The Millionaire Fastlane - Deepstash
The Millionaire Fastlane

Ian Nathaniel Puang's Key Ideas from The Millionaire Fastlane
by MJ DeMarco

Ideas, facts & insights covering these topics:

7 ideas

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388 reads

5

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Side Walk

Side Walk

  • Have no plan
  • Surplus money immediately spent
  • Road most travel because it's the path of least resistance
  • Instant gratification

5

112 reads

Side Walker Mindset (1)

Debt perception:

Credit allows me to buy things now! Credit cards, consolidation loans, car payments-these supplement my income and help me enjoy life today! If I want it now, I'm going to get it now.

Time perception:

Time is abundant and I spend money like there's no tomorrow. Heck, I could be dead in two weeks, and you can't take it with you!

Education perception:

I finished school when I graduated, hooray!

Money perception:

If you got it, flaunt it! Why save for a rainy day? I spend every dime I earn and most of my bills are paid on time; isn't that being fiscally responsible?




4

49 reads

Side Walker Mindset (2)

Primary income source:

whatever gigs pay the most is what I will do, I chase money, it is all about the Benjamins

Primary wealth accelerator:

Net worth? I hit the casino, I buy lottery tickets, and I have an active lawsuit against an insurance company. Dows that count? 

Wealth perception:

He who dies with the most toys win

Wealth equation:

Wealth = income + debt 

3

43 reads

Side Walker Mindset (3)

Destination:

What destination? I live for today and I can't be bothered about tomorrow.

Responsibility and control:

Everything bad happens to me. The man is keeping me down. I am a victim. It's someone else fault.

Life perception:

Live today, to hell with tomorrow. Life is too short to plan any further than 30 days out. You can't take it with you! You're only young once! Besides, I'll hit it big someday

3

32 reads

MJ DEMARCO

Affordability is when you don't have to think about it. If you have to think about "affordability" you can't afford it because affordability carries conditions and consequences

MJ DEMARCO

3

49 reads

Self talk about I can afford it when... is an indication that you can't afford it. Remember you can bluff yourself but you can't bluff consequences 

3

50 reads

Fastlane Commandment (NECST)

  1. The commandment of Need
  2. The commandment of Entry
  3. The commandment of Control
  4. The commandment of Scale 
  5. The commandment of Time

3

53 reads

IDEAS CURATED BY

ianpuang

Welcome, I post what i read Everything I post is in the book, I'll quote it if it's my own opinion

CURATOR'S NOTE

This books reveal the real truth how wealth are made

Curious about different takes? Check out our The Millionaire Fastlane Summary book page to explore multiple unique summaries written by Deepstash users.

Ian Nathaniel Puang's ideas are part of this journey:

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