Reddit reviews The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!
We found 20 Reddit comments about The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!. Here are the top ones, ranked by their Reddit score.
The Millionaire Fastlane Crack the Code to Wealth and Life Rich for a Lifetime
Not sure if it's a cultural thing between the US and the UK or just society evolving now we have social media and stuff but I recently reread How to win friends and influence people and though it was massively overrated. Same goes for The 7 habbits of highly effective people.
Anyway, heres my list of books and why:-
Bounce
Excellent book in my opinion. Based on variations of the 10,000-hour rule with plenty of examples. Also touches on how the unknown habits and circumstance of someone can lead to outstanding abilities.
Zero To One
The first book that I couldn't put down until I completed it. Picked a fair few things up from it as well as a bunch of things I hope to move forward within the future with startups.
The 33 Strategies of War
Not a business book but definitely my style if you take the examples and strategies and turn them into business. This is the second book I have not been able to put down once picking it up.
The E-Myth Revisited
Although I had a decent understanding of how to allocate duties to people depending on their job role this helped me better understand it as well as the importance of doing it.
ReWork
Another book I loved, just introduced me to a bunch of new concepts with a fair few I hope to use in the future.
Black Box Thinking
Coming from and engineering background I was already used to being ok with my failures provided I was learning from them but this book is based around how different industries treat failure and how it is important to accept it and grow from it.
Millionaire Fastlane
I feel this is an excellent book for reality checks and getting people into a better mindset of what to expect and the amount of work required. It also explains a few common misconceptions of the get rich slow style methods where you may end up rich but you will be 60 years old or more.
I update this post with all of the books I have read with a rating but here are my top picks.
Search the main sub for "Red Pill Books Compilation V3"
>Millionaire Fastlane by MJ Demarco: (Mindset - P2) No this isn't some get rich quick scheme or ideas on how to make quick money. Demarco presents the idea in his book that there are different ways of thinking about money amongst people. The "Slowlane" way of thinking which is plagued by the ones who work paycheck to paycheck to survive, and the "Fastlane" way of thinking that breaks away from the norm of the typical "Go to school, get a job, save your money, retire at 65." mindset. Very interesting read on how to achieve wealth through changing your way of thinking.
I also like Ramit Sethi and his book "I Will Teach You to Be Rich". He also has a youtube channel.
It's a good question - a lot of people just assume they can't ever be rich.
No you don't need to get a degree. You don't need to get a high-paying job. You don't need to be Elon Musk unless we're talking billionaire rich.
Making money is about delivering value at scale. Either deliver a little bit of value to a lot of people, or deliver a lot of value to a few people. Or do both to rake it in - but this is usually harder.
The most accessible way to deliver value at scale is by building a business.
You also need to figure out why you want to be rich and what kind of rich. Do you want to build a massive empire and make hundreds of millions or does making a couple of million a year and getting to travel whenever you want sound better?
The basic steps are pretty simple. You've got to start by reprogramming your brain a fair bit. Rich people - especially entrepreneurs, don't think about the world in the same way as most people do. More on how to do this later.
After that you'll want to start exploring the opportunities open to you at the moment. There are lots of business models you can replicate and do really well with - you don't need to start completely from scratch and build something the world has never seen before. You would not believe the ridiculously niched business models people make stupid money from. Example - I know a guy who built an online health and safety testing form for oil rig workers that was making $20,000 a month.
When you're starting out it's a good idea to keep things simple and use it as a way to build your skills. You don't want to be trying to build the next Facebook while trying to learn the basics of business. You're probably not as smart as Mark Zuckerberg.
The point is you have to keep learning and learning and learning. You know the business section of the book store you've probably never looked at? Pick the right books and you can pretty much learn anything.
You've been fed a lot of bullshit your whole life - so you need to read:
BOOKS FOR REPROGRAMMING YOUR HEAD
It's pretty incredible how many successful people I've spoken to in the last few years have said something along the lines of "well it all started when I read the 4-Hour Work Week...". This is a great book that will give you a huge mindset adjustment and also a bunch of practical ideas and case studies of what you can do.
Those will give you a good start. Once you've picked something to work on, you'll want to start reading up on learning sales, mindset, strategy, mindset, business management, mindset and some more mindset. If you jump in you'll quickly find the hardest thing about business is usually dealing with yourself.
Hit me up if you take action on this and I'll be happy to recommend where to go next :)
The Millionaire Fastlane. I'm sure most people will agree that this is the best book available as entry into the world of Online Marketing. Anything by Gary V is also fantastic.
The Millionaire Fastlane is the only business book I ever read up until the last year or two. It got me into entrepreneurship when I was in highschool, and I couldn't possibly recommend it more.
The reviews speak for themselves.
To add to your list, The Millionaire Fastlane is a great book which discusses more of the mindset rather than the logistics of wealth creation.
The Millionaire Fastlane
Really gets you in the habit of looking for unfulfilled needs rather than building a business out of your selfish desires.
I was a fan of The Millionaire Fastlane and The 4-Hour Workweek. They're more lifestyle than how-to.
I'd imagine some people find them hokey, but if you just take some fundamentals from them and don't treat them as literal at every page they'll give anyone an interesting perspective on entrepreneurship.
The Millionaire Fastlane. I hate the title because it is not one of those get rich quick books. Instead, it teaches you to think in a different way about how you spend your time, the types of businesses you run, etc. It does sound cliche but it made me change the way I looked at business.
Plus, his forum is phenomenal and he responds directly to reader's questions.
This book looks really well reviewed:
Will definitely pick it up... thanks for the notice!
I highly suggest "The Millionaire Fastlane" by MJ Demarco.
Amazon link here: http://www.amazon.com/Millionaire-Fastlane-Crack-Wealth-Lifetime/dp/0984358102/ref=sr_1_1?ie=UTF8&s=books&qid=1303851365&sr=1-1
He made his money in entrepreneurship and wrote this book because he is passionate about helping others achieve the success he worked so hard for. This is NOT a fluff book. Check out the amount of 5 star reviews it has received.
If you want to know a little more about the author, you can check out his mixergy.com interview here...http://mixergy.com/mj-demarco-limos-interview/
Hey OP, sorry you feel this way. At your age I was doing really bad and severely depressed too. I'm going to give you the advice I wish I could tell my 18 year old self. First, go to a doctor and get on some meds. I found that with the ADHD meds, as my life started righting itself the depression and anxiety went away.
If you feel like your life sucks, anyone, ADHD or not would feel depressed and anxious. So your first step is work on your ADHD. Second, read this book: https://www.amazon.com/Millionaire-Fastlane-Crack-Wealth-Lifetime/dp/0984358102/ref=sr_1_1?ie=UTF8&qid=1473093068&sr=8-1&keywords=the+millionaire+fastlane
Don't let the title fool you, it is not gimmicky at all. Out of all the self-help books on finance and wealth I've ever had, I threw all of them out except for this one. If you can't afford it, I'm sure there are free copies out there on the internet. Just find any copy and read it. They have a message board too, filled with people just like you who didn't get good grades and didn't fit the mold of graduate and get a job. Guess what? A lot of them are rich now, and probably laughing at those teachers who thought they were stupid.
Step 3, start your own business and prove everybody wrong. You won't have to get a job, and can avoid most things that are hard for your ADHD. When you're successful, you won't have to live off your parents, and will probably be able to support them instead of the other way around. You'll give yourself something to be proud of. Not saying it will be easy, but it has been done and can be done again.
I still have a job right now but I'm actively working on my own business. I've met so many great and helpful people on the TMF board that inspired me. TBH working on my own business is the most rewarding thing I've ever done. It's been progressing steadily and I will be able to quit working for someone else forever very soon. As someone with ADHD, you can actually use your hyperfocus to your advantage. Lots of famous entrepreneurs have ADHD. I think it's something where people with ADHD actually have an edge over non-ADHD people.
Lastly, please take it easy on yourself. Life can already be hard without your subconscious knocking you down everyday on top of it. Forget about what other people's expectations are for you. The only person you should compare yourself to is the person you were yesterday. That sounds cheesy as hell, but if you start developing yourself seriously in any area (like skills, etc), you'll find that it's true. Good luck OP, you got your whole life in front of you. If you give up now it's all over, but if you don't you have until the day you die to make something of yourself.
Ok so like others I applaud the fact that you are at least setting ANY goal and have decided to get out of being in the standard paycheck-to-paycheck until 65 or later lane.
However I think your goal is laughably bad. I hope you'll reconsider your approach to goal-setting, as having only one large goal you will never achieve (and sorry to say, this is not doubt or 'hating', but simple reality, you will never achieve $1b) is only going to hurt you as if you had no goal at all.
Set milestones. Right now your biggest goal could maybe be to replace your income from your job. But you also need goals along the way. How about your first dollar made online? Or, I like the idea the Income School guys have - pizza day (when you earn enough to buy yourself a pizza). Then set some GRADUAL milestones from there based on something measurable and actionable. $100/mo, $1000 total, $250/mo, whatever. Or, 50 posts written; 10,000 total users; and so on.
Right now you have one big goal that will only demoralize you. You're trying to fill an olympic swimming pool by pissing in it. There is optimism and setting high goals, and then there is self-deception and delusions of grandeur. And setting goals of the latter nature is only another symptom of the same problem that got you here in the first place. You're not being real with yourself. You're pretending. You're playing make believe and acting like something will come along and future you will magically figure it out. And I get it because I think most people start out there. However, you need to recognize that if you fail to address this flaw, you might as well go back to coasting through life. It would at least be more fun.
If I could, I'd recommend you to check these 3 ideas out:
Good luck and hope to see your case studies in the future.
Join a pre-IPO startup. Get equity. Hope they get acquired or go public. There are lots of millionaire tech guys, including network engineering types that have become millionaires this way. It's still a lot like playing the lottery though.
And the people saying get a high salary (100k-200k) and live like you make 30k and save all you can? Sorry, that's just not really realistic anymore. Cutting back on $3 coffees isn't going to make yourself wealthy. What kind of life is that?
My recommendation? Stop relying on someone else for your success. Check out The Millionaire Fastlane and Choose Yourself
I realize that advice isn't for everyone but I believe that the 401k, save-all-you-can route just isn't going to work for wealth anymore.
Here are a few places to start if you're interested in the option:
I can't vouch personally for the courses since I don't have the cash to join yet. Sethi has a 60-day money back guarantee and I've heard a number of interviews with Dane Maxwell and I really like some of the concepts he discusses.
The books aren't hand-hold guides, but both are thought-provoking. A lot of people bash on Ferriss, but at least his stuff is interesting and gets you to think about your time differently.
Agreed. Certainly nothing easy about it. And I'm sure if you asked your friend if it was really that easy to turn a single check into a million dollar business, he probably would say it was easy.
I would suggest taking some time and making sure you have a handle on where this is going to go long-term and what it's going to take to get there.
I read a book, Millionaire Fastlane. I actually pulled out his major points and dumped it into a spreadsheet to 'grade' my business. I do it every few months, just to make sure what I'm working on is still in line with my plan. Asks some good questions like how it going to scale, USP's, ability to automate, etc. Good stuff.
And sometimes you just need to go for it, and dont listen to everybody elses advice.
I suggest you give this book a read. Cheesy title but packed with eye opening content. I wish I would have found it at your age.
Your Money or Your Life was a pretty good book that explained this well. The audiobook is narrated by the author and if given the chance, I'd hold her underwater until the bubbles stopped. She had the worst voice I've ever heard.
The Millionaire Fastlane was also a readyy good read. Highly recommended.
The Millionaire Next Door was a fantastic read and the book that got me started thinking about financial independence and the concept of FIRE. It's a bit dated (late 90s I think) but still some amazing information in there.
Check us out at /r/financialindependence and /r/leanfire. If you haven't, definitely visit /r/personalfinance and check out the sidebar and wiki - there's some AMAZING information and guides for all ages and walks of life.
I wish so hard that I found out about this stuff and had the resources available now when I was 18, and not when I turned 31. But oh well, such is life.
/u/typhuslol do feel free to PM me if you want to chat! I'm happy to share the lessons I've learned in the past few years of pursuing financial independence!
To hell with the Career! Identify a problem you learned in the years you have put in so far, design a solution and build it up while helping your son grow too!
The ugly truth is - careers are an illusion used to convince people to use up their most precious years. So they can retire at 70, die a few years later with no time to use the money they saved.
Please do not look at this change as a negative thing! Join a group of entrepreneurs (real ones - not some MLM bs), learn how to a) find a problem to solve, b) create a solution c) listen to your customers d) maintain control.
Takes about three years to take a viable idea to reality - your son will still be young, and you will not have missed the chance to spend time with him. And if you succeed, you'll make more money than your husband :D
Surround yourself with people who do the things you need to succeed with your new focus
Evidence:
https://www.amazon.com/Disciplined-Entrepreneurship-Steps-Successful-Startup/dp/1118692284
https://www.amazon.com/UNSCRIPTED-Life-Liberty-Pursuit-Entrepreneurship/dp/0984358161
https://www.amazon.com/Millionaire-Fastlane-Crack-Wealth-Lifetime/dp/0984358102
https://www.startupschool.org
Stay-At-Home Parenting is not a prison sentence! It is an opportunity to break free!
Read stories of success, surround yourself with cheesy inspiration to keep moving forward. Whatever it takes - it's a process, start now and make this your "Eff this! I want a second house in the Cayman Islands" moment.
Write down your dreams, how much they cost, list the steps you need to obtain that money, and put dates on them. Then, go!
And good luck! You will fail at least once - regroup and do it again.
Unlike most things in life where one bad apple spoils the bunch - with entrepreneurship, one good crop feeds you for life.