Show notes (free book summary) / PDF & Infographic / Free Audiobook / Are you tired of working long hours, saving all you can and trying to climb the corporate ladder? That’s because you’ve been stuck in the Slowlane. What if you could instead make more money and have more free time away from work? If that sounds good, this book may just be the guide you need.
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StoryShots Book Summary and Review of The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime by MJ DeMarco
Life gets busy. Has The Millionaire Fastlane been on your reading list? Learn the key insights now.
We’re scratching the surface here. If you don’t already have MJ DeMarco’s popular book on business and finance, order it here or get the audiobook for free to learn the juicy details.
Introduction
Are you tired of working long hours, saving all you can and trying to climb the corporate ladder? That’s because you’ve been stuck in the Slowlane. What if you could instead make more money and have more free time away from work? If that sounds good, this book may just be the guide you need.
The Millionaire Fastlane is about personal development and wealth-building. It was written by self-made millionaire and entrepreneur MJ DeMarco. DeMarco argues that the traditional path to wealth and financial success is a road to mediocrity and financial slavery. Instead, he advocates for the “Fastlane”. This is a path to wealth that involves entrepreneurship, innovation, and risk-taking.
Taking the “Slowlane” means a focus on saving, investing, and budgeting. It also involves the pursuit of a traditional career to climb the corporate ladder. This path is often filled with long hours, sacrifices, and delayed gratification. It can take decades to achieve significant financial success.
In contrast, the “Fastlane" is a path to wealth that involves creating value. It solves problems and builds scalable businesses that can generate passive income. This path is much more efficient and allows you to achieve wealth in a shorter period of time.
About MJ DeMarco
MJ DeMarco is an entrepreneur and self-made millionaire. He advocates for a different approach to achieving wealth than saving and investing. DeMarco teaches how to achieve financial freedom. You can do this by starting or investing in a business and creating multiple passive income streams. He styles himself as “a get-rich-slow anti-guru”.
DeMarco’s dream was to live free from bosses, free from 9–5 jobs, and free from mediocrity. Through rigorous years of self-study, countless errors and failures, he claims he uncovered the real essence of wealth. He was able to retire in his thirties without sacrificing his lifestyle.
DeMarco has also written a follow-up book, "Unscripted: Life, Liberty, and the Pursuit of Entrepreneurship." This further elaborates on his ideas on entrepreneurship and achieving wealth. DeMarco is also the founder of The Fastlane Forum, an online community of entrepreneurs. He provides business advice and mentorship to its members.
StoryShot #1: Know the Difference between the “Slowlane” and the “Fastlane”
StoryShot #2: Wealth Is Not a Road, But a Road Trip
StoryShot #3: Create Multiple Streams of Passive Income
StoryShot #4: Walk the Road to Wealth
StoryShot #5: Accelerate Your Wealth by Increasing Your Speed
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