The Millionaire Fastlane by MJ DeMarco Review
I found this book The Millionaire Fastlane by MJ DeMarco while reviewing Tai Lopez 67 steps. No. Tai Lopez didn’t mention DeMarco at all. I was at DeMarco Fastlane forum reading a discussion about Tai Lopez.
I was utterly shocked that I didn’t know that there was a Fastlane Forum. Here was the first time I heard the name of MJ DeMarco.
If you meet a millionaire and can ask a question, what would you ask? That is a hard question for me to answer. I have no clue at what to ask. Maybe I’ll end up with a “How did you do it?” question. Somehow this book answers the how.
What is This Book About?
- Not your regular Financial and Business book. You will find that his idea of reaching a millionaire turns your world upside down.
- It is a tough love book. He teaches his way in straightforward words. No sugar coating. You will love him or hate him.
- A guide to becoming a millionaire. You will be given the formula that he used. No more secrets.
The Great Deception
If you are like me, you think that getting rich is something hard to achieve. I have been taught to work hard and eventually I will be rich.
When is that? In my 50 if I’m lucky enough, or in my 60. That’s absurd. That’s way too long. But I did it anyway. Now, I’m in my 40. I have not seen any riches in sight yet. I have another 10 years ahead of me, but I doubt I will make it. Certainly not if I do what I do now.
Time is the essence here.
DeMarco says you need to start early. When you are young. When you still have the time to experience failure. You will enjoy your millionaire status even better when you are young.
He gave me a picture. A 60 years old man driving a Lamborghini. Is it a suitable picture? Of course not. That’s why he urged us to start NOW.
But what about people of my age? Is there still a way?
Of course, there is. Just do not take the slowlane to riches. Get there FAST.
Get Rich Slow is really a great deception. There is a Get Rich Quick.
The Road to Riches Has a CERTAIN Formula
DeMarco told us that there are three type of roadmap to riches:
- Sidewalk Roadmap
- Slowlane Roadmap
- Fastlane Roadmap
This roadmap is for people that has no plans. Each money earned immediately spent on the next big thing. New iPhone, new laptop, new sunglasses, new watches, new sound systems, etc.
To make it even worse, they spend the money using borrowed money from “uncertain” future. They use credit cards. The mentality is I want it now. There is no preparation for the rainy day.
They do not appreciate time. They will chase a 10% discount across town and willing to wait on the queue for a long time for that discount!
They think that education is finished after graduating. No more book readings!
They will take job with the highest payment. They measure everything with things. (That’s why they buy things!)
They will blame others on everything. They never take responsibility (especially money wise).
Their formula is Wealth = Income + Debt
Are you on the sidewalk? You will never get rich.
For further information: Get The Millionaire Fastlane by MJ DeMarco from Amazon
This roadmap is for people that believe the old fairy tale. Go to school, get a good grade, get a good job, save your money in 401(k), buy stocks, and you will get rich.
They will count every dime. If there is a chance to extra money, they are willing to take double jobs. They will work, save, and invest. They hate debt.
They will pursue higher degrees. They think that a degree will raise their paycheck to the highest range.
Even though they take responsibility for their family, they still depend on their bosses, government, financial advisers, and a “GOOD” economy.
Their formula is Wealth = Job + Market Investments.
Are you on the Slowlane? You might get rich on your OLD days.
This is the roadmap to use to reach a million in your bank account. People here has a good habit.
They love to study. They never stop learning. No.. I don’t mean that they are pursuing PhDs. They just learn about everything.
Time is their most valuable asset. Not money. Money is everywhere. Money is abundant. Time, on the other hand, is very scarce. They value time over money.
They will build business system for cash flow and asset valuation.
They are willing to help. It will make them richer in time, money, and personal fulfillment.
Their formula is Wealth = Net Profit + Asset Value.
Are you on the Fastlane? Congratulations.
Who is MJ DeMarco?
MJ DeMarco started his journey to his current status when he was just 9 years old. He met a guy that drove a Lamborghini. A young guy. That guy couldn’t have been more than 25 years old.
He asked the guy what he did for a living and that started all. He is currently running The Fastlane Forum, helping people to become millionaires.
Check his story on The Millionaire Fastlane book.
Do You Want To Be a Millionaire?
That question seems to come from a TV game show. But do you really? I do for sure. That’s why I read The Millionaire Fastlane by MJ DeMarco. I found out that I have been switching lane between the Slowlane and the Sidewalk.
I decided to take my responsibility. I will not blame the Government or the Economy. I will not blame my employer for my current salary and working situation. I will take CONTROL.
I have started this website and two others as my way of getting to the Fastlane. There are so much to learn and so much to do. But again, I will take RESPONSIBILITY.
Me. No one else.
How about you? Do you want to get to the millionaire fastlane? If you are already there, can you share your story?