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Here are 3 concepts I've learned from The Millionaire Fastlane 
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1. Sidewalkers - Someone who goes through life with no financial plan
Sidewalkers live paycheck to paycheck, deny responsibility, and usually go through life thinking they're the victims.
Sidewalkers live paycheck to paycheck, deny responsibility, and usually go through life thinking they're the victims.
Sidewalkers also like to participate in get-rich-quick schemes such as lottos, neglecting real wealth principles.
They also like to live large, usually fueled by an uncontrollable spiral of consumer debt.
Overall Rating ~ AVOID Being A Sidewalker AT ALL COSTS
They also like to live large, usually fueled by an uncontrollable spiral of consumer debt.
Overall Rating ~ AVOID Being A Sidewalker AT ALL COSTS
2. Slowlaners - Someone who goes through life with a get rich slow financial plan
Slowlaners Submit To:
- Working Regular 925 Jobs
- Saving Money And Living Below Their Means
- Investing Early And Often Into Safe, Quality Assets
Slowlaners Submit To:
- Working Regular 925 Jobs
- Saving Money And Living Below Their Means
- Investing Early And Often Into Safe, Quality Assets
The book shits on slowlaners for being too slow, but this is the best, most secure path for most people.
If you want to speed up the slowlane, focus on your work and get that income up.
More Income = More Investing = Quicker Retirement
Overall Rating ~ Best Path For Most
If you want to speed up the slowlane, focus on your work and get that income up.
More Income = More Investing = Quicker Retirement
Overall Rating ~ Best Path For Most
3. Fastlaners - Someone who provides immense value to the world in return for exponential pay
Fastlaners = Business Owners, Entrepreneurs, Creators
(Extreme) Examples: Jeff Bezos, Elon Musk, Bill Gates
Fastlaners = Business Owners, Entrepreneurs, Creators
(Extreme) Examples: Jeff Bezos, Elon Musk, Bill Gates
As you can see, the fastlane is not feasible for most people.
That's the truth.
I'm not saying it's impossible, but it isn't as easy as the book makes it out to be IMO.
Overall Rating ~ High Risk, High Reward
That's the truth.
I'm not saying it's impossible, but it isn't as easy as the book makes it out to be IMO.
Overall Rating ~ High Risk, High Reward
Which lane is right for you? That's for you to decide according to your lifestyle, mindset, and financial goals.
IMO, the slowlane is the best, but that doesn't mean you can't dip into the fastlane in the form of minor businesses and side hustle ventures.
IMO, the slowlane is the best, but that doesn't mean you can't dip into the fastlane in the form of minor businesses and side hustle ventures.
That's the end of this thread! Thanks for reading, and I hope you found it valuable 
If you loved it, give it a RT
If you're planning on going down the hardcore entrepreneurship path, definitely give the book a peek
(Affiliate
) https://amzn.to/3rjj4tD
If you loved it, give it a RT
If you're planning on going down the hardcore entrepreneurship path, definitely give the book a peek
(Affiliate
) https://amzn.to/3rjj4tD
