The Millionaire Fastlane

Lesson 1. Introduction.

We’ll start by making it crystal clear that, despite the title, this is not a ‘how to make money’ book. On a different note, this is a book that is a must-read for anyone who wants to be truly wealthy. 

According to most people, one gets rich by working very hard on their job, for a very long time, investing their salary, and eventually getting returns when they retire. Well, this is because most people aren’t millionaires. This route may sound right, but couldn’t be more wrong, according to M. J. DeMarco. In this book, he explains how one can get wealthy, and what getting wealthy really means. Before moving ahead, it’ll be better to keep aside all the conventional knowledge of wealth you already have. There might be a chance that whatever you’ve learned so far is completely wrong.

Lesson 2. Common Beliefs.

Whenever there’s a news flash of how a kid got offered a billion dollars for his new software, the first whispers around you say “Oh, what a lucky fella!”

You have to understand that getting rich is not about luck, unless you win a lottery. Even winning a lottery has a very minor chance. The majority of the population has convinced themselves, and also their children, that getting wealthy is not in their control. They weren’t destined to achieve success. What they lack is knowledge. Proper financial planning is a certain path to building wealth.

People often ignore the importance of planning ahead. The major reason is that they believe in spending at the moment. This mentality is downright fatal. While it is true that your life could end anytime and that you should enjoy it to the fullest, spending all that you have is not a smart choice by any measure. The chances of that happening are extremely low. And even if you believe that anything bad could happen, it is all the more reason you should be financially ready!

The world is no stranger to stories of celebrities who had their “big shot” and earned millions, just to spend it all in mere months and go broke for the rest of their lives. This is certainly not an example of a wealthy person. You’ve to understand how to make money, and more importantly, how to keep