The millionaire fastlane
Is the financial plan of mediocrity -- a dream-stealing, soul-sucking dogma known as "The Slowlane" your plan for creating wealth? You know how it goes; it sounds a lil something like this: "Go to school, get a good job, save 10% of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks mocha lattes, save and penny-pinch your life away, trust your life-savings to the stock market, and one day, when you are oh, say, 65 years old, you can retire rich." The mainstream financial gurus have sold you blindly down the river to a great financial gamble: You've been hoodwinked to believe that wealth can be created by recklessly trusting in the uncontrollable and unpredictable markets: the housing market, the stock market, and the job market. This impotent financial gamble dubiously promises wealth in a wheelchair -- sacrifice your adult life for a financial plan that reaps dividends in the twilight of life. Accept the Slowlane as your blueprint for wealth and your financial future will blow carelessly asunder on a sailboat of HOPE: HOPE you can find a job and keep it, HOPE the stock market doesn't tank, HOPE the economy rebounds, HOPE, HOPE, and HOPE. Do you really want HOPE to be the centerpiece for your family's financial plan? Drive the Slowlane road and you will find your life deteriorate into a miserable exhibition about what you cannot do, versus what you can.
Stats for nerds
28recommend
46mentions
36people
2011–2024years
80% recommend15% neutral4% critical
Mentions per year
What Hacker News says
- ‘The Millionaire Fastlane’ by MJ DeMarco. Laughable title aside, the content is life changing.
- That's a good point! I didn't mean to imply that the book says that dedication to learning or producing is enough in and of itself. Just to say that one of the things I agreed with in the book is that it's better to be a producer than a consumer.
Overall, I enjoyed the book, and thought some of the advice in there was really good. One thing I thought was valuable was something I think you're getting at in your post - which is that ideas that have the potential to make big money quickly have a combination of scale and reach and magnitude.
As a younger guy, I thought that the way people got rich was to get a good job and save lots of money (think doctor, lawyer, engineer). But as I entered the workforce I started to understand that actual rich people I encountered almost exclusively got wealthy through owning or being pretty high up in a business.
One thing that reading Millionaire Fastlane helped me crystallize is that serious wealth creation isn't an inherent property of all businesses, and that plenty of self owned businesses don't pay as well as a regular job, and even create more work for their owners than a job would. And that businesses that can create real wealth (read: "can make someone rich") have to have that scale and reach.
Overall I felt the read was worth my time, even if there are some things about it that I didn't love.
- The Millionaire Fastlane - MJ DeMarco 12 Rules for Life - Jordan Peterson The Carnivore Diet - Paul Saladino The 7 Habits of Highly Effective People - Stephen Covey
- "The Millionaire Fastlane" changed how I view the world and pushed me to try and become an entrepreneur, terrible title but fantastic book.
- The Millionaire Fastlane by MJ DeMarco. Don't be fooled by cheesy title, it's the best wealth book, hands down.
- Why not buy three? 1. Should be Required reading for any rising senior at High School- Psychocybernetics by Dr. Maxwell Maltz. I got this for my 43 birthday and you will have a huge head start over others. 2. Flow- Mihaly Csikszentmihalyi masterclass in writing exposition. Essentially how to find happiness in everything in life 3. The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime- cringy title but packed with practical nuggets on how to earn a living and create wealth outside of the scripted 9-5/30 years of employment. Very in your face but I am trying hard to apply what this book teaches. Good luck!
