Book Byte #123 "The Millionaire Fastlane" by MJ DeMarco

Crack the Code to Wealth and Live Rich for a Lifetime

📣 Curious Quotes from the Author

“There’s a profound difference between interest and commitment. Interest reads a book; commitment applies the book 50 times.”

“Somebody should tell us, right at the start of our lives, that we are dying. Then we might live life to the limit, every minute of every day. Do it! I say. Whatever you want to do, do it now. There are only so many tomorrows. ~ Michael Landon”

“Time isn’t a commodity, something you pass around like a cake. Time is the substance of life. When anyone asks you to give your time, they’re really asking for a chunk of your life. ~ Antoinette Bosco”

“Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer.”

“Stop thinking about business in terms of your selfish desires, whether it’s money, dreams or “do what you love.” Instead, chase needs, problems, pain points, service deficiencies, and emotions.”

“I’m a great believer in luck, and I find the harder I work, the more I have of it. ~ Thomas Jefferson”

“All events of wealth are precluded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events.”

“I awoke to the epiphany that I was the driver of my life and my problems were the consequences of my choices.”

“Make a freaking impact and start providing value! Let money come to you! Look around outside your world, stop being selfish, and help your fellow humans solve their problems. In a world of selfishness, become unselfish.

Need something more concrete? No problem.
Make 1 million people achieve any of the following:
Make them feel better.
Help them solve a problem.
Educate them.
Make them look better (health, nutrition, clothing, makeup).
Give them security (housing, safety, health).
Raise a positive emotion (love, happiness, laughter, self-confidence).
Satisfy appetites, from basic (food) to the risqué (sexual).
Make things easier.
Enhance their dreams and give hope.
… and I guarantee, you will be worth millions.”

“The brick walls are there for a reason. The brick walls are not there to keep us out; the brick walls are there to give us a chance to show how badly we want something. The brick walls are there to stop the people who don’t want it badly enough. They are there to stop the other people!”

“If millions seek you, you will be paid millions.”

“Value your time poorly and you will be poor. When time is wasted as a lifestyle choice you will be stranded in places you don't want to be.
Take a look around. How do your friends, family, and peers value their time? Are they standing in line to save four bucks? Are they driving 40 minutes to save 10 dollars? Are they parked on the sofa anxiously waiting to see who wins Dancing With the Stars?”

The owner of an idea is not he who imagines it, but he who executes it.”

“By working faithfully 8 hours a day, you may eventually get to be the boss and work 12 hours a day. ~ Robert Frost”

“A market is never saturated with a good product ,but it is very quickly saturated with a bad one. ~ Henry Ford”

“For “do what you love” to work, you need two things: 1) Your love must solve a need and 2) You must be exceptional at it.”

“The King: Your execution - The Queen: Your marketing - The Bishop: Your customer service - The Knight: Your product - The Rook: Your people - The Pawn: Your ideas.”

📚 Cognition of the Book’s Big Idea:

To seize your greatest wealth chances at the fastest possible pace, you must change your money thinking and take action. You now understand the three money mentalities: Sidewalker, Slowlaner, and Fastlaner. You also comprehend the ideas and habits that drive the Sidewalker to poverty, the Slowlaner to mediocrity, and the Fastlaner to unprecedented prosperity. You also learned about the math and systems that power each group: the obvious weaknesses in the Sidewalker equation (tricycle system), the less-obvious constraints in the Slowlane equation (bicycle system), and the limitless potential within the Fastlane equation (sport car system).

When it comes to starting your own firm or reformulating an existing one, remember the CENTS framework: control, entry, need, time, and scale. These criteria are the most effective strategies to ensure that your efforts are rewarded asymmetrically with riches - especially if you want to enjoy the magnificent rewards of that prosperity while you are still young and vigorous, rather than in your golden years.

🛠️Fixing the Tech Industry

Everyone wants to be a millionaire, but hardly everyone makes it? So what sets apart you and the ones who do?

Well isn’t that your job to figure out? Mimic what millionaires do, especially when it comes to their midnset about money and I can guarantee you’ll be a heck of better richer than you are now

🤝Collaborate with others with this Social Media Prompt:

What your plan to go from where you are today to what you want to be in 5 years?

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My Software Stack: I use Skool for my Online Community Platform and ClickFunnels for my Landing Pages, Payments, and Email Sequencing. I use Substack for my Newsletter and Taskade for AI Note Taking/Second Brain/Project Management. I use my Personal Amazon Store for Tech and Book Recommendations.

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