6 things I learnt from the book, the millionaire fast lane - The best book out there on makking millions

As someone on a quest to become truly wealthy in this lifetime, I've delved into countless books on the subject. From the classics like "Think and Grow Rich" to the modern bestsellers, I've soaked up every piece of wisdom I could find. But recently, one book has stood out as a true game-changer - "The Millionaire Fastlane" by MJ DeMarco.

This isn't your typical get-rich-quick scheme or financial advice fluff. No, "The Millionaire Fastlane" cuts right to the core of what it truly takes to build life-changing wealth. And let me tell you, the insights I've gained have completely shifted my mindset and approach.

Let's dive in, shall we?

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The Law of Effection: The Key to Impacting Millions

One of the central tenets of the book is the "Law of Effection" - the idea that to become a millionaire, you need to impact millions of people or impact those who already have millions. It's a simple yet profound concept. Gone are the days of thinking you can get rich by catering to a small niche. If you want to truly hit the millionaire mark, you need to think big and create products or services that can scale to a massive audience. This reminds me#### Header 4 of one of @ericvancewalton's post of having a thousand fans that are true to you.

An artist impacting a lot of people and so he will make lots of money

The Difference Between Get Rich Quick and Get Rich Easy

As I dove into the book, I was struck by the distinction DeMarco makes between "get rich quick" and "get rich easy." So many of us have fallen prey to the allure of shortcuts and easy money, only to be sorely disappointed. But the author makes it clear – true wealth is not about finding some magical loophole or simple hack. It's about embracing the grind, the process, and the long-term commitment required to build a sustainable, scalable business.

The Importance of Process Over Event

This ties into another important lesson: the importance of focusing on the process rather than just the end result. We live in a world where people are captivated by the "event" of wealth – the lavish homes, the fancy cars, the Instagram-worthy lifestyles. But as DeMarco eloquently points out, the real key is to embrace the often unglamorous process that leads to those outcomes. It's about putting in the work, day in and day out, and trusting that the "event" will follow.
To bring it home, I remember reading one post where @josediccus said he had to translate chinese posts so he could reply them. Yet a newbie will make one or two posts and complain about not hitting it big. I am not saying it is not possible to hit it big once but all I can say is that it is a rare event.

Challenging the Status Quo

One of the most powerful messages in "The Millionaire Fastlane" is the call to challenge the status quo. The author doesn't mince words when he declares that "working a job is one of the biggest scams." He argues that the traditional employment model, with its time-for-money exchange, is fundamentally flawed and limits your true earning potential. Instead, he champions the idea of building your own system, your own business – the "Fastlane" to wealth.
Look around and check if the billionaires or the young millionaires around you work a job. I am certain they don't.

The Three Lanes and the Five Commandments

DeMarco outlines three distinct "lanes" to wealth: the Sidewalk (those stuck in the paycheck-to-paycheck cycle), the Slowlane (the conventional advice of saving and investing), and the Fastlane (the entrepreneurial path to rapid wealth). He then delves into the "Five Commandments" of the Fastlane, which include fulfilling a true market need, creating high barriers to entry, maintaining control over your business, achieving scalability, and freeing yourself from the constraints of time.
what makes this book interesting is how he tries to tell us that what the financial gurus are preaching are nothing but lies.

For example they say work,spend less than you earn and then invest the rest. Ideally when they say invest the rest, they are saying you should invest in the S&P 500 for the next 30 years and boom you become a millionaire.

The question then is what if you get a terminal illness
would you prefer to drive a lambo at 39 or at 67

Another thing that was really eye opening was the commandments to follow before starting a business.

The commandment of need which states that your business has to meet a need before it can be successful.

The next says that the barrier to entry of your business must be high or else you will have to fight a lot of people to get to the top. Hence, the reason why youtube is a very difficult business to start.

Embracing the Entrepreneurial Mindset

At its core, "The Millionaire Fastlane" is a call to action, urging readers to adopt an entrepreneurial mindset and challenge the status quo. It's a refreshing departure from the usual financial advice, and it's exactly the kind of paradigm-shifting perspective I was searching for.

If you're like me, tired of the same old platitudes and ready to embark on a truly transformative wealth-building journey, I highly recommend diving into "The Millionaire Fastlane." It just might be the catalyst you need to unlock your full potential and achieve the financial freedom you've been dreaming of.