Book Review & Discussion : The Millionaire Fastlane

In this event, you’ll learn

How to get in the right mindset to become rich
What makes you spend all your money while you have it
The flaws with all the common paths to wealth, like stocks, savings and a job
Why a college education might actually slow you down on your journey in the fastlane
What praying for your big break will lead you to
How “do what you love” can make you miserable
The reason why some competition is better than none

About the Author

MJ DeMarco is a semi-retired entrepreneur, investor, advisor, and international best-selling author who's books have been translated in over 15 languages worldwide. He is the current founder of Viperion Publishing Corp., a media company focused on online and print content distribution. He also is admin/founder for The Fastlane Forum, the web's leading destination forum for start-up, finance, and entrepreneurial business discussions.

Prior to embarking into the world of writing and authorship, he was the former start-up Founder/CEO of Limos.com (1997-2007), a global ground transportation aggregator and marketplace that he successfully built and grew into a profitable multi-million dollar company, all with no money, no formal training, and with just a few employees. In 2001, he sold the company in an exit event but later reacquired the company via bankruptcy reorganization. He later sold the company again in 2007 to a Phoenix-based private equity company.

Overview

This book discusses why conventional wisdom having to do with getting rich is wrong. Most of the time, you are encouraged to get a fancy education or invest money for the long term. But this means that you will only accumulate wealth in the last part of your life, and not while you are still young enough to enjoy it. Additionally a stock market crash may significantly cut down your savings, depending on how your money is invested, and there’s no way to predict one accurately.

The Millionaire Fastlane talks about changing the mindset around accumulating wealth and starting your own profitable business.

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Hanging on to your money!
The most important thing to getting rich is having the right mindset. If you ever catch yourself thinking that it was “luck” that caused someone to become rich, this is your main problem. Your future can be completely controlled, always. It just takes hard work, planning and persistence.

Planning allows getting into a stronger position to react to life’s challenges. It includes a financial plan, health insurance, and skill development. These will all help in events such as: a loss of your job, sudden illness, or an economic recession.