The Slowlane (Defined)
- The financial plan accepted by society as “normal” — best narrated by credible figures: parents, educational institutions, and financial experts, hence giving it the illusion of effectiveness, safety and security. Popular Slowlane prognosticators: Suze Orman, David Bach, and Dave Ramsey.
“Go to school, get good grades, graduate, get a good job, max-out your 401(k), clip coupons, live frugal, invest faithfully in the stock market for 40 years, and one day, way way way off into the future, you can retire rich.”
“If you invest $100/month into the stock market for 40 years, at the end of 40 years you will have 40 gazillion dollars! That’s right, when you are 70 years old, you’re gonna be rich!!”
- A popular financial plan predicated on TIME and HOPE.
HOPE you can get a job.
HOPE you can keep your job.
HOPE the economy doesn’t fall into recession or depression.
HOPE the economy rebounds.
HOPE my 401(k) earns 8% this year.
HOPE the company doesn’t go bankrupt.
HOPE the stock market doesn’t lose most of my life savings.
HOPE the boss doesn’t cut my hours.
HOPE my home equity value rises.
HOPE I’m alive after 40yrs, cuz golly gee, I’m gonna be rich!
And Stop The Prostitution of Monday Through Friday!
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