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The idea of working all your life, saving and putting money into a retirement account is a very slow plan. It is a good and sensible plan for 90 percent of the people. But it is not a plan for someone who wants to retire young and retried rich. If you want to retire young and retire rich, you need to have a plan that is far faster that the plans of most people.
If you have a chance, see the movie top Top Gun and watch the speed at which those young pilots had to fly and make life and death decision. The capacity to handle speed was important to those young pilots because their lives depended upon the speed at which they handled speed.
The same is true in life and business today. The speed at which you can change and expand your context in order to adapt to the changes in the business world today is critical to every one of us who wants to succeed and do well financially. The gap is no longer between the haves and have nots. Today the gap that is changing the most rapidly is the financials gap between the middle class and the rich. Saying it bluntly, if you have a slow Industrial Age plan or context, you are being left behind financially, not by your peers but by younger people with faster minds and more accelerated idea. This accelerating rate of change of contests is why we have twenty five year olds who are billionaires and we have fifty real olds still hoping to find a $50,000 a year job. The sad thing is that many of these seem fifty year old peers of mine are still advising their kids to follow in their footsteps, riding the dame slow rin their parent rode on.
When I retire, my income will go down. In other words, they planned own working hard all their lives only to become poorer. If you want to be rich and retire young, you must have a very fast plan that makes you richer and richer with less and less work.
