can be devastating for someone who lives paycheck-to-paycheck and doesn’t plan ahead. The sidewalk is a precarious place to be because external events like job cuts, recessions, interest rate hikes, etc. Because the Sidewalk is all about the short term, it doesn’t work well in the long term, and you end up mortgaging a stable future for a pleasant present. Sidewalkers don’t plan for the long term and blame external factors (taxes, “bad fortune”, etc.) for their situations. Sidewalkers: view debt as an asset which enables them to buy more stuff, value spending over saving, and live a life of instant gratification.
The Sidewalk- living well today at the expense of having more security tomorrow.Becoming wealthy is not about having the right prerequisites it’s about taking smart risks, putting in the hours, and not quitting. People come up with all kinds of reasons for why they “deserve” to be wealthy: they come from a prestigious background, they have a great business plan, they think positively, they are “doing what they love”, and so on.If you skip the process, you won’t get the events. People focus on events like selling their company or winning a big contract, but the real story is not the events but the processes and hard work that made those events more likely. lottery winners), wealth is not an event but a process. The “Get Rich Slowly” approach is faulty because it takes a lifetime of work, it’s dependent on getting lucky with your investments, and even if you do get rich, you’ll be too old to enjoy it.Those techniques are not an effective road to wealth.
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