About 20 years ago, I had a dangerous idea.
The idea was that if I could lower my expenses so much that I could live on my dividends, I would be able to farm my entire paycheck into the stock market every month and see exponential growth to my net worth in such a way that my better-performing peers would find hard to match.
This idea is no longer controversial today given how mainstream the FIRE movement is, so when I became a trainer, I amped it up a notch, proposing that employing leverage on a carefully balanced portfolio can fast-track a student into becoming a retiree. (I share how this works here)
What we see as mainstream ideas today probably came from a dangerous idea several years ago – how many folks can predict the rise of a currency that is not backed or supported by a central bank of any country a decade ago?...