Book Notes/The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!
Cover of The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!

The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!

by M.J. DeMarco

30 popular highlights from this book

Key Insights & Memorable Quotes

Below are the most popular and impactful highlights and quotes from The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!:

There’s a profound difference between interest and commitment. Interest reads a book; commitment applies the book 50 times.
Somebody should tell us, right at the start of our lives, that we are dying. Then we might live life to the limit, every minute of every day. Do it! I say. Whatever you want to do, do it now. There are only so many tomorrows. ~ Michael Landon
Time isn’t a commodity, something you pass around like a cake. Time is the substance of life. When anyone asks you to give your time, they’re really asking for a chunk of your life. ~ Antoinette Bosco
Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer.
Stop thinking about business in terms of your selfish desires, whether it’s money, dreams or “do what you love.” Instead, chase needs, problems, pain points, service deficiencies, and emotions.
I’m a great believer in luck, and I find the harder I work, the more I have of it. ~ Thomas Jefferson
I awoke to the epiphany that I was the driver of my life and my problems were the consequences of my choices.
All events of wealth are precluded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events.
Make a freaking impact and start providing value! Let money come to you! Look around outside your world, stop being selfish, and help your fellow humans solve their problems. In a world of selfishness, become unselfish.Need something more concrete? No problem. Make 1 million people achieve any of the following:Make them feel better.Help them solve a problem.Educate them.Make them look better (health, nutrition, clothing, makeup).Give them security (housing, safety, health).Raise a positive emotion (love, happiness, laughter, self-confidence).Satisfy appetites, from basic (food) to the risqué (sexual).Make things easier.Enhance their dreams and give hope.… and I guarantee, you will be worth millions.
Value your time poorly and you will be poor. When time is wasted as a lifestyle choice you will be stranded in places you don't want to be.Take a look around. How do your friends, family, and peers value their time? Are they standing in line to save four bucks? Are they driving 40 minutes to save 10 dollars? Are they parked on the sofa anxiously waiting to see who wins Dancing With the Stars?
The owner of an idea is not he who imagines it, but he who executes it.
If millions seek you, you will be paid millions.
The brick walls are there for a reason. The brick walls are not there to keep us out; the brick walls are there to give us a chance to show how badly we want something. The brick walls are there to stop the people who don’t want it badly enough. They are there to stop the other people!
If you have to think about “affordability,” you can’t afford it because affordability carries conditions and consequences.
By working faithfully 8 hours a day, you may eventually get to be the boss and work 12 hours a day. ~ Robert Frost
Change creates millionaires. Those who observe and take advantage of change will be the new millionaires and billionaires.
For “do what you love” to work, you need two things: 1) Your love must solve a need and 2) You must be exceptional at it.
A market is never saturated with a good product ,but it is very quickly saturated with a bad one. ~ Henry Ford
If the universe doesn't remember, why should you? Being the youngest of three siblings, you can bet I was the subject of some vile comments. Fat, stupid, you name it. However, just because my brother called me an idiot for 12 years doesn't make it my reality. Your past never equals your future unless you allow it.Think about a coin flip. No matter how many times it's flipped, the next flip is always random. Probability cannot be attached to a future flip based on the past. Your past is the same. Just because you failed at five relationships doesn't mean your next will fail, especially if you learn from them! Just because you flipped burgers three hours ago doesn't mean you can't be a millionaire next year. The universe forgets, just like the universe forgot I mopped floors and delivered pizza not long ago.
If your past defines your existence, it will be impossible for you to become the person you need to become in the future.
The average American watches more than four hours of TV each day. In a 65-year life, that person will have spent nine years glued to the tube. Why? Simple. Life sucks. Life needs an escape. Life is no good.Show me someone who spends hours online playing Mafia Wars or Farmville, and I'll show you someone who probably isn't very successful. When life sucks, escapes are sought. I don't need television because I invested my time into a real life worth living, not a fictitious escape that airs every Tuesday night at 8 p.m.Again, majority thinking yields mediocrity, and for that majority, time is an asset that is undervalued and mindlessly squandered.
The King: Your execution - The Queen: Your marketing - The Bishop: Your customer service - The Knight: Your product - The Rook: Your people - The Pawn: Your ideas.
Wealth eludes most people because they are preoccupied with events while disregarding process. Without process, there is no event.
My doctor’s preferred method of attack was prescription drugs. I refused because I wanted to fix problems, not mask symptoms.
Your business is a spouse. Quit cheating and give one business all of your attention. You will get out what you put in, and rationing your time among mistresses is a slow prescription to lackluster incomes and asset values.
People care about what your business can do for them. How will it help them? What’s in it for them? Will it solve their problem? Make their life easier? Provide them with shelter? Save them money? Educate them? Make them feel something? Tell me, why on God’s green Earth should I give your business money? What value are you adding to my life?
Luck is introduced when you play. If you don’t play, you can’t win. Unfortunately, Sidewalkers assign luck to events of mystical chance. They don’t see the manipulated probabilities imbued by process which makes the chance possible. If you want luck, dive
Responsibility: It was my fault that my purse was stolen. Accountability: In the future, I will take precautions to ensure it doesn’t happen again.
Skip the big idea and go for the big execution of more value skew. You don’t need an idea that has never been done before. Old ideas suffice; just do it better and execute as no one has!
The global recession has exposed the Slowlane for the fraud it is. With no job, the plan fails. When the stock market loses 50% of your savings, the plan fails. When a housing crisis erases 40% of your illiquid net worth in one year, the plan fails. The plan is a failure because the plan is based on time and factors you can’t control. Unfortunately, millions of people have faithfully invested decades into the plan only to discover the ugly truth: The Slowlane is risky and insufferably impotent.

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