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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.
875
2.84K reads
MORE IDEAS ON THIS
942
2.76K 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 I’ll give you $2 back tomorrow. 5-for-2. No? Why? This is a smoking Deal!"
823
3.47K reads
887
2.34K 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."
856
3.06K reads
The get rich slow strategy that is championed by society is a losing game. It is anchored on your time, assumes that everything will go according to plan, and doesn’t involve getting rich at a young age.
If you want to get rich, take the Fastlane road.
True wealth is authored by three...
941
4.96K reads
Wealth = (Primary Income Source: Job) + (Wealth Accelerator: Market Investments)
When in the Slowlane, you mindlessly trade your life for a paycheck.
828
3.96K reads
Slowlane mindset:
842
3.33K reads
The roadmap to wealth is made up of four key ingredients:
887
4.12K reads
The Fastlane mindset:
985
3.16K 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."
927
2.86K reads
The more lives you affect in an entity you control, in scale or in magnitude, the richer you become.
To exploit the Law of Effection, your business needs to make an impact of either scale or magnitude, or both.
Within our Fastlane wealth equation, “scale” and “magni...
846
2.59K reads
The Fastlane is a state of wealth that is characterized by abundance. In the Fastlane, you don’t 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 don’t want to ...
863
6.69K 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 won’t return."
803
2.84K reads
Sidewalker mindset:
872
4.15K reads
828
2.47K reads
"The Millionaire Fastlane isn’t about being retired old with millions, but about redefining wealth to include youth, fun, freedom, and prosperity."
813
6.86K reads
"Time isn’t a commodity, something you pass around like a cake. Time is the substance of life. When anyone asks you to give your time, they’re really asking for a chunk of your life."
872
3.45K reads
The Fastlane is a business system while the Slowlane is a job. In the Slowlane, you trade your time for your employer’s cash while in the Fastlane, wealth is driven by a business system.
The Fastlane wealth equation looks like this:
Wealth = Net Profit + Asset Value
858
2.68K reads
The Fastlane is a conglomeration of information that creates potential speed. You understand the Fastlane roadmap and its wealth equation. You’ve dumped the Sidewalk and the Slowlane.
Ideas are nothing without execution. Execution divides winners from losers. Execution is a...
846
2.68K reads
CURATED FROM
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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Have you ever made a decision that you later look back on and regret? This happens when we’re not aware of how we make decisions.
And that’s odd because the decisions we make, or in many cases not make, shape the outcome of lives. But many of us don’t know how we make decisions. By understa...
They guide the choice of what to do (and not do) without requiring a lot of time, analysis, or information.
They work well for categorical choices, like a judge’s yes-or-no decision on a defendant’s bail, and decisions requiring many potential opportunities to be screened quickly.
Eisenhower made one of the best decision in history during World War 2. In large part, it was due to his ability to prioritize.
He introduced the famous Eisenhower matrix, a 2x2 matrix which can help us to prioritize our tasks based on urgency and importance.
We should spend most of ...
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