Millionaire Fastlane by M.J. Demarco
Millionaire Fastlane by M.J Demarco
1. The book in 3 Sentences
There are three categories of people and ways to accumulate wealth.
Side walks: are mainly those who rely on other people to make a living. They always blame others for not giving them help. These kinds of people depend on others to give them money. A good example is people you see in newspaper stands, they always talk, and analyse the Wealth and sources of income of others.
Slow lane: these kinds of people are always graduates. They were trained to work in a company, industry, factory, and other fields. They follow what society says on how to make money. They save their money in the bank and then buy stock, hoping it will grow in the next fifteen to forty years for their retirement plan.
They focus on what the society defines as secured jobs. They see learning as only a school thing. They stop studying once they are out of school. they invest in what they don't have control over.
The fast lane is entrepreneurs such as software engineers, web designers, content creators, producers, and distributors… to earn millions by impacting millions.
They make money primarily by taking care of the societal primary and secondary needs. To Provide help to people who are in need.
This is the fastest lane to be a million. No road is easy but the destination is worth trying. They build Passive income: money that is not directly tied to their time. Write a book and sell it to millions of people. Even when you retire, your income will still flow.
2. Impressions
My friend and mentor, Ali, recommended this in his video.
3. Who Should Read It?
I recommend it for youths, especially those who are yet to know their financial lane. Even if you are an adult, this book will enable you to switch lanes. Read this book.
4. How the Book Changed Me
This book encouraged me and gave me more courage to think and to be in the fast lane to be financially independent, Earn money that will not be tied to my time. Am now directing my attention to monetizing my hobby online as content. It makes me hold on to my project for the long run in order to build passive income.
5. ️ My Top 3 quote
“All events of wealth are preceded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events.”
“The formula for wealth is like a cross-country road trip. Success demands your focused discipline into the journey and the journey’s tools (process) as opposed to the destination (event). There are four ingredients that make up the winning formula.”
“Wealth is making a difference. Wealth is community and impacting the lives of others. Wealth cannot be experienced alone in a vacuum”
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