The Millionaire Fastlane (Book Review)

knowledge

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

author: MJ DeMarco

what you’ll learn: the foundations of getting rich fast (it won’t be instantaneous, but you’ll be rich much quicker than your average corporate drone)

Why You Must Read It

Right now, you’re probably groaning. Alex, you’re reviewing another book on getting rich? How many books do I have to read?

Trust me, my friend … each book serves its own unique purpose.

How to Get Rich: One of the World’s Greatest Entrepreneurs Shares His Secrets shows you what being rich is really like and the sacrifices you will have to make to get there.

The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich defines what being rich really means and gives meaning to your pursuits.

The Education of Millionaires: Everything You Won’t Learn in College About How to Be Successful teaches you what are the most important skills you should learn to get rich.

And now, The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime lays the foundation for getting rich quick.

Overall, The Millionaire Fastlane reveals very good reasons why you should not live your life based on the outdated, old-fashioned, Industrial Age mantra: be a good worker and save a little bit every year. If you wanna be rich while you can still enjoy life (and not when you’re deteriorating in a nursing home), you cannot depend on a job and a 401k.

Instead, you will need to create your own way and to get onto the fastlane.

There is no step-by-step formula for wealth. It won’t tell you exactly which roads you will have to take. (No two people ever earned the millions exactly the same way.) But it will teach you the next best thing: a guideline to make sure you’re on the right path — the fast path to $$$.

Basically, there are two main criteria to make sure your road will lead to wealth:

First, the fastlane must meet the Law of Effection.

Second, the fastlane must not violate the five commandments:

  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

But this book is a lot more than mere guidelines. By reading it, you will lay your mental foundations to prosperity. Anyone who wants to roll in the dough should know everything in this book.

Sadly, more people dream of getting rich rather than taking the appropriate steps to do so. That is why for many people, their dreams and reality are totally different. (Hopefully, you’re not one of them no-action dreamers.)

So what will you get from it? In The Millionaire Fastlane, you will learn about:

  • the personal story of how author went from broke-as-a-joke to rich-as-Scrooge-McDuck

  • what the “sidewalk” is and how you can avoid it

  • what the “slowlane” is and how you can avoid it

  • what the “fastlane” is and how you can get on it

  • what the Law of Effection is

  • what the Commandment of Need is

  • what the Commandment of Entry is

  • what the Commandment of Control is

  • what the Commandment of Scale is

  • what the Commandment of Time is

  • and more

Just one word of warning though … Although you’ll get rich much quicker than an average office drone slaving away in a 9-5 job, it won’t be easy. If you’re looking for easy, this is not the book for you.

But if you’re willing to bust your butt to make sure you can enjoy the fruits of your labor while you’re still relatively young, you’ll definitely wanna read it and lay the foundations to your financial success … now!

Table of Contents

PART 1 – Wealth in a Wheelchair … “Get Rich Slow” is Get Rich Old

  • 1. The Great Deception
  • 2. How I Screwed “Get Rich Slow”

PART 2 – Wealth is Not a Road, But a Road Trip

  • 3. The Road Trip to Wealth
  • 4. The Roadmaps to Wealth

PART 3 – The Road Most Traveled: The Sidewalk

  • 5. The Sidewalk Roadmap
  • 6. Has Your Wealth Been Toxified?
  • 7. Misuse Money and Money Will Misuse You
  • 8. Lucky Bastards Play the Game!
  • 9. Wealth Demands Accountability

PART 4 – Mediocrity: The Slowlane Roadmap

  • 10. The Lie You’ve Been Sold: The Slowlane
  • 11. The Criminal Trade: Your Job
  • 12. The Slowlane: Why You Aren’t Rich
  • 13. The Futile Fight: Education
  • 14. The Hypocrisy of the Gurus
  • 15. Slowlane Victory … A Gamble of Hope

PART 5 – Wealth: The Fastlane Roadmap

  • 16. Wealth’s Shortcut: The Fastlane
  • 17. Switch Teams and Playbooks
  • 18. How the Rich Really Get Rich!
  • 19. Divorce Wealth from Time
  • 20. Recruit Your Army of Freedom Fighters
  • 21. The Real Law of Wealth

PART 6 – Your Vehicle to Wealth: YOU

  • 22. Own Yourself First
  • 23. Life’s Steering Wheel
  • 24. Wipe Your Windshield Your Clean
  • 25. Deodorize Flatulent Headwinds
  • 26. Your Primordial Fuel: Time
  • 27. Change That Dirty, Stale Oil
  • 28. Hit The Redline

PART 7 – The Roads to Wealth

  • 29. The Right Road Routes to Wealth
  • 30. The Commandment of Need
  • 31. The Commandment of Entry
  • 32. The Commandment of Control
  • 33. The Commandment of Scale
  • 34. The Commandment of Time
  • 35. RAPID WEALTH: THE INTERSTATES
  • 36. Find Your Open Road
  • 37. Give Your Road a Destination!

PART 8 – Your Speed: Accelerate Wealth

  • 38. The Speed of Success
  • 39. Burn The Business Plan, Ignite Execution!
  • 40. Pedestrians Will Make You Rich!
  • 41. Throw Hijackers to the Curb!
  • 42. Be Someone’s Savior
  • 43. Build Brands, Not Businesses
  • 44. Choose Monogamy Over Polygamy
  • 45. Put It Together: Supercharge Your Wealth Plan

Choice Excerpt

Education’s Role

Education is virtuous under both Slowlane and Fastlane roadmaps, but their roles are profoundly different. In the Slowlane, education is used to elevate intrinsic value, while in the Fastlane it is used to facilitate and grow the business system. Also, Fastlane education is secured by methods that do not produce parasitic debt or conformity. The purpose of education within the Fastlane is to amplify the power of the money tree and the business system. You’re not a cog in the wheel; you learn to build the wheel.

For example, if I go to a training seminar that gives me skills to “hire top-gun sales people,” I’m engaged in activities that specifically enhance the fertility of my business and my money tree. If I read a book on a new computer technology that illustrates how to create new interactive Web site features, I’d be learning to facilitate the system. Again, Fastlane education is to foster growth of the business system. Conversely, Slowlane education is designed to specifically enhance the intrinsic value of the person receiving the education. It is to become a gear in the system.

A Fastlane Forum user had an opportunity to pursue an MBA and he asked if it was worth it. My answer typically would be no, but this scenario was different. First, the MBA had no money cost, only time cost, as the government was paying for it. Second, this gentleman espoused the Fastlane ideology so his purpose was not intrinsic value elevation, but expansion of his knowledge to facilitate a Fastlane system. I voted yes.  

“I Don’t Know How!”

If an oil change puts your car on a lift for months or years, what’s the point? Your continued education must not come laden with conformity or parasitic debt, but must facilitate your Fastlane system. How?  Make the real world your university. Yes, you are your own university.  

Ask any successful entrepreneur and they will validate this truth: You learn from engagement, from doing, and from getting out and taking repeated action, more so than from any book or professor.

But “I don’t know how!” you cry.  

Oh, stop. Public enemy No. 1 on the most used excuses list is, “I don’t know how!”  

Well, why don’t you know how? I’ll tell you why.  

You don’t know because you haven’t taught yourself how, nor have you wanted to “know how” badly enough. You see, it is easier to relent under the weight of “I don’t know how” than it is to actively pursue the knowledge. In today’s information society, there is absolutely no excuse not to find out how.  

I graduated from college with two business degrees, marketing and finance. Neither of them was related to computer science. I graduated with no computer programming experience. Yet I made my millions on the Internet.  

Funny, after 13 years of expensive institutional education, I NEVER took a formal class about the Internet or Web technologies. Heck, my computer classes were limited to introductory business courses. If I didn’t go to school to learn the Internet, how the heck did I learn and become educated within this skill set? I sought to change my oil frequently. I educated myself. I read books. I hit the library. I spent hours on the Web and read articles, tutorials, wikis. I sought and consumed knowledge.  

Years ago, when I started my career with Internet media, I could have easily quit and leaned on the obvious: I don’t know how! I don’t know how to program a Web site! I don’t know how to design graphics! I don’t know how to manage a server! I don’t know how to write marketing copy! These excuses are like a plastic bag ready to smother your dreams, but only if you stick your head in the bag. Instead, my vision of a Web site didn’t end with “I don’t know how,” but started there. So, get your head out of the bag!  

Had I not refreshed my skill set (my oil), my journey would have stalled. My religious pursuit of knowledge kept me efficient in an ever-changing world and primed me for Fastlane opportunities. Education didn’t end with graduation, it started. And best of all, my self-taught education was a twin -turbo acceleration into the Fastlane; my skills didn’t come loaded with parasitic debt or conformity.

Get it now!

Trackbacks

  1. Getting Into The Millionaire Fastlane says:

    […] Overall, The Millionaire Fastlane reveals very good reasons why you should not live your life based … […]

Speak Your Mind

*

Current day month ye@r *