The Millionaire Fastlane by MJ DeMarco Review
I just finished this book I purchased for my Kindle Fire and wanted to post a review of it. I really enjoyed The Millionaire Fastlane. This book has an incredible way of hooking you into it in just the first few pages. I know, because that’s what it did for me. I actually downloaded the Amazon preview first and then had to go purchase it because I was so drawn into it.
The author gives you the premise of the story that when he was a young kid with no ambition or dreams in his life who one day saw a millionaire driving a shiny Lamborghini. He asked the man driving, what did he do for a living? The man replied, “I’m an inventor.” This point in his life set the tone for having the aspiration of wanting to become a millionaire. He goes into his own background and the seemingly meaningless job he had of being a limo driver. However, it put him around wealthy people and gave him the ultimate idea for his business that would catapult him into making tons of money.
What I liked about the book was that it challenges your way of thinking. He describes the “sidewalkers” as the people in life who feel entitled to everything. They don’t really want to work hard, they stay at their boring jobs working in fast food or retail, and continue to think the world owes them something. They have no real dreams or goals set out before them but live to work instead of working to live. The sidewalkers don’t want to put in the initial efforts it takes to get a business or idea going.
He then goes into the “slowlaners”. These are probably the majority of the middle-class Americans working steady white-collar jobs. I considered myself in this category after reading this book but by the end of the book changed my ways. The slowlaners save for their 401K, put aside funds for a rainy day, buy a simple home with a mortgage, drive boring cars like a Toyota because they’re reliable. They are led to believe from years of their parents, teachers, adults etc. in their lives that you need to graduate college, find a decent paying job, buy a house etc. etc. Meanwhile, they never strive for more. They buy into the lie that you must trade your 5 days a week out of 7 for work in exchange for 2 days of your own time. Sounds like an awful trade right, 5 for 2? The slowlaners meander through life, paying bills, clocking in and out, slaving away, to throw a few bucks into their retirement. Society has taught them that they will be eventually rich if they keep contributing to their retirements, stock accounts and so forth. But the reality is, by the time you’re done, you have traded most of your time, i.e. life, for what? You’re now 65 years old (or older if retirement ages keep changing), you’re likely in lesser health, can’t travel as easily, and don’t even want to.
And finally the “fastlaners”. These people are the ones who get things done. They develop a business idea, maybe initially working hard for many hours for a short period of time (1-2 years) to be able to get a business system in place. Once that’s completed, they may have the opportunity to sell, awesome! They don’t live by alarm clocks, paycheck to paycheck, or worrying about the stock market. They know that the stock market is for increasing their already existing wealth not in hopes that it will make them wealthy.
The book is written sort of from a philosophical viewpoint about how to change your thinking. Which is ultimately how many people change their life. The author does give practical tidbits in the last section of the book; I do wish there had been some more specific actionable items. However, I feel that the intent behind the book and what you will most get out of it is to stop thinking the way the world has led you to believe about becoming wealthy and living a life YOU want.
I hope you enjoy it as much as I did. It’s definitely a treasured ebook in my growing collection!