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The Millionaire Fastlane

Crack the Code to Wealth and Live Rich for a Lifetime

By MJ DeMarco
15-minute read
Audio available
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco

The world is full of people working hard with dreams of getting rich – but only a handful succeed. As The Millionaire Fastlane shows, there’s a simple reason for this; conventional roads to wealth don’t work. But thankfully, there is one way that works, and if you’re eager and willing to put in some effort and make some sacrifices, it’s far quicker than you might think.

  • Anyone who dreams of founding their own enterprise
  • Anyone who feels that they’re wasting their best years in a job they hate
  • Anyone who’s willing to work hard to become a millionaire, but doesn’t know how to start

MJ DeMarco is an entrepreneur and founder of Limo.com, the company that made him a multimillionaire by the time he was 33. He is now the founder of Viperion Corp., an online and print content distribution company.

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The Millionaire Fastlane

Crack the Code to Wealth and Live Rich for a Lifetime

By MJ DeMarco
  • Read in 15 minutes
  • Audio & text available
  • Contains 9 key ideas
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco
Synopsis

The world is full of people working hard with dreams of getting rich – but only a handful succeed. As The Millionaire Fastlane shows, there’s a simple reason for this; conventional roads to wealth don’t work. But thankfully, there is one way that works, and if you’re eager and willing to put in some effort and make some sacrifices, it’s far quicker than you might think.

Key idea 1 of 9

You’ll fail if you have the wrong mindset, no matter how much you earn.

How do people get rich? Is it luck, or perhaps fate? A lot of people think so, which might be the reason why they themselves aren’t rich. If you believe becoming wealthy is out of your control, this mindset is jeopardizing your chances. You can control your future. It just takes planning.

If you believe that it’s pointless to plan ahead, this puts you in a weak position to deal with life’s challenges. Without precautions such as creating a financial plan or arranging for health insurance, external events like losing your job, becoming ill or having to suddenly deal with a recession can cause you far more grief than necessary.

Sometimes prioritizing the moment in terms of spending can have serious drawbacks. For example, if you live from paycheck to paycheck, suddenly finding yourself without a job would mean you can no longer pay your rent.

If you refuse to take responsibility for your life, even earning an impressive income won’t keep you from going broke. If you think you have no power over your own life, it’s tempting to want to spend your money while you have it. After all, what if you were struck by lightning tomorrow? This is why people splurge on instant gratifications like expensive dinners and luxury cars.

Yet having this mindset will drain your income and your credit range, because regardless of how much you earn, you’ll spend it all. We’ve all heard stories of how some rappers go from carousing about with the cash from a huge hit to losing everything in one year.

Of course it’s possible you could be run over by a train tomorrow. But this is unlikely. And even if something terrible should happen in the future, you’ll be glad if you at least made some plans for worst case scenarios, like making sure you have a buffer of cash when you need it.

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