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The Fastlane is a state of wealth that is characterized by abundance. In the Fastlane, you donāt trade your time for money and are in complete control of all the wealth-generating factors.
The Fastlane lifestyle is for the people who want to retire young and donāt want to follow the conventional get rich roadmap that involves maxing the 401k, being frugal, and retiring at 65. Being on the Fastlane requires that you turn your back on what society says about wealth. Otherwise, you will never get rich.
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6.68K reads
"The Millionaire Fastlane isnāt about being retired old with millions, but about redefining wealth to include youth, fun, freedom, and prosperity."
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6.85K reads
The get rich slow strategy that is championed by society is a losing game.Ā It is anchored on your time, assumes that everything will go according to plan, and doesnāt involve getting rich at a young age.
If you want to get rich, take the Fastlane road.
True wealth is authored by three fundamental Fās:
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4.95K reads
The roadmap to wealth is made up of four key ingredients:
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4.12K reads
Sidewalker mindset:
870
4.14K reads
Slowlane mindset:
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3.32K reads
Wealth = (Primary Income Source: Job) + (Wealth Accelerator: Market Investments)
When in the Slowlane, you mindlessly trade your life for a paycheck.
826
3.96K reads
"The ultimate insanity is to sell your soul Monday through Friday for the paycheck of Saturday and Sunday. Yes, give me $5 today and in return Iāll give you $2 back tomorrow. 5-for-2. No? Why? This is a smoking Deal!"
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3.46K reads
"Time isnāt a commodity, something you pass around like a cake. Time is the substance of life. When anyone asks you to give your time, theyāre really asking for a chunk of your life."
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3.44K reads
"Somebody should tell us, right at the start of our lives, that we are dying. Then we might live life to the limit, every minute of every day. Do it! I say. Whatever you want to do, do it now. There are only so many tomorrows."
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3.06K reads
The Fastlane mindset:
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3.16K reads
The Fastlane is a business system while the Slowlane is a job. In the Slowlane, you trade your time for your employerās cash while in the Fastlane, wealth is driven by a business system.
The Fastlane wealth equation looks like this:
Wealth = Net Profit + Asset Value
Asset Value = (Net Profit) X (Industry Multiplier)
The Fastlane Roadmap is engineered for two purposes. Itās engineered to create a passive income stream to the excess of your expenses and lifestyle desires, and to make financial freedom a reality, exclusive of age.
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2.68K reads
"Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer."
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2.86K reads
"You could own the best hotel in the world located on the best beach in California, but if customers are treated like inconveniences and requests go unfulfilled, they wonāt return."
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2.83K reads
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2.75K reads
The more lives you affect in an entity you control, in scale or in magnitude, the richer you become.Ā
To exploit the Law of Effection, your business needs to make an impact of either scale or magnitude, or both.Ā
Within our Fastlane wealth equation, āscaleā and āmagnitudeā are implicit to our ānet profitā variable.
NET PROFIT = Units Sold (Scale) X Unit Profit (Magnitude)
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2.58K reads
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2.47K reads
1. Worse Case Consequence Analysis (WCCA). Analyse potential consequences before making a decision.
2. Weighted Average Decision Matrix (WADM). Weigh the various decisions and see which one is better.
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2.84K reads
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2.34K reads
The Fastlane is a conglomeration of information that creates potential speed. You understand the Fastlane roadmap and its wealth equation. Youāve dumped the Sidewalk and the Slowlane.
Ideas are nothing without execution. Execution divides winners from losers. Execution is a process. Ideas are events.
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2.67K reads
An excellent book on how to create insane wealth and live a great life. M. J. Demarco shares the secret to becoming a millionaire at any age. And it is not the kind of advice you receive from financial gurus, parents, or friends.
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Curious about different takes? Check out our The Millionaire Fastlane Summary book page to explore multiple unique summaries written by Deepstash users.
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