The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime, is a comprehensive guide to building wealth that can last a lifetime by M.J. DeMarco.
Published in 2011, this book provides readers with an extensive guide to building wealth that is rooted in hard work, discipline, and self-esteem.
By blending proven financial strategies with sound psychological advice and self-awareness, DeMarco offers an easy-to-follow roadmap for becoming truly wealthy.
Overview
The Millionaire Fastlane challenges the idea that wealth comes from hard-work and saving money over time.
Instead, DeMarco points out the fallacy of this method and offers his own formula for building wealth in the form of an alternate lifestyle he terms the “Millionaire Fastlane”.
He challenges readers to develop a unique mindset and combine it with knowledge and skill-sets to achieve wealth and financial freedom. This entails developing important skills like goal setting, wealth building strategies, and creating multiple streams of income.
Developing Self-Awareness
DeMarco emphasizes the importance of developing self-awareness in order to achieve wealth.
He suggests that the most effective way to create wealth is to develop an understanding of one’s strengths and weaknesses, and to overcome fears, negative thought patterns and limiting beliefs.
This is key to cultivating an entrepreneurial mindset and taking control and ownership over one’s life.
Measuring Success
DeMarco describes his own measure of success and encourages readers to create their own. His system of success revolves around the three S’s; simple, scalable, and significant.
He promotes simple and sustainable means of creating wealth, methods of scaling up income, and significant activities that create massive financial growth.
Conclusion
Overall, The Millionaire Fastlane is an invaluable guide to improving one’s financial life. By combining tried and tested business strategies with self-awareness and a new way of thinking about money, DeMarco does an admirable job of demystifying wealth-building.
The Millionaire Fastlane is an incredibly useful book for anyone who is interested in building wealth and creating more financial freedom in their lives.
