The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime

Well, I am on my 3rd reading of this book--and that surprises even me! WHY?--because there are so many fascinating and USEFUL distinctions which make the book a veritable goldmine of actionable PRINCIPLES for creating wealth.This book will expand your mental horizons about creating wealth and tremendously broaden your wealth perspective. As the author himself states early on--this is not a "HOW to get rich" book with "paint by the numbers" or "lead-me-by-the-hand-and show-me-exactly-what-to-do" book.Instead, it is about an overall Mindset for creating wealth and freedom while one still has the vitality and enthusiasm to ENJOY it, rather than the "Wealth in a Wheelchair" plan endorsed by most financial "authorities" and society at large---work 40-50 years, save 10% of your income, invest in the stock market, and by golly HOPE you will be a millionaire by the time you're 65 or 70.It is written in a "brash young man" style, wherein the author references his Lamborghinis, his palatial home, his money and his freedom on several occasions. This has offended many 1-Star reviewers. [Note: I find that one of the best places to discover a "loser's" mentality is some of the 1-Star reviews concerning wealth-creation books. So many of them want detailed how-to's instead of the wealth Mindset without which all the how-to's in the world won't work anyway. And they seem to resent rich authors. In my experience it is extremely difficult to create wealth for those who resent the wealthy. OK, OK--I'll get off my mini-soapbox now...]My own view would be--why not CELEBRATE the author's efforts, subsequent wealth, and his willingness to share his hard-won wisdom about creating affluence?A few tidbits from the book which are simple enough, but extremely valuable in application:1) Process vs. EventSociety seems to laud the Event--the sports figure who gets a multi-million dollar contract; The entrepreneur who hits a home run and makes billions; The movie star who gets $15 million for a picture, etc. What society seldom focuses on is the multi-year Process of practice, failure, perseverance, experimentation, which eventually results in the Event. Wealth is created by consistently applied Process, which culminates in the Event.2) The Three Paths:The Sidewalk: Living paycheck to paycheck with instant gratification as the main goal. Probably characterizes 50% of our society right now.The Slowlane: the "40-50" year plan of working hard, saving, and living frugally hoping for pie-in-the-sky in the future (when you are old). The author gives some neat, mathematical formlas to demonstrate why the Slowlane plan can NOT succeed--except for a few rare exceptions.The Fastlane: Using precise formulas and leverage (see below) to create wealth and freedom while young.3) ULL vs CUL The distinction between Uncontrollable Limited Leverage--trying to control the financial limitations of a job by working harder/longer or getting more education/training to raise your salary, and trying to use the uncontrollable stock market as your ticket to future wealth.Compared with Controllable Unlimited Leverage from having your own business which you can control and which creates assets you can leverage. CUL requires that you use the NECST formula...4) NECST formula: I wish I had known this one 30 plus years ago! I have been successful in several businesses, but by using NECST (Need, barriers to Entry, Control, Scalability, Time) my businesses would have generated so much more income and leverage potential. You can bet I am applying NECST now!Never start a business without first evaluating it according to the criteria of NECST. At some point, the Fastlane is culminated when your rapid-growth business can be converted into Equity.There are numerous "mathematical Formulas or Factors for wealth" which are simple but EXCELLENT. Their simplicity makes them easy to remember and actionable.Once you have gotten the Slowlane vs. Fastlane distinction, so much becomes crystal clear about businesses and their true potential for wealth creation. An example is the author's irreverent, amusing, and spot-on critique of Fastlane financial gurus and authors selling Slowlane books and products to their adoring fans. My summary of the critique: Fastlane author/guru --"I make my fortune and become rich NOW by selling you millions of books and pedaling advice about how you can work 40-50 years on the Slowlane and HOPE to retire rich `someday.' And by the way--cut out those $6 Lattes!"The author's explanation of converting your Fastlane business and cashflow into Equity is an excellent summary. This info is available from many other sources, but here it is clarified and simplified into APPLICABLE principles.I could go on, but I would simply recommend you read this book. I really do think you will enjoy it and profit from the information.

MJ's book is probably one of the best business books I have read in my entire life, and to be frank I rarely ever say that about most books I read.After reading MJ's book, I have probably already recommended it to 30+ of my closest entrepreneurial friends who also have felt the same about the book.As an avid reader of many business books, it is hard to come by a book that truly cuts through all of the BS, and delivers time-tested and proven information from a been there done that no-nonsense entrepreneur who truly cares about your success.Compared to other authors who write books that just want to up-sell you into multi-thousand dollar training programs on the backend, this book stands in the face of all of that noise and "flips them the bird."Not only does this book give you the mindset you must adopt if you want to be a successful entrepreneur, but even more so gives you the tools to use and implement to achieve massive success.I recommend that when implementing a new business idea, or enhancing your current business, please, please, please use this book as your guide.You won't be sorry! By using this book to help you, you are definitely guaranteed to reach all of the goals you have set for yourself and your business...and I stand behind that statement 100% because it has already helped me tremendously with my mindset and business.Here is the truth...While most business books I read are "good," very few of them are great.MJ's book falls into my "great" category for many reasons as described below!In his book, not only do you get a glimpse into the mind of a been there done that multi-millionaire entrepreneur, who made his money OUTSIDE of the publishing business (unlike some of the most well-known business/financial guru's), but even more so, you get a to buy a book that you will want to keep on your night stand forever and be something you reference for many years to come.The parts in the book that truly stuck out to me, and helped me gain a lot of insights and clarity for my business, life and financial plan were the specific parts highlighted below.1. Why Understanding The Process To Creating A Successful Business, is More Important Than Focusing on the One Time "Wealth Event" at The End...(The truth is that if you complete and stick to the process correctly, the wealth event at the end will be a result of all your hard work and discipline to not get ahead of yourself). (After reading this section I realized too many individuals are focusing on the wrong thing when they go into business. This mindset is definitely going to flip you for a loop and challenge every previous thought you ever had about accomplishing anything, and building a company for that matter)2. The Essential Elements To A Fastlane Business (And no they are not what you would expect...this part of the book is worth MILLIONS of dollars to you, and will help you eliminate TIME-WASTING wheel spinning activities in during your current and future entrepreneurial career)3. How to Make a Decision When Faced With Two Semi-Desirable Options (The logic in this is so sound, and the process can be duplicated over and over again, no matter what you are choosing between in the future)4. How To Truly Value Your Business and Set it Up To Be Sold For Millions (And no...it has nothing to do with how many "users" you have without any profit...get ready for this part of the book to blow you away)5. How To Create An Effective Exit Strategy For Your Business That Will Leave You Wealthy...Never Have To Worry About Money or What You Do With Your Time Ever Again (This mindset is so critical to grasp, as most of these web 2.0 companies exit strategy is "sell to Google," when in reality that exit strategy is like praying to win the lottery without a sound base to stand on)6. How To Effectively Think About Investing The Money You Make After Selling Your Company For Millions to Ensure You Continually Grow Your Wealth and Income (If you thought you should be counting on the stock market to make you wealthy, this part of the book is going to shock you, but makes so much sense)So without making the book sound any better than I already have, just listen to me and buy the book...you won't be sorry...just trust me.Truth be told...The book was so good that I even bought it a second time on my new E-Reading device (nook), because I wanted to make sure I had it with me forever to reference if I ever lost my physical copy, or if one of my entrepreneurial friends secretly stole it from me without letting me know they were going to borrow it.And finally...If I had to give a rating out of 5 stars for this book, I would give it a 10. You can't go wrong buying this book because the author truly cares about helping you create all of the entrepreneurial success your heart desires...Hell, he even gives you his e-mail address to contact him after finishing the book! I don't know about you but that says a lot.Enjoy the book! You won't be sorry!-ScottP.S. I even interviewed him for my site here is the link to the interview enjoy![...]

Whoever thought to himself there must be another way to live this life- must read it! It is just Exceptional!

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime" by MJ DeMarco is a game-changer in personal finance. DeMarco's straightforward approach and practical advice make this book a standout.What makes "The Millionaire Fastlane" special is its focus on entrepreneurship and smart financial decisions. DeMarco breaks down complex ideas into easy-to-understand concepts, making it accessible for everyone including teenagers.The book not only provides information but also offers genuine guidance and motivation to take action. Whether you're new to finance or a seasoned entrepreneur, this book is a valuable resource to accelerate your journey to financial freedom. Highly recommended!

Really should have read this book the day I found out about it. Not sure why it sat in my cart for a year. Written by a normal person with attainable no bull information. I was writing a business plan as I read the book and the information is very relevant in answering the questions that a business plan should address.100% would recommend.

Aquele comentário brasileiro em um livro gringo. Comprei a versão digital e não terminei completamente a leitura, estou em 60%. Mas não é exagero dizer que é o meu preferido. Te desafia a pensar e ser diferente. Te ensina pegando na sua mão como lidar com a incerteza, aceitar a si mesmo e tomar riscos. Ele desenha sua vida do início até o fim e mostra o quão medíocre ela pode ser. O autor tem uma escrita bastante coloquial e próxima ao público. É aquele Must Read, quanto mais cedo ler, melhor, afinal é isso a proposta do livro.

Es un libro con ideas y consejos muy claros y específicos que permiten ver de una manera distinta la.generacion de la.riqueza, finalmente para ganar roqueza extraordinaria hay que hacer cosas muy distintas a lo normal y este libro ñas ejemplifica muy bien, con mucha logica y aterrizado.Lo recomiendo a todas las personas que deseen emprender y hacer un cambio en su vida financiera,, a estudiantes que tengan la inquietud sobre el futuro de su vida laboral y profesional, y a padres que deseen inculcar ideas en sus hijos sobre educación financiera.

I have read a lot of book for how to make money and about personal development. This book is really good! He is straight forward and you just get it immediately. Also very easy to read. I am not English, the words are not difficult

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