The Millionaire Fastlane
The millionaire Fastlane: Contrary to what many “money experts” say about getting rich slowly over 40 years, there’s actually a quicker way to wealth. It’s like a fast road that shows how MJ DeMarco, a guy who began with nothing, became a multimillionaire and retired at just thirty.
The Millionaire Fastlane MJ DeMarco, Viperion Publishing, 2011, (321 pages, Paperback, English).
Summary of The Millionaire Fastlane
The author of this book The Millionaire Fastlane MJ DeMarco, introduces himself and challenges the common idea of being cautious with money. He’s a millionaire entrepreneur who runs a top limousine rental company in the U.S. What makes him stand out is that he sold and then successfully bought back his business. He has a direct and unconventional style, not following the typical money advice. You can get a sense of his approach by checking out his YouTube channel. DeMarco, who loves cars, likens the journey to wealth as a “road trip” and identifies three paths: the roadside, the slow lane, and the fast lane.
Part 1: Wealth in a wheelchair: “getting rich slowly” means “being wealthy and bed-ridden”!
The idea that you can get rich by saving a little bit at a time is a big lie. Do you really believe the person in the fancy seaside house with a yacht and luxury cars got there by pinching pennies and using coupons their whole life? Despite the obvious answer, many people are fooled by the false promise of slow and steady wealth-building—a risky and lengthy journey that might only pay off in old age. The “get rich slowly” path relies on factors we can’t control and forces us to live a very frugal life, giving up our dreams in the hope that we might enjoy them many decades later.
The 90 seconds that changed MJ DeMarco’s life and the discovery of the millionaire fast lane
When MJ DeMarco was young, he saw a guy parking a fancy Lamborghini and, curious, asked what he did for a living. The man said he was an inventor. Since that moment, DeMarco was determined to find the path that allowed someone to own such an expensive car. However, his journey wasn’t easy. Despite various disappointments and low-paying jobs, he found hope when working as a limousine driver. Listening to his passengers, he discovered a fast lane to wealth that didn’t involve inheritance or winning the lottery.
One winter evening, with $900 and an old mattress, he left his hometown for Phoenix. There, he started his first limousine rental business online, became successful, and sold it for $250,000. Thinking he was rich, he soon realized he was in debt and had to sell everything. This marked the beginning of his discovery.
Part 2: Wealth is more a trip than a road
Now, things are getting serious. Even though he spent his money, MJ DeMarco was fueled by the belief that quick wealth was possible. He caught a glimpse of the formula for the fast lane to wealth. Now that MJ DeMarco’s story has begun, it’s time for YOUR story to start!
Here’s the battle plan:
Learn about the distinctions and habits of the three paths: the roadside, the slow lane, and the fast lane.
YOU are the vehicle. It’s about the fuel you need, nurturing your engine to avoid pitfalls, and having a windshield to protect against obstacles.
Your route options:
Some routes are faster than others. Inventing something is quicker than relying on a salary. Entrepreneurship pays more than just changing jobs. Investment, invention, and replication are the most direct paths to wealth.
Speed is your ability to turn ideas into action. Many fail here. You won’t reach your destination without speed.
All these components are in The Millionaire Fastlane. The basic principle remains the same: Getting into the fast lane is a state of mind that needs determination, work, and a constant change of perspective on the business world.
Think in terms of process and work, creation over consumption, and control rather than delegation. This mindset shift can be challenging but is crucial. After asking specific questions about your views on money and wealth, the author explores the available routes for you to consider.
Part 3: Poverty: the roadside route
Most people follow the roadside in life, a financial path with no clear destination and marked by certain behaviors. Here are some telltale signs:
- You haven’t learned anything new since leaving school.
- You frequently change jobs.
- You believe politicians should change the system instead of changing yourself.
- Living paycheck to paycheck while waiting for the next one (although not everyone does this).
- Regularly buying lottery tickets and spending money in casinos.
- Being easily impressed and seeking to impress others.
In The Millionaire Fastlane, MJ DeMarco describes these points with sharp humor to help you see how these behaviors can lead to poverty. Giving money to people on the roadside often results in more poverty. Think about lottery winners who squander their winnings or MJ DeMarco himself, who initially sold his company to buy expensive clothes and cars on credit!
Someone on the roadside lacks a wealth plan. Even if they accidentally become rich, their money management habits won’t change. For example, living a €1500-a-month lifestyle when you earn only €1000 clearly puts you on the roadside. In this case, credit is used to boost income rather than being seen as a problem.
The illusion of wealth: to look rich
As told in The Millionaire Fastlane MJ DeMarco faced misfortune despite earning $250,000 from selling his business because he prioritized buying things he couldn’t afford without a clear plan. The roadside choices led him to financial struggle.
DeMarco criticizes the harmful effects of consumer culture and emphasizes the true meaning of wealth. It’s about rich relationships, good health, freedom, and not just material possessions.
Money does not bring happiness….and poverty?
The three key elements of wealth are freedom, health, and relationships. Using money wisely enhances this wealth trinity. Money can buy time, which boosts your freedom. For instance, when your boss pays for your time, it increases their freedom.
Although money can’t directly buy happiness, it can contribute to happiness by securing health and fostering good relationships. Relying too much on consumption, constantly buying more, diminishes your freedom. The more you depend on a consumption-heavy lifestyle, especially if your income source disappears (like just having a salary in the roadside case), the less free you become.
The roadside approach makes us rely on false promises, like DVDs claiming quick riches or expensive seminars promising stock market success. MJ DeMarco doesn’t claim making money is easy; he says the process can be fast, which is quite different.
Those on the roadside focus on the end goal (profits), while The Millionaire Fastlane guides you to concentrate on the necessary process, initially overlooking the result.
The law of the victim
Imagine this: “Hitch-hikers don’t drive.” MJ DeMarco uses this metaphor to highlight the mindset shift needed to move from the roadside to the fast lane of fortune.
Being on the motorway means you have to drive, and if you’re walking on the roadside, you’re not driving. Driving implies taking responsibility and stopping the victim mindset. It’s nothing new; we all know that playing the victim won’t make you rich.
What gets interesting is when MJ DeMarco gives practical points to work on and warns against starting blocks that lead to victimization. Just existing doesn’t mean you automatically deserve anything. According to MJ DeMarco, the roadside is full of selfish narcissists.
A key point he stresses is maintaining control of your road, your vehicle, and your direction. MJ DeMarco strongly discourages delegating your financial future to others. You should be the one in control of your vehicle!
Part 4: Mediocrity: the slow lane
The lie that you have been sold: the slow lane
Hold on tight because in The Millionaire Fastlane MJ DeMarco is about to challenge the common money advice we usually hear!
For those cruising in the slow lane, wealth is thought to be:
Wealth = market value + compound interest
Here are the main things slow laners believe:
- Going to school
- Getting good grades
- Being frugal is good
- Skip Starbucks
- Pay yourself first
- Overtime is welcome
- Quickly pay off your house
- Use discount vouchers and cashback
- Invest in safe assets and hold onto them for life
- Save 10% of your income
- Your home is an asset
This thinking is quite common in France, and it’s a big part of what’s sold to us as “progressive enrichment.” The issue is that this plan takes decades and is riskier than entrepreneurship!
In the slow lane, you basically trade two days of freedom (Saturday and Sunday) for five days of hard work (Monday to Friday). This means sacrificing your prime youth years in the hope of a better life later, but a plan that takes so long and depends on so many factors beyond your control is risky. Economic conditions or unexpected job layoffs can quickly throw a wrench into the works.
The criminal trade-off: your Job
Here are four common mistakes people make when earning a salary:
- Slow Wealth Growth: Even with high salaries, getting rich isn’t quick. MJ DeMarco shows, with simple math, that even a specialized doctor would take 105 years to save $1 million by putting aside 10% of their income. Time is super valuable because it’s limited, and any job linked to time is inefficient for getting rich.
- Lack of Experience: Experience doesn’t just come from your job; it comes from what you do in life. What’s more likely to make you rich? Doing routine tasks at work or gaining experience from your own creations and growth that can lead to financial independence?
- Lack of Control: Being an employee is like riding in the back of a pickup truck. Any sudden jolt, like being fired or falling ill, can throw you out.
- Paying Yourself Last: Despite personal finance gurus advising to pay yourself first, it’s challenging if you’re on a salary. The company will always prioritize itself. If everyone else gets your money first, and you have to save what’s left after deductions, getting rich quickly becomes unlikely!
The slow lane: why you are not rich
In this part of The Millionaire Fastlane MJ DeMarco breaks down the idea that investing €10,000 now will magically turn into €2.5 million in 40 years with a 15% interest return. Depending solely on compound interest to get rich is just a trick.
Compound interest relies on time, and as you learned earlier, anything linked to time limits wealth. Plus, predicting return rates, especially over a long time, is tricky.
Interestingly, those famous money experts preach a strategy they don’t follow themselves. They don’t become millionaires by using coupons, pursuing higher degrees, or relying on compound interest. Their wealth comes from the methods they sell—methods that put them in the fast lane.
Part 5: The wealth map: the fast lane
Now that we’ve realized the limitations of the slow money approach, it’s time to dive into the renowned millionaire fast lane. Many things we thought were true are now being reconsidered.
Unlike the slow lane, which relies on a salary, the fast lane is all about an entrepreneurial system. The wealth formula here is:
Wealth = net income + asset value
This means working with two things: net income and asset value. Net income is calculated by multiplying units sold by earnings per unit. For example, if you’re selling products online, you can create wealth by increasing the number of units sold (through good marketing and results) and/or by raising the product price. Unlike a salary and compound interest, these two elements can be influenced without being tied to time!
In The Millionaire Fastlane MJ DeMarco’s example, a mere 1% increase in sales brought in $480 a day, totaling $14,400 a month! Compare that to how long it would take an employed manager to reach this amount. And by raising the price by just $0.5 per sold product, earnings jumped from $8,000 a day to $10,800, adding an extra $84,000 per month!
The key here is recognizing the importance of these levers when you create and offer things to people. The fast lane is all about understanding consumer needs and meeting them.
Do you need to be passionate? No! This might sound contradictory, but passion doesn’t necessarily fill your wallet. What fills it is the “money tree” you create.
The 5 entrepreneurial models most eligible for the fast lane
In this part of The Millionaire Fastlane MJ DeMarco has handpicked five types of “money trees” for you to grow in the fast lane to fortune:
- Rental Systems:
Think of investments in rentals, patents, or trademarks. It’s the idea of earning by renting out something you own.
- Software or Programming Systems:
This involves creating things like iPhone apps or computer programs that people would pay for or use.
- Information Systems:
These are like blogs that sell services. Pretty straightforward, right? It’s about sharing valuable information and making money from it.
- Affiliation, the Franchise:
This is like setting up a network marketing system where you pay others to sell your products, and they get a commission. It’s a way of expanding your reach.
- Human Resource Systems:
MJ DeMarco gives an example of a reader who has several fully managed storage warehouses across the country. It’s about creating a system where others work for you and contribute to your success.
The real law of wealth
To maximize your wealth, you should focus on two things:
- Amplitude (Number of Units Sold):
This is about how many products or services you can sell. To make millions, you need to reach millions of people. If you have a shop in your town, your reach is limited. If you have two, it doubles. But if you sell your products online, your potential reach is global!
- Magnitude (Sale Price):
This relates to the price at which you sell your products or services. To influence this, you need to create value and constantly improve what you offer. You should also provide services that your competitors don’t. Additionally, there are marketing techniques that can help increase the price per unit.
In simple terms, it’s about selling to more people (amplitude) and offering valuable products or services at a good price (magnitude).
Part 6: Your vehicle: you!
The power of choice
The direction you take and how you navigate life’s challenges are influenced by the choices you make, much like the way you clear your windshield while driving on the highway. Embracing responsibility and steering clear of a victim mentality mean confronting the repercussions of every decision.
Throughout his journey, MJ DeMarco developed two tools to confront pivotal choices, which he generously shares in this chapter. The first tool involves examining “the worst possible scenario,” encompassing three key questions that demand swift answers when faced with difficult choices and limited time for contemplation:
- What is the worst possible consequence of this choice?
- What is the probability of this consequence?
- Is it an acceptable risk?
These questions require responses within a matter of seconds. For decisions that demand more time, DeMarco introduced his second tool – the decision analysis matrix. Rooted in common sense, this matrix excels at providing optimal solutions for making significant decisions.
Illustrating with a personal example, the author walks us through the application of this renowned matrix. During a period of profound depression, he grappled with a challenging choice that held serious consequences for his future – whether to remain in Chicago or relocate far south to Phoenix, Arizona.
Next, complete the “factors” column by listing crucial elements to take into account when arriving at your decision. The following is an example he provides:
|Cost of living|
|Proximity to family|
Having identified the key factors to consider for the impending decision, the next step involves determining their significance by assigning a coefficient ranging from 1 to 10 to each of them.
This is what it looked like for MJ DeMarco:
|Cost of living (6)|
|Economic situation (2)|
|Local taxes (7)|
|Proximity to family (7)|
As evident, MJ DeMarco doesn’t attribute equal importance to all factors, and the same holds true for you. Now, it’s crucial to determine their respective weights. In essence, this matrix somewhat resembles the format of our traditional school reports!
After completing this step, the next task is to be forthright and assign points to each of the two (or more) options. Here’s an illustration of how MJ DeMarco approached this process.
|Climate (10)||2 (20)||8 (80)|
|Cost of living (6)||5 (30)||7 (42)|
|Schools (3)||2 (6)||5 (15)|
|Economic situation (2)||6 (12)||4 (8)|
|Local taxes (7)||6 (42)||7 (49)|
|Security (4)||3 (12)||6 (24)|
|Activities/hobbies (8)||5 (40)||2 (16)|
|Proximity to family (7)||10 (70)||0 (0)|
In the table above, the numbers in parentheses show the total points calculated by multiplying each factor’s coefficient. At the bottom of the table, you’ll find the totals, which reveal the best choice based on your criteria. It’s all laid out for you in black and white.
Even though some factors strongly favored Chicago for MJ DeMarco (like proximity to family, activities, and hobbies), the final decision points to moving to Phoenix. With just a 2-point difference, the author took the plunge and encourages us to do the same, steering clear of “no choices” and not letting fear dictate our decisions.
Remember, this matrix is a last resort for significant decisions about your overall future. It doesn’t make sense to use it for every small decision. For those, MJ DeMarco suggests relying on the worst-case scenario analysis.
Change the way the wind blows.
Here’s advice you often come across in blogs and personal development tips: to succeed, you might need to distance yourself from certain negative relationships, even if they’re close to you.
Whether it’s due to fear, jealousy, or concern for your well-being, even those you care about can slow down your progress on the road to success. These individuals could be:
- Friends and family who don’t understand your goals.
- The education system promoting a traditional job-focused life.
- Parents who believe wealth is for others.
- Wealth experts making distant predictions about investments.
- Your overall environment.
Don’t hesitate to close the door on these “headwinds.” Instead, seek out positive influences that align with your goals, like successful people in your field or entrepreneur clubs. The people you encounter on your journey are like comrades in a battle. They can either save you, help you survive, or pose a threat. Choose wisely with this in mind.
Your essential fuel: time
Think of time as your most valuable treasure. Unlike money, which seems limitless, time is finite.
To explain this idea, the author mentions a scene from the Titanic movie. As the ship sinks into the icy sea, the wealthy passengers desperately rush to the lifeboats. Some try to purchase their way onto a boat from the ship’s officer.
His response is powerful: “Your money can’t save you more than me!” Entrepreneurs in the fast lane to success understand the significance of time just like that. You should too, instead of spending an hour waiting in line for free chicken wings!
Change your oil regularly!
Think of your education as the engine oil for your car. Contrary to what many people believe, learning doesn’t stop when you get your degree; it actually begins at that point!
Acquiring useful knowledge for your business or your “money tree” is crucial. Nowadays, there’s no excuse not to keep learning throughout your life because information is readily available in libraries, on the internet, and in high-quality specialized forums.
Education acts as a powerful tool that distinguishes between a vehicle (you) reaching its destination (wealth) and one that breaks down in the middle of the road.
Finally, in The Millionaire Fastlane , MJ DeMarco provides some tips on how to educate yourself without breaking the bank and teaches us to differentiate between good and bad intellectual investments. Just like paying too much to change your oil is counterproductive, it’s essential to recognize the difference between something contributing to your goal and a waste of time and money.
The red line: the accelerator
Here’s the core challenge for many entrepreneurs, especially those in the online world: Are you willing to go beyond the town’s traditional speed limit and hit the highway speed?
Imagine driving at 50 km/h; it would take forever to reach your destination. This metaphor captures the essence of the difference between success and failure. Stepping on the gas means taking action, more action, and even more action. Consider the value of your ideas as starting at 0. The author even likens good ideas to brain farts! The critical factor is your ability to turn these ideas into a practical plan.
Ask yourself: Are you just “interested” or genuinely “invested” in your entrepreneurial venture? The highway is only open to those who are truly invested; you don’t drive at 50 km/h on the highway.
- Every time you say “one day,” you’re hitting the brakes.
- Waiting for the perfect moment before launching something also puts your foot on the brakes.
- Perfect timing rarely exists, and success favors those who seize the moment, not those who wait for it.
Many entrepreneurs leave their cars in the garage and never take the plunge. According to MJ, there’s a distinction between taking risks for fun and taking intelligent and calculated risks, where the potential gains far outweigh possible losses.
Part 7: the road to riches
Imagine your business is a car, ready to go, the road is clear, and you step on the gas. But where is your business headed—to wealth or the edge of a cliff?
In this part, your intentions and the strength of your idea will be evaluated. It’s not just about having the right mindset; you need a project that makes sense.
Here are the five key principles for an idea to be considered for the millionaire fast lane:
- The Need Commandment: Your idea must address a genuine need in the market.
- The Entry Commandment: There should be a feasible entry point for your business in the market.
- The Control Commandment: You need to have control over your business and its processes.
- The Ladder Commandment: Your business should offer scalability and growth potential.
- The Time Commandment: Your business shouldn’t demand excessive time without the potential for significant returns.
The need commandment
The first and most crucial commandment is the “Need” commandment. Does your business or idea meet a real need? Does it make life easier or more challenging?
One big mistake people make when starting something new is trying to “make money” primarily, which is selfish and goes against the need commandment. To attract money, you should focus on providing a service and meeting demands, putting future results aside. Once again, the key is to concentrate on the process rather than the results.
Another misconception to dispel is the idea of “Do what you like.” Consider this: Would people pay to watch you do what YOU love? This only happens if what you enjoy doing fulfills an expectation or addresses a need for your customers! Moreover, turning your passions into work might take away the pleasure you find in them, unless you’re the best at your passion and turn it into a full-time job.
Furthermore, unless your passions are exceptionally rare, they often lead to highly competitive activities with limited profit potential. The important thing is to make your journey your passion rather than steering your path toward your passion. The nuance here is crucial.
The entry commandment
How easy is it for others to start a business like yours? Are there a lot of obstacles (like needing special education) or could anyone easily start the same business as you?
If it’s simple for others to copy what you’re doing, competition increases, and your path becomes less sturdy. So, you need to either find a different route or make yours stronger by adding unique expertise that’s not easy to copy.
Be cautious of trends like “everyone does it” because it suggests high competition, low profit margins, and it’s tough to stand out. DeMarco suggests that a niche market requiring some expertise is more viable than generic lessons, like a DVD on how to succeed in the stock market.
For instance, anyone can create and sell a DVD on basic stock market learning. Since “everyone” wants to get rich, the market is highly competitive, and entry barriers are low (anyone can create lessons without much expertise).
So, does your “money tree” idea have strong or weak barriers to entry? Are you entering a crowded or a specific market?
The control commandment
Are you in charge, or do you follow others? Are you the leader of your business, or do you let others take the lead?
Consider whether your project depends on the actions of others, or if you have control of your vehicle. Are you driving, or are you just along for the ride?
Once you figure out if you’re the driver or passenger in your journey, be cautious. Followers might make some money, but leaders have the potential to earn a lot, and sometimes, a huge amount.
It’s crucial to build connections rather than just following them. Establish your brand instead of selling others’ brands. And most importantly, have the freedom to choose your direction without being influenced by others.
Affiliations belong to someone else’s journey, not yours. Aim to create something unique rather than just being a “sales rep” for others. Being a “sales rep” also goes against the entry commandment because anyone can do it!
The ladder commandment
Think about the reach of your business. Is it just around the corner, in your town, or does it stretch across the county, region, country, or even globally?
To make millions, you need to impact the lives of millions. Aim high and be ambitious. The internet is an excellent tool to reach a vast audience, but having a shop in your neighborhood limits you to your neighbors.
Try to reach as many people as possible. While the internet is an obvious choice, big chain stores reaching people on every continent also make millions, as do major brands in capital cities.
For example, if you invent something used by millions, its value doesn’t matter—you’ll be on the path to millions. MJ DeMarco lists many other options, but the idea is clear from these few lines.
The time commandment
As mentioned earlier, time is the most valuable asset. Is your idea connected to time? Can your business run automatically (without losing control)? Can you hire others for tasks that take a lot of time but aren’t essential?
Does your business let you make money even when you’re not working?
A business that’s tied to a specific time is essentially a job.
The three ‘I’s of the millionaire fast lane.
To amass millions, as the author emphasized in the control commandment, you must be a leader, not a follower. To achieve this, there’s the rule of three “I”s: Internet, Innovation, and Iterations. While using all three simultaneously isn’t mandatory, it can significantly boost your progress!
The Internet, as discussed earlier, allows you to reach a massive market and expand your products globally. It’s the best way to impact millions of lives worldwide.
Innovation is what keeps you ahead of the competition. Reinvest the money from your “money tree” into innovation and research to continually improve your services. The focus should be on better serving, serving more, and addressing more needs.
Iteration means trying again with the same goal by changing small details. When facing obstacles, persistence and adjusting details are key. Giving up at the first hurdle only slows you down.
If your business follows the five commandments mentioned earlier, the crucial factor is your ability to adapt and tweak details to meet the expectations of your prospects.
Iterations can also apply to other people’s products. Improving an existing product, like innovation, is a potent lever for wealth creation.
Seize opportunities and face challenges that you might not have considered before. When you were solely focused on “making money” instead of addressing a need, these opportunities might not have been apparent.
How do you find the right roads to the millionaire fast lane?
It’s straightforward. If you adopt the mindset the author recommends, you’ll uncover access roads.
Opportunities are everywhere. Pay closer attention:
- Whenever you or someone else says, “that’s not good…”
- Whenever you or someone else says, “It would be great if…”
- Likewise, with “I’m fed up with…”
- It’s similar when asking, “why does it work that way?”
- Whenever you (or someone else) feels frustration about a situation.
All these instances present opportunities to take an access road that might lead to the millionaire motorway!
Fix a final destination for your route
The motorway has a final stop, a place where your journey leads, and it’s crucial to try and figure it out.
Picture the life you dream of. Calculate the cost of everything necessary to live that dream life, whether it’s a home, vehicles, or passive income.
By doing this, you can estimate how much you need to earn during your journey. If you make this significant amount in 12 months, it becomes a highly motivating target!
Surprisingly, the dream life we often think of isn’t as financially overwhelming as we might imagine! A reachable final destination exists, and it’s your job to figure out how to reach it.
Additionally, make it a practice to save extra money. Keep in mind, this isn’t about saving for the sake of saving; it’s about setting up a motivational system where every hundred you save brings you closer to your ultimate goal.
Once you’ve established this routine of advancing each step, pause, and start creating your products and building your brand!
Part 8: Your speed!
In the final part of The Millionaire Fastlane MJ DeMarco emphasizes the risks of selling without taking heed of customer opinions.
Surprisingly, customers hold the key to your success or failure. Given their significant influence, every comment they make deserves careful attention.
There are four kinds of negative feedback that you must be aware of if you aim to achieve top speed on your fast lane.
- Complaints about Change:
Change is essential for business innovation, but it often leads to complaints. People tend to resist alterations to services they are comfortable with, even if the changes are for the better. These complaints are challenging as they’re often rooted in fear rather than genuine issues.
- Complaints about Expectations:
Customers may express dissatisfaction when their expectations are not met. This feedback signals a need for adjustments, whether in pricing, product upgrades, or changes to your marketing strategy. Addressing these concerns is crucial for maintaining customer satisfaction.
- Complaints about Disappointments:
While hurtful, feedback highlighting product shortcomings provides valuable insights. Treat each disappointment as an opportunity for improvement and a chance to enhance your product. Ignoring these complaints may open doors for competitors to capture your market share.
- Fraudulent Activity:
Although not complaints in the traditional sense, dealing with fraudulent activities is part of the business landscape. Some individuals may attempt to acquire products without payment or exploit refund guarantees. Learning to handle these situations effectively is important to protect your business.
Conclusion of “The Millionaire Fastlane”
This book is awesome, especially for people who want to do their own business. It’s not like the usual self-help books; it’s more about starting and running a business.
The writer, MJ DeMarco, talks in a way that really makes you think. If you weren’t impressed with “The 4-hour week” or it’s not working for you anymore, you should check out “The Millionaire Fastlane.” It’s about getting rich quickly, but it’s not a cakewalk. DeMarco tells it straight and doesn’t sugarcoat things.
He makes you see wealth and business in a new light. It’s not just about dreaming big; you can’t just wish for things to happen. You need a certain way of thinking, and DeMarco guides you through it in the book.
The Millionaire Fastlane: Final thoughts
The book promises to teach you more in a couple of days than you’d learn in two years of business school, and I can vouch that it lives up to that claim.
The Millionaire Fastlane has several strengths that make it stand out. Similar to Tim Ferriss’s book, it has a captivating style that draws you in effortlessly. Written as a success story rather than a future plan, MJ DeMarco’s journey from scratch to multimillionaire adds credibility to the book.
Unlike books that sell dreams, The Millionaire Fastlane provides a realistic “road map” used by those who genuinely achieve wealth, all while maintaining the essence of hard work. The book is rich in content, advice, and infused with a sharp sense of humor, revealing what feels like well-kept “secrets.”
On the downside, the book is tailored for an American audience, making some examples less relevant for readers outside the U.S. Additionally, the author’s tone is occasionally informal, and even proficient English speakers might find themselves reaching for the dictionary to grasp the essence of certain sentences. Lastly, DeMarco can be quite direct without offering apologies, which might be off-putting for some readers, though it wasn’t an issue for me. Overall, with 321 pages of pure content, The Millionaire Fastlane has the potential to be a life-changing read.
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