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The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime! Paperback – 4 Dec 2011
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About the Author
Former founder and CEO of Limos.com, multimillionaire entrepreneur, author, and the revolutionary "get rich slow" anti-guru, MJ DeMarco not long ago lived with his mother, mopped floors, and sought the dream like so many others-the dream to live free from bosses, free from 9-to-5 jobs and alarm clocks, and free from a life of mediocrity. Through rigorous years of self-study, countless errors and failures, MJ cracked the code to wealth and shockingly discovered that it had nothing to do with jobs, 401(k)s, mutual funds, or penny-pinching your life away for forty years. By rejecting society's preordained "settle-for-less" financial roadmap, MJ was able to retire young-in his thirties-without sacrificing lifestyle. (Yes, he drinks Starbucks coffee, drives exotic cars, and hasn't canceled the movie channels.) He lives in beautiful Phoenix, Arizona, and enjoys traveling, dining, writing, softball, fitness, working out, and obviously has a fanatical passion for the Lamborghini marquee.
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Top customer reviews
The author MJ DeMarco, highlights the way to becoming wealthy through the concept of the slowlane and the fastlane. The slowlane is explained as getting a good job, saving, investing in the stock market, being careful with money – until the ‘payoff’ when you are old you’ll also be rich.
The fastlane – the main theme of the book is about using finite time effectively to maximise the amount of money made.
The first few chapters really repeat ‘Get rich slow’ and constant references to Lamborginies, therefore I did begin to wonder if the author was just a one-note bragger, critiquing a lifestyle without offering answers to achieve wealth.
As I persisted through the authors logic becomes clearer and he offers a solution to the fastlane.
With a preference to using time effectively to maximise money made, he is quite critical of people in business who are putting in more time than if they were employed. So businesses like owning a restaurant are considered slowlane, however owning a franchise of restaurants is fastlane.
Other ideas explored are the ‘money tree’
“It was a flourishing money tree that made money 24 hours a day, 7 days a week, and it didn’t required my life for the trade”
This is basically making a business through passive income and the author does a good job inspiring the reader on ways they too could make money on ventures that require small levels of maintenance.
The author dismisses ‘money chasers’ the people who are drawn to ‘events’ selling the latest fad to get rich quick. It is clear that the author put in hardwork to start his business from the ground-up, learning about website design from books while doing menial jobs.
There is a focus on providing a good customer service in business and acknowledges that entrepreneurs should be starting a business from the perspective of what can be offered to the customer and not what the owner wants.
The Millionaire Fastlane is an interesting and inspiring read that covers all areas to start a fastlane business and is a great book to learn the mindset of an entrepreneur.
PS. Don't get disappointed when reading first chapters, really good things start after 100 pages. Don't skip them though, they serve very important purpose.
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Most recent customer reviews
100% honest no rubbish!
I'm glad he didn't.
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