This article is the book The Millionaire Fastlane by MJ DeMarco book review for sure, and also we will try to tell you all the details of the book. Summarize the book for you; hope that would make it easier for you to better understand the book and its context. Throughout the book The Millionaire Fastlane;
the author MJ DeMarco has tried to put a new sense into us by challenging the conventional strategy of wealth creation and retirement. Through the book The Millionaire Fastlane; MJ DeMarco argues that the conventional ways of thinking of getting rich is a slow and risky road to mediocrity and financial slavery.
He tried to show us a new track; a new way of thinking and behaving that leads us to the fast lane of success. So, this is the book’s main topic and we will not delay further to The Millionaire Fastlane by MJ Demarco book review.
The Millionaire Fastlane Summary
To give The Millionaire Fastlane by MJ DeMarco a book review; we will need to summarize the book first. Let’s summarize the book The Millionaire Fastlane by MJ DeMarco. This is a book that challenges the traditional path to wealth and retirement.
And, speaks about a new way of thinking a new certainty of life. Let’s not late too much and let’s start summarizing the book The Millionaire Fastlane By MJ DeMarco. We will give The Millionaire Fastlane By MJ DeMarco a summary in chapters and then The Millionaire Fastlane by MJ DeMarco a book review at the last.
The Millionaire Fastlane Summery Chapter-Wise:
Chapter 1- Wealth In A Wheelchair: The Book The Millionaire Fastlane By MJ DeMarco starts by saying “Get Rich Slow” Is Get Rich Old” is not suitable for this generation. Challenging this conventional wisdom of wealth creation.
The author argues that selling your time for money is a mistake and that the traditional path to wealth often translates to “Get rich slow: sacrifice your today for a plan that pays dividends after most of life is evaporated.”
Which can be uncertain sometimes cause who knows how long you are going to live? So, you just need to have some plan to get rich at a younger age, which the author MJ DeMarco tells us in the second chapter.
Chapter 2- Wealth Is Not A Road, But A Road Trip: Throughout the second chapter of the book MJ DeMarco says “The pursuit of wealth stalls when we focus on the destination and not on the journey”. And wealth is forged by a carefully crafted strategy.
The roadmap to wealth is made up of four key ingredients: Your roadmap, Your vehicle, Your roads, and Your speed. Throughout this chapter, the author continues to teach what your road is, what is your vehicle and what is your speed.
Chapter 3- Poverty: The Sidewalk Roadmap: In the Third chapter of the book The Millionaire Fastlane; the author MJ DeMarco tries to make us understand; that if we are in poverty it doesn’t mean we don’t have any wealth.
On this sidewalk roadmap wealth is not material possessions, but the “F” dimensions: Family (relationships), Fitness (health), and Freedom (choices).
Chapter 4- Mediocrity- The Slowlane Roadmap: Throughout the 4th chapter of the book The Millionaire Fastlane; the author MJ DeMarco points out the problems with the path society teaches us. The Author speaks to us by saying;
this conventional way of thinking makes most of us die poor. So, To get rich you will need to think rich to reach the richness.
Chapter 5- The Fastlane Roadmap: Throughout the 5th chapter of the book; the author MJ DeMarco says, that the Fastlane is a state of wealth that is characterized by abundance.
In the Fastlane, you don’t trade your time for money and are in complete control of all the wealth-generating factors.
Chapter 6- The Five Fastlane Business Seedlings: In the 6th chapter of the book The Millionaire Fastlane, the book discusses the five commandments of the Fastlane business: Need, Entry, Control, Scale, and Time.
Chapter 7- The Real Law of Wealth: In the 7th chapter of the book, the author discusses the law of affection, which states that the more lives you affect in an entity you control, in scale and/or magnitude, the richer you will become.
Chapter 8- Your Vehicle To Wealth: Throughout the 8th part of the book; the author discusses the importance of personal development and self-improvement in the journey to wealth. And, how to utilize your ability to do things more strategically.
Chapter 9- The Five Fastlane Commandments (NECST): In the 9th chapter of the book The Millionaire Fastlane, the author discusses the five commandments of Fastlane entrepreneurship: Need, Entry, Control, Scale, and Time.
And how to grow by utilizing one for another. You need to read this chapter carefully to make sense and feel the urge to utilize yourself.
Chapter 10- Speed: The 10th chapter or the final chapter of the book The Millionaire Fastlane, discusses the importance of execution or your ability to go from idea to implementation.
So, these are the summarized versions of the chapters of the book The Millionaire Fastlane by MJ DeMarco.
Best Book The Millionaire Fastlane By MJ DeMarco Book Review
After reading the summary, it’s time to read The Millionaire Fastlane By MJ DeMarco book review. We will point out the main points from the book.
- Reject the Slowlane: The conventional path of getting a degree, getting a job, working hard, and retiring rich is slow and risky.
- Produce, Don’t Consume: Instead of being a consumer, become a producer. Build something that offers value to the world.
- Work the Process: Wealth is not a one-time event, but a process that takes time and multiple steps.
- DeMarco’s Five Commandments: Start a business based on control, entry, need, time, and scale.
- Affect Millions: The more people you impact, the more wealth you can accumulate.
- Grow Money Trees: Your business should be able to function without you.
- Execute Better: You don’t need a completely new idea, just execute better than others.
The author, MJ DeMarco, is an entrepreneur who was not born rich but was inspired to become wealthy after meeting a young inventor driving a Lamborghini when he was a kid.
After trying various business opportunities and working miserable jobs, he heard an idea at his limousine job that eventually made him rich. Today, he runs a popular entrepreneur community called “The Fastlane Forum”.
So this was The Millionaire Fastlane by MJ DeMarco book review with a detailed summary of the book.