mj demarco millionaire fastlane audiobook

This starts with your beliefs (you can do it) -> ignite action -> towards a purpose. Time: your business must make you money when you sleep or take holidays.įastlane entrepreneurs must be committed to making it work whatever happens.Scale: your business must scale to make a lot of money (a website scales easily, an ice-cream shop doesn’t).Control: if a company has the power to destroy your business in 5 min, you don’t have control (Amazon can suspend your Amazon FBA account just like that).Entry: your business must take time and skill to set up (must have barriers to entry).Need: your business must fulfill a need/solve a problem people are willing to pay for.Their equation is Wealth = number of units sold X profit per unit soldĪ fastlane business rests on 5 principles: NECST. The fastlane: fastlaners build a fastlane business that scales and makes them millions in 10 years or less.

Their equation of wealth is Wealth = income + stock market compound interest The slowlane: slowlaners work jobs for 40 years and save every penny to retire “rich” provided they don’t die before that.Their equation of wealth is Wealth = income + debt. The sidewalk: sidewalkers consume more than they produce and sacrifice tomorrow’s well-being for today’s dopamine.You can take three different financial roads in life. May this book change your life as much as it changed mine. In any way, I wouldn’t be writing this today if I hadn’t read The Millionaire Fastlane, and I owe the Fastlane Forum community a lot (even though I am no longer a member). It also got me to start my first app (which failed) and my second app (which also failed). This book had such an impact on me that I quit the interview processes I was in to become an entrepreneur instead.

The Millionaire Fastlane is one of the three best business books of all time (along with Peter Thiel’s Zero to One and Unscripted, by the same author.) I learned that a business that will make you enough money for the rest of your life rests on 5 principles called NECST. The author explains the three roads to wealth and details how only one road will make you wealthy enough to retire. It’s a complete roadmap to becoming rich in 10 years or less. The Millionaire Fastlane is a book written by MJ DeMarco. What The Millionaire Fastlane Talks About

A company that makes millions respects the five commandments known as NECST.

A company is your leverage to millions.

To deliver a lot of value, you need leverage.

To be wealthy, you need to deliver a lot of value.People take three different roads to wealth.

Mj demarco millionaire fastlane audiobook