The Reader's Journey

26. MJ DeMarco: The Great Rat Race Escape (How To Go From Wage Slavery to Wealth)

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Oct 7, 2021
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INSIGHT

The Script

  • The "script" is a prescribed way of living enforced by culture, involving education, career, and retirement.
  • It's often unquestioned, leading to conventional results if followed.
INSIGHT

Compound Interest Myth

  • Compound interest, while mathematically sound, requires substantial sums of money and significant time, both of which are limited for most people.
  • MJ DeMarco challenges the conventional wisdom of relying solely on compound interest for wealth building.
ADVICE

Escape the Rat Race

  • Escape the rat race through leveraged entrepreneurship, particularly using the internet's scalability.
  • This allows for asymmetrical returns, turning small investments into substantial wealth within a shorter timeframe.
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