Sthalmann thoughts

Where are you and where are you going?
Post Reply
7Wannabe5
Posts: 10695
Joined: Fri Oct 18, 2013 9:03 am

Re: Sthalmann thoughts

Post by 7Wannabe5 »

As always, you are stuck with the engineering triangle of "good, fast, easy" or similar. If you really want "fast" and/or "good/large/$$$" without the "easy" and with a very different risk landscape than standard salaryman FI program (not to be confused with more complex ERE paradigm), you might want to check out the Fastlane Forum or one of MJ DeMarco's books on becoming an entrepreneur. As somebody who has succeeded and failed at my own entrepreneurial undertakings, I found much of his advice to be rather on the mark in terms of illuminating all that I did wrongly. DeMarco is also much more likeable ("justwanna buy a house for my Mom") than some of the alternatives such as Wall Street Playboys. It is also the case that the endgame of his "program" will practically and philosophically drop you off the bus pretty close to the WL5/6 juncture for the ERE path. I found it somewhat interesting that he starts out encouraging/emphasizing a desire for all the stuff that money can buy, but eventually weaves a frugal outlook into his program around about the point of "accumulating excess money that must be invested outside or core business."

Post Reply