The Millionaire Fastlane — MJ DeMarco
Summary in 15 minutes. Most people pick a road without realizing it: the Sidewalk, the Slowlane or the Fastlane. The first job is to recognize which one you’re on. The Fastlane comes down to one idea: separating your income from your time. That takes new math and a new mindset. Five tests for judging whether a business can be a Fastlane or not: Control, Entry, Need, Time and Scale. You’ve finished reading. Now recognize your road, find a real problem and test it against the five commandments.
Key ideas of "The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime"
Three Roads to Wealth
Most people pick a road without realizing it: the Sidewalk, the Slowlane or the Fastlane. The first job is to recognize which one you’re on.
- A Teenager and a Lamborghini: The question that gave birth to this book
- The Sidewalk: Fun Today, Debt Tomorrow: The Sidewalker’s roadmap
- The Slowlane: The Trap of Getting Rich Slowly: Job, savings and waiting
The Fastlane Math
The Fastlane comes down to one idea: separating your income from your time. That takes new math and a new mindset.
- Separate Income From Time: The Fastlane wealth formula
- Real Wealth: The Three F’s: Freedom, not money
- A Process, Not an Event: The years behind overnight success
The Five Commandments of the Fastlane
Five tests for judging whether a business can be a Fastlane or not: Control, Entry, Need, Time and Scale.
- Control and Entry: Who holds the keys, and how wide the door is
- Need: Chase Problems, Not Money: From what you want to what others need
- Time and Scale: It runs without you and reaches millions
- The Five Fastlane Seeds: The kinds of business that separate income from time
Take Action
You’ve finished reading. Now recognize your road, find a real problem and test it against the five commandments.
- 7-Day Action Plan: One task a day. Tick it off when you’re done.
- One-Page Cheat Sheet: The whole book at a glance. Save it.
- Final Word: Own Your Time: Choosing the road is up to you
From the free first chapter
Later, drawing on his experience as a limo driver, he built Limos.com, an online limousine booking service. That business gave him financial freedom at a young age. In this book, published in 2011, he makes a blunt claim: the conventional path of a job, savings and waiting does make people rich, but usually when they’re old.
Read the first chapter free · Price: ৳250 · or every book with a membership
Common questions
What is "The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime" about?
Most people pick a road without realizing it: the Sidewalk, the Slowlane or the Fastlane. The first job is to recognize which one you’re on. The Fastlane comes down to one idea: separating your income from your time. That takes new math and a new mindset. Five tests for judging whether a business can be a Fastlane or not: Control, Entry, Need, Time and Scale. You’ve finished reading. Now recognize your road, find a real problem and test it against the five commandments.
What are the key ideas of "The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime"?
A Teenager and a Lamborghini; The Sidewalk: Fun Today, Debt Tomorrow; The Slowlane: The Trap of Getting Rich Slowly; Separate Income From Time; Real Wealth: The Three F’s; A Process, Not an Event; Control and Entry; Need: Chase Problems, Not Money; Time and Scale; The Five Fastlane Seeds.
Who wrote "The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime"?
MJ DeMarco.
How long does the Gistbook summary take to read?
About 15 minutes. It is available in English and Bangla, and the first chapter is free.