The Millionaire Fastlane Crack the Code to Wealth and Live Rich for a Lifetime
Reviews
A bit pretentious and too long, but the few good bits make somewhat up for it. You can probably just read a summary and the only thing you’re really gonna miss out on is the “motivational” part.
Pretty good book to get you to re-evaluate your career and financial goals. You'll likely disagree or find the author egotistical or self-aggrandizing with how he sees the world but I think its mostly him trying to get his point across. take-aways - slaving away for your retirement fund is silly and really shouldn't be encouraged - you need a large sum of money for compound interest to have a meaningful effect (obvious but an overlooked point) - delinking your time and your value. When you get a wage you are trading 1 hour for X dollars. But you should try find a way to add a "force multiplier" so that your 1 hour of work can have lasting benefits (e.g your own business, writing a book, etc). Basically the passive income idea and making your time and/or money work for you - he really makes entrepreneurship sound like a viable goal for everybody and treats the "risks" as equal to investing in stock market. I can't totally agree but I do find encouragement in the idea that I should invest in myself and my own efforts
It tries so hard to present as different from any other wealth creation books, while talks about the same thing yet again albeit in a much more sensationalist way. Tidbits about business criteria were good. Beyond that, it’s mostly noise and put-downs of other people’s methods that’s at the core the same as what he preaches, just that it did not come out of his mouth.
A must-read. Contains actionable advice for people who want to start a business that will supplement or even replace their core source of income (trading time for money). Top 3 Takeaways - 1. The money that you will make in business will correspond to how much VALUE you provide to your customer, who is in great need of your service. 2. You don't need to reinvent the wheel or make a huge breakthrough. Just identify pain-points that abound everywhere, and DELIVER the existing services with better customer service or more convenience. 3. Making money in a business - either sell your product/service at a high cost to few customers (magnitude), or at a low cost to many customers (scale).
Highlights
I read a lot of books about financial freedom and money but this one is outstanding and amazing . For anyone who read "Rich dad ,poor dad" by Robert Kiyosaky and thought it's great this one will blow your mind.
You don’t buy a drill; you buy a hole.
Where customer service lacks unearths great opportunity.
It is for others to say whether I am useful or not.
If things seem under control, you are just not going fast enough. ~ Mario Andretti
The universe has no memory, only you do.
Altering your words and thought perceptions are akin to wiping your windshield clean and seeing beyond your bubble. How do you manage your choice of perception? What language do you use in your mind? “I never … I can’t . . . If only . . .” Or do you choose better words? “It’s possible . . . I’ll overcome . . . I will . . . I can.”
And since inflation rises in unison with interest rates, my income has an element of inflation protection. If inflation rises, so do interest rates.