"The Millionaire Fastlane isn’t about being retired old with millions, but about redefining wealth to include youth, fun, freedom, and prosperity."

<ul><li>To get to the Fastlane, you need a well-oiled and ready vehicle and that vehicle is you. You are the one responsible for making the journey.</li><li>You can’t pay yourself first if you don’t own yourself. To own yourself, create a corporation that divorces you from the act of business.</li><li>Success is not made up of a single choice but hundreds of them.</li><li>The easiest way to start making better decisions is to start changing your perception.</li></ul>

Your Vehicle To Wealth

"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."

Sidewalker mindset:<ul><li>Debt perception: Credit allows you to buy things now. </li><li>Time perception: There is enough time and you could be dead in two weeks anyway.</li><li>Education perception. You don't need to learn.</li><li>Money perception. If you have money, flaunt it</li><li>Primary income source. Whatever pays the most, you will chase it</li><li>Primary wealth accelerator. Luck</li><li>Wealth perception. The one with the most toys wins</li><li>Destination. “I live for today and I’m not bothered about tomorrow”</li><li>Responsibility and control. Indulges in the victim mentality</li><li>Life perception. Life is too short to plan ahead</li></ul>

The Three Road Maps To Wealth: The Sidewalk To Poorness

The roadmap to wealth is made up of four key ingredients: <ul><li>Your roadmap. The roadmap is the guiding force behind the decisions you make </li><li>Your vehicle. Your vehicle is you. No one can drive you to your financial destination</li><li>Your roads. Roads are the financial pathways that lead to wealth. You can be an engineer, a plumber, a truck driver, etc. The roadmap guides your actions and the consequences of those actions create your financial life</li><li>Your speed. Speed refers to execution or your ability to go from idea to implementation</li></ul>

The Fast Roadtrip To Wealth

"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."

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 Asset Value = (Net Profit) X (Industry Multiplier) The Fastlane Roadmap is engineered for two purposes. It’s 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.

The Fastlane Is A Business, Not A Job

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 process. Ideas are events.

The Importance Of Speed

"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."

<ul><li>Rental systems. Real estate is an example of a rental system that produces a recurring monthly income</li><li>Computer/software systems. The internet and software programs have created more millionaires than any other system in history</li><li>Content systems. Content systems are systems of information. They include books, blogs, and social networks</li><li>Distribution systems. These are systems that move products to the masses. An example is Amazon</li><li>Human resource systems. Systems that are run by people. Sometimes they can work in conjunction with other systems</li></ul>

The Five Fastlane Business Seedlings

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.

Tips For Making Better Decisions

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 fundamental F’s:<ul><li>Family (relationships). Wealth is strong spirited familial relationships with people.</li><li>Fitness (health). Fitness includes health, vibrancy, passion, and boundless energy .</li><li>Freedom (choice). Freedom is the ability to pursue your dreams and do what you love.</li></ul>

True Wealth Isn’t Having A Bank Balance

The Fastlane mindset: <ul><li>Debt perception: Debt is useful as it allows one to grow their system</li><li>Time perception: Time is far more important than money</li><li>Education perception. Learning is important for growth</li><li>Money perception. Money is everywhere. It reflects the value you create</li><li>Primary income source. Business systems and investments</li><li>Primary wealth accelerator. Making something out of nothing</li><li>Wealth perception. Build business systems for cash flow and asset valuation</li><li>Destination. A lifetime of passive income. Life is what you make of it.</li><li>Life perception. Dreams are worth pursuing no matter how outlandish</li></ul>

The Three Road Maps To Wealth: The Fastlane Roadmap

Slowlane mindset:<ul><li>Debt perception: Debt is evil.</li><li>Time perception: Time is abundant</li><li>Education perception. Educations is important as it helps earn more dollars</li><li>Money perception. Each and every dollar must be accounted for because money is scarce</li><li>Primary income source. A job is the primary source of income</li><li>Primary wealth accelerator. Compound interest</li><li>Wealth perception. Savings, investments, and 401K</li><li>Destination. Comfortable retirement in the twilight years</li><li>Responsibility and control. Works to provide for the family by relying on others.</li><li>Life perception. Settle for less, and give up on any dreams</li></ul>

The Three Road Maps To Wealth: Mediocrity- The Slowlane

"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!"

"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."

Wealth = (Primary Income Source: Job) + (Wealth Accelerator: Market Investments) When in the Slowlane, you mindlessly trade your life for a paycheck.

The Slowlane Roadmap Equation

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 “magnitude” are implicit to our “net profit” variable. NET PROFIT = Units Sold (Scale) X Unit Profit (Magnitude)

The Law of Effection

<ul>
<li>The commandment of need. Businesses satisfy the needs of people. Don’t chase money. Rather, look at how your business will help other people.</li>
<li> The commandment of entry. As entry barriers to a business fall, or lessen, the effectiveness of that road declines while competition in that field subsequently strengthens.</li>
<li>The commandment of control. Play in an organization that you control or you will be at the mercy of someone else.</li>
<li>The commandment of scale. Increase scale and magnitude in your business.</li>
<li>The commandment of time. Your business should detach you from your time.</li>
</ul>

The Five Fastlane Commandments

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 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.

The Fastlane

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.

Is the financial plan of mediocrity -- a dream-stealing, soul-sucking dogma known as "The Slowlane" your plan for creating wealth? You know how it goes; it sounds a lil something like this: "Go to school, get a good job, save 10% of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks mocha lattes, save and penny-pinch your life away, trust your life-savings to the stock market, and one day, when you are oh, say, 65 years old, you can retire rich." The mainstream financial gurus have sold you blindly down the river to a great financial gamble: You've been hoodwinked to believe that wealth can be created by recklessly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. This impotent financial gamble dubiously promises wealth in a wheelchair -- sacrifice your adult life for a financial plan that reaps dividends in the twilight of life. Accept the Slowlane as your blueprint for wealth and your financial future will blow carelessly asunder on a sailboat of HOPE: HOPE you can find a job and keep it, HOPE the stock market doesn't tank, HOPE the economy rebounds, HOPE, HOPE, and HOPE. Do you really want HOPE to be the centerpiece for your family's financial plan? Drive the Slowlane road and you will find your life deteriorate into a miserable exhibition about what you cannot do, versus what you can. For those who don't want a lifetime subscription to "settle-for-less" and a slight chance of elderly riches, there is an alternative; an expressway to extraordinary wealth that can burn a trail to financial independence faster than any road out there. Why jobs, 401(k)s, mutual funds, and 40-years of mindless frugality will never make you rich young. Why most entrepreneurs fail and how to immediately put the odds in your favor. The real law of wealth: Leverage this and wealth has no choice but to be magnetized to you. The leading cause of poorness: Change this and you change everything. How the rich really get rich - and no, it has nothing to do with a paycheck or a 401K match. Why the guru's grand deity - compound interest - is an impotent wealth accelerator. Why the guru myth of "do what you love" will most likely keep you poor, not rich. And 250+ more poverty busting distinctions... Demand the Fastlane, an alternative road-to-wealth; one that actually ignites dreams and creates millionaires young, not old. Change lanes and find your explosive wealth accelerator. Hit the Fastlane, crack the code to wealth, and find out how to live rich for a lifetime.

moneyandinvestments

Money & Investments

business

Business

books

Books

10TH ANNIVERSARY EDITIONIs the financial plan of mediocrity -- a dream-stealing, soul-sucking dogma known as &quot;The Slowlane&quot; your plan for creating wealth? You know how it goes; it sounds a lil something like this:&quot;Go to school, get a good job, save 10% of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks mocha lattes, save and penny-pinch your life away, trust your life-savings to the stock market, and one day, when you are oh, say, 65 years old, you can retire rich.&quot;The mainstream financial gurus have sold you blindly down the river to a great financial gamble: You've been hoodwinked to believe that wealth can be created by recklessly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. This impotent financial gamble dubiously promises wealth in a wheelchair -- sacrifice your adult life for a financial plan that reaps dividends in the twilight of life. Accept the Slowlane as your blueprint for wealth and your financial future will blow carelessly asunder on a sailboat of HOPE: HOPE you can find a job and keep it, HOPE the stock market doesn't tank, HOPE the economy rebounds, HOPE, HOPE, and HOPE. Do you really want HOPE to be the centerpiece for your family's financial plan?Drive the Slowlane road and you will find your life deteriorate into a miserable exhibition about what you cannot do, versus what you can. For those who don't want a lifetime subscription to &quot;settle-for-less&quot; and a slight chance of elderly riches, there is an alternative; an expressway to extraordinary wealth that can burn a trail to financial independence faster than any road out there.Why jobs, 401(k)s, mutual funds, and 40-years of mindless frugality will never make you rich young. Why most entrepreneurs fail and how to immediately put the odds in your favor. The real law of wealth: Leverage this and wealth has no choice but to be magnetized to you.The leading cause of poorness: Change this and you change everything.How the rich really get rich - and no, it has nothing to do with a paycheck or a 401K match.Why the guru's grand deity - compound interest - is an impotent wealth accelerator.Why the guru myth of &quot;do what you love&quot; will most likely keep you poor, not rich. And 250+ more poverty busting distinctions...Demand the Fastlane, an alternative road-to-wealth; one that actually ignites dreams and creates millionaires young, not old. Change lanes and find your explosive wealth accelerator. Hit the Fastlane, crack the code to wealth, and find out how to live rich for a lifetime.

MJ DeMarco is an accomplished writer whose work has resonated with readers around the world. MJ DeMarco has published several books that explore a range of topics, from fiction to nonfiction, and has received critical acclaim for the ability to weave compelling narratives. MJ DeMarco's writing style is known for its depth and authenticity, and has earned quite a loyal following of readers.

The Importance Of Speed

Similar ideas to The Importance Of Speed

Wealth Is Not A Road, But A Road Trip

Other Tips From Jordan Peterson For a Better Life

The Importance Of Commitment Signs