The Millionaire Fastlane

Description

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime is a challenge by MJ DeMarco towards most of the traditional approaches towards building wealth and becoming financially independent. The classic save, wait, invest, wait until retirement and reap is going to take a hard turn from what MJ DeMarco says – proposing an extremely more aggressive, entrepreneurial approach toward gaining financial success.

Some key points are as follows

There are three paths to wealth according to DeMarco, the Sidewalk or living paycheck to paycheck, the Slowlane-the traditional save and invest approach-and Fastlane or entrepreneurial scalable ventures. According to DeMarco, Fastlane has more wealth-generating potential than any other way to gain freedom.

Control : In the Fastlane philosophy, establishing businesses or streams of income that can blow up exponentially defines control over your own destiny, versus relying on job security or the passivity of other investments.

Value Creation : In his philosophy, DeMarco further emphasizes creating value for others as central to becoming wealthy. Successful entrepreneurs focus on solving problems and filling needs in the market.

A book introduces a formula for wealth: Wealth = (Net Profit + Asset Value) / Time. DeMarco encourages readers to seek ways to increase net profit and asset value while minimizing time spent on unproductive activities.

Mindset Shift: Fastlane lies at the heart of taking risks, innovativeness, and learning. DeMarco gets the reader over his fears and out of the shackles of what is possible or what is not.
The Millionaire Fastlane brings candid insight and practical advice toward reawakening wealth as a financially free outcome achievable through entrepreneurship and creativity with calculated risk-taking.