The Smart Passive Income Online Business and Blogging Podcast SPI 18: SPI 018: The Truth About Getting Rich Quick with MJ DeMarco, Author of The Millionaire Fastlane
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Apr 6, 2011 AI Snips
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MJ's Entrepreneurial Journey
- MJ DeMarco was inspired to become an entrepreneur after a chance encounter with a young Lamborghini owner.
- He pursued various ventures, including limo driving, before finding success with LimousinesOnline.com.
Get Rich Quick vs. Slow
- DeMarco criticizes the "get rich slow" philosophy as a lifetime subscription to mediocrity, delaying wealth until retirement.
- He advocates for "get rich quick," emphasizing the importance of wealth accumulation during one's younger years.
Wealth Approaches
- DeMarco categorizes approaches to wealth as Sidewalk (no plan), Slowlane (traditional saving), and Fastlane (leverage and control).
- The Fastlane involves building scalable business assets that generate exponential growth and wealth.