The Millionaire Fastlane 阅读笔记/感受

工作2.5年感觉自己需要一些新的努力方向和刺激。说实话干quant这几年挣的和swe同学差不多心里有点不平衡，所以想找到更好的正确的心态，在这里记录一下阅读的感受

Part Three: The Sidewalk Roadmap
Chapter 7: "Lifestyle Servitude" The thief of happiness:

笔记：
- "money cannot buy happiness, but it can make you awfully comfortable while you are being miserable" lol
- 很多人挣更多钱并没有得到更多的自由，反而收缩了：consumer pursuits are destructive to freedom
- happiest people have a tight sense of community, social support, and strong family bonds <- quality of our relationships
- normalcy is the rat race: a modern day slavery因为缺手freedom to act at will
- money can buy freedom when it is appropriately accumulated and invested
- affordability is when you don't have to think about it: 如果想了，说明it carries conditions and consequences. 只有在这笔花费不影响你的生活品质，且不受未来事件影响（失业，股票涨跌， 等等），才说明你付得起 （这让我联想到了湾区买房的陷阱，房贷锁紧了人们的自由）
- wealth 和health都不容易得到： discipline, sacrifice, persistence, commitment, and delayed gratification, short term thinking ->. long term thinking





单词：
- equivocation: the use of ambiguous language to conceal the truth or to avoid committing oneself; prevarication.
- strife: angry or bitter disagreement over fundamental issues; conflict.
- opulence: great wealth or luxuriousness.
- extortion: the practice of obtaining something, especially money, through force or threats.
- hellacious: very great, bad, or overwhelming.

Part Four: Mediocrity: The Slowlane Roadmap
Chapter 10: The Lie You've been sold: The Slowlane

笔记：
- sidewalk: instant gratification that mortgages the future for a comfortable today/ slowlane: a sacrificial today in hopes of a more comfortable tomorrow
- slowlane: FIRE 今天忍耐 明天自由？要在人生最好的时候享受wealth，而不是60岁甚至无法滑雪的时候
- 2008 金融危机是最好的例子：只靠投资：the plan is a failure because the plan is based on time and factors you cannot conrtol
- CNBC 说最好的投资就是投s&p500四十年， 这非常恐怖：lifestyle servitude, assumptions: debt is evil, my time is abundant, money is scarce, job is the sole source of income, wealth = job + market investment
- slowlane 可以是piece of the plan, 因为wealth仍然需要financial discipline
- wealth = job + market investment ->  wealth = intrinsic value + compound interest ?
- wealth's provenance: family, fitness, and freedom
- 一周工作五天是-60% return： 用五天换两天，你的小孩也不会只在周末长大，平时他们也在成长，你会错过陪伴的时间
- TIME is mismanaged because the slowlane is predicated on time.  
- slowlane 让我们认为“commoner" 都只能这样获得wealth
- The predisposed destination of the slow lane is mediocrity.



单词：
- besieged: (of a place) surrounded by armed forces aiming to capture it or force surrender.
- A mishmash is a confused, jumbled, or random collection of unrelated items
- ostensible: stated or appearing to be true, but not necessarily so.
- ruse: an action intended to deceive someone; a trick.
- splurge: an act of spending money freely or extravagantly.
- ascetic: characterized by or suggesting the practice of severe self-discipline and abstention from all forms of indulgence, typically for religious reasons.
- pulverize: reduce to fine particles.
- provenance: the place of origin or earliest known history of something.

Part Three: The Sidewalk Roadmap
Chapter 12: Why you aren't rich

笔记:
- slowlane: ULL (uncontrollable limited leverage)
- slowlane is wealth = job (primary source of income) + market investment (wealth accelerator)
- Job [ intrinsic value] = hourly rate of pay * hours worked, which depends on time, but time has no leverage, the maximum upper limit is 24 hours, and small numbers do not make penta - deca millionaires
- no control in the job: cannot control employer, the raise, the economy or inflation
- Compound interest: also limited to time
     Wealth = intrinsic value (yearly) + compound interest (yearly)
-> Wealth =  time * hourly or salaried value + invested sum * (1+yield)^ time -> neither time or yield can be controlled, plus inflation being the elephant in the room
- research shows only 10% of penta-millionaires report that their wealth came from passive investment
- Asymmetric returns: wealth 一年增长800%
- I must control and leverage the variables in my financial plan, not false hope from time (mortality rate is 100%)
- wealthy is built with time as an asset, not as a liability; time is your primordial fuel, and it should not be traded for money


单词：
- warden: a person responsible for the supervision of a particular place or thing or for ensuring that regulations associated with it are obeyed.
- perfunctory: (of an action or gesture) carried out with a minimum of effort or reflection.
- prognosticator: a person who foretells or prophesies a future event.
- syrupy: excessively sentimental.
- factoid: a brief or trivial item of news or information. an assumption or speculation that is reported and repeated so often that it becomes accepted as fact.
- premordial: existing at or from the beginning of time; primeval.

单词：
feckless:  ineffective, incompetent, weak, irresponsible
exuberance: the quality of being full of energy, excitement, and cheerfulness

笔记：
- financial independence != 纯粹靠节约和股市投资，这个叫financial enslavement
- real wealth is created quickly and asymmetrically

补上一条：
Introduction:
笔记：
- financial independence != 纯粹靠节约和股市投资，这个叫financial enslavement
- real wealth is created quickly and asymmetrically
- financial orthodoxy 也是 financial mediocrity, the slow lane, 可能需要40-50年，但是迅速acquire wealth quckly and asymmetrically可以带来一生的自由和繁荣
- “if you want to keep getting what you are getting, keep doing what you are doing", 如果人还没有变得wealthy，说明以前都做错了！这本书会说明哪里不对
- 作者炫耀了自己不需要工作的自由完美生活哈哈


单词：
feckless: ineffective, incompetent, weak, irresponsible
exuberance: the quality of being full of energy, excitement, and cheerfulness
cornucoplia: an abundant supply of good things of a specified kind
gist: the substance or essence of a speech or text
fervently: very enthusiastically or passionately
cineplex: a movie theater with several separate screens
unmolested: not interfered with, disturbed, or harmed
smothering: kill (someone) by covering their nose and mouth so that they suffocate
coddle: treat in an indulgent or overprotective way
castration: the state of being deprived of power, vitality, or vigor

Part one: Wealth in a Wheelchair... "Get Rich Slow" is get rick old
Chapter 1: The Great Deception

笔记：
- 早年财务自由的人并不是通过maximize 401k并且把所有工资放在index fund的人，年老退休才有钱属于“wealth in a wheelchair"
- 并不是只有年纪大（可能也指通过投资时间复利）才能财富自由，年轻也可以
- FIRE: saving every dime and cutting every expense while hoping for continued stock market hyperinflation. FIRE的问题在于年轻的人生毫无乐趣，无法自由旅行，无法享受人生：you are not freed by money, you are owned by it
- get rich slow: demands a long life of gainful employment; it is a losing game because it is codependent on wall street and ANCHORED BY YOUR TIME.

单词：
sycophant：马屁精
acolytes: a person assisting the celebrant in a religious service or procession
nefarious: (typically of an action or activity) wicked or criminal
bandwagon: used in reference to an activity, cause, etc. that is currently fashionable or popular and attracting increasing support.

Part one: Wealth in a Wheelchair... "Get Rich Slow" is get rick old
Chapter 2: How I screwed get rich slow

笔记：
- 有一群fameless millionaires: rich lifestyle, relative young (under 35)
- 大学是brainwashing program for corporate homogenization (the process of making things uniform or similar.)
- 重新获得人生的掌控感！换一个新的环境 光脚的不怕穿鞋的
- 他买下了limo.com 并且解决了几千几万个人的问题，problem solving带来了passion
- 还是那句话，fast wealth is created asymmetrically, not linearly
- Don't fear taking roads that have not been paved by others.

单词:
exertion: physical or mental effort
Adrenaline: 肾上腺素 prepares your body for a "fight-or-flight" response by rapidly increasing heart rate, blood pressure, and blood flow to muscles, while slowing digestion and boosting alertness, energy, and pain tolerance, enabling quick reactions to stress or danger
informercial: a television program that promotes a product in an informative and supposedly objective way.
voluptuous: curvaceous and sexually attractive (typically used of a woman).
gnaw: cause persistent and wearing distress or anxiety.
courtship: a period during which a couple develop a romantic relationship, especially with a view to marriage.
ecstatic: feeling or expressing overwhelming happiness or joyful excitement.
regurgitate: repeat (information) without analyzing or comprehending it.
implosion: the violent inward collapse of an object due to external pressure exceeding internal pressure

Part Two: Wealth is Not a Road, But a Road Trip
Chapter 3: The Road Trip to Wealth
笔记：
- 不能只注意梦想，也要关注路程和需要的工具
- All self-made multimillionaires creates their wealth through a carefully orchestrated process
- Wealth is a process, not an event! Events are residual by products of process.
- 我们容易忽视过程而只看到成功的结果，比如underarmor 老板也曾在建立公司后欠债
- 需要focused discipline
- 三条路to wealth: 1) the sidewalk 2) the slowlane 3) the fastlane
- fastlane 通常反而难走，dark, deserted, unpaved road strewn with potholes that forces change and evolution; The fastlane process demands sacrifices that few make to resolve to live as few can
- 要靠自己，不要把过程外包给别人


单词：
"Scantily clad" means wearing very little clothing, or clothes that offer minimal coverage, often implying the attire is revealing, insufficient, or provocative, though context matters and it can range from swimwear to lingerie, sometimes carrying a judgmental tone
titillating: describes something pleasantly exciting, stimulating, or alluring
elude: evade or escape from (a danger, enemy, or pursuer), typically in a skillful or cunning way.
sprawling house: spreading out over a large area in an untidy or irregular way.
chauffeur: a person employed to drive a private or rented automobile.
surrogate: a substitute, especially a person deputizing for another in a specific role or office.

Part Two: Wealth is Not a Road, But a Road Trip
Chapter 4: The Road Maps to Wealth

笔记：
- action comes from beliefs: 如果你相信买基金可以变富，那你会长期买基金。如果你相信今天投资¥50块未来四十年会变成一千万，那你会投资
-  the sidewalk, the slowlane, the fastlane都有他们分别的思维模式和财富公式，你信什么你的行为就会带来什么
- Change must evolve from your beliefs, and your roadmap circumscribes those beliefs


单词：
- circumscribe: restrict (something) within limits.

发现这本书在Spotify有audiobook，大家可以直接去听～

Part Three: The Sidewalk Roadmap
Chapter 5: The road most travelled: the sidewalk
笔记：
- sidewalker: 离破产只有一步之遥：只要失业/失去一个business deal就会破产。他们可能挣的不少但没有真正的财富， 因为他们选择及时满足instant grafitication
- sidewalker: insatiable lifestyle- accelerating  cycle of consumption and debt, forever enslaving the sidewalker to their addictions
- 大部分美国人都很少存款，mostly income poor
- 要看long term, 不能因为recessaion, job loss, interest rate hike, or mortgage reset就失败
- lol insanity is doing the same thing repeatedly and expecting different results
- 挣得多的人也会成为sidewalker: 他们的wealth equation是wealth = income + debt
- Income Rich: financial discipline is blind to income; more money is not a solution to poor financial management
- If wealth is defined by income and debt, wealth is an illusion because it is vulnerable to potholes, detours, and bumps in the road. When the income disappears, so does the illusion of wealth.


单词：
- grafitication: pleasure, especially when gained from the satisfaction of a desire.
- pawn shop: a pawnbroker's shop, especially one where unredeemed items are sold to the public.
- Accouterment: additional items of dress or equipment, or other items carried or worn by a person or used for a particular activity.
- commensurate with : corresponding in size or degree; in proportion.

Part Three: The Sidewalk Roadmap
Chapter 5: Has your definition of wealth been poisoned?

笔记:
- wealth: instinctively defined by lavish luxury lifestyles
- wealth trinity: family, fitness, freedom: solid familial relationships: no man is a failure who has friends!; wealth is fitness: health, vibrancy, passion, and boundless energy; wealth is unfettered freedom and choice.
- faux wealth: when you adopt culture's default definition of wealth and try to establish, then maintain, the illusion.
- unaffordable material possessions lay consequences on top of our health and relationships.



单词：
- chauffeur: a person employed to drive a private or rented automobile.
- debutante: an upper-class young woman making her first appearance in fashionable society.
- dilapidated: (of a building or object) in a state of disrepair or ruin as a result of age or neglect.
- faux: made in imitation; artificial.
- chasm: a profound difference between people, viewpoints, feelings, etc.
- accolade: an award or privilege granted as a special honor or as an acknowledgment of merit.
- cor·po·ra·tize: convert (a state organization) into an independent commercial company.
- purgatory:  (in Roman Catholic doctrine) a place or state of suffering inhabited by the souls of sinners who are expiating their sins before going to heaven.
- unfettered: unrestrained or uninhibited.