You still believe your house is an asset. Your preferred way of investing is via index-funds with a mix of bonds and stocks. You know leaving money in a savings account is not a good idea.
You believe there is a direct relationship between time and income and you know there is selling on your income due to the maximum amount of hours that you can work on a day. You know the value of your time, and you don’t waste it. You have a few thousand dollars in your 401k account along with a big mortgage that is going to take another 15 years to pay down. You regret that you were unable to when you were 11 years old because that could have been the only chance for you to retire at age 45. You believe that the only way to get rich is slowly relying on the stock market and the magic of the compound interest over many decades. You know you will only be able to enjoy life after your retirement at age 65. You can save a percentage of your gross (pre-tax) and net (after-tax) income. You are on the slowlane when you are paying yourself first. On the Sidewalk, you’re always “one something” from being homeless, bankrupt, or back living in your parent’s basement." "A Sidewalker exists in a state of one-something-from-broke: One album failure from broke. You blame your family, your boss, your company and the government on everything that goes wrong in your life. Last time you read a book was in school, and you ask “what is wrong?” every time you see someone around with a book. You believe your house is the greatest asset one can have. You think leaving money in a savings account is a great idea.
#The millionaire fastlane pdf free
You spend your free time watching TV, playing video games and complaining about life. You give no value to your own time, and sometimes you spend hours in a line to get free samples, and you would drive for 2 hours to get a $20-dollars discount. You don’t even know there is anything different other than the rat-race. You are on the sidewalk when you are living paycheck to paycheck. A few great examples of the distinctions are on how people in those different lanes percept Debt, their own Time, Education, Money, Wealth and Responsibility & Control.
The three financial roadmaps to wealth are The Sidewalk, The Slowlane, and The Fastlane. Without even knowing, you are right now going down in one of the three paths. Each roadmap contains key mindsets that provide direction and guide actions within them. You must start a business that respects what MJ DeMarco calls The Five Fastlane Commandments. However, you can't just start any kind of business. The only way to get into the Fastlane is by being a producer: an entrepreneur, an innovator, a visionary, a creator.The Three Financial Roadmaps to Wealth and that the only way to build wealth quickly (we are talking about 3 to 5 years) is by following the strategies of the third roadmap: The Fastlane.If I could summarize it, I would say that everything revolves around the following two core ideas: The book has 322 pages and a total of 45 chapters.
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This book is about the principles on how to become a high-speed entrepreneur and craft a business to get you into the “Fastlane”. Despite the cheesy title, this is not a book explaining the next Ponzi scheme neither a book on how to get-rich-quick easily. If Rich Dad Poor Dad by Robert Kiyosaki is a drug to get you started on the Personal Finance & Investing space, The Millionaire Fastlane is a drug to get you started on the Financial Independence, Retire Early (FIRE) movement via Entrepreneurship.
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