Millionaire Fastlane Review
Nine out of ten books about money making and personal finance suck. This book is one out of ten that rocks! I just finished reading “The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime” by MJ DeMarco last weekend. I read it in one sitting, just couldn’t stop.
I know title sounds cheesy, but don’t let it fool you. Don’t think it is one of those get-rich-easy books or a teaser to an expensive course or seminar. MJ has no hidden agenda and he tells it the way it is – in easy to understand words. There is no fluff on any of 336 pages.
Beginning is a bit slow as he tells his story, where he comes from and how he got to where he is now.
Most of the concepts in the book are “un-common common sense”. He proves his points with simple to understand breakdowns and examples. You would think: “A-ha, how come I never thought about it this way?”
The main point of the book – MJ proves wrong the widely accepted premise in our society: get good expensive education – get good job – then get into a 30-year mortgage debt and work for 40 years penny-pinching in the process in hopes to retire wealthy. Then he gives you a new mindset and teaches you how to make money.
Do you realize that with a 30-year mortgage you would pay around triple of what the house price originally was? And how having all that debt over your shoulders for those years wears you down, ties you up to a place and makes you miss good opportunities?
Why do we do that? – Because we want it now and we cannot wait. Because we don’t know any better and we do it like other sheep around us. Instant gratification, compulsive shopping and brain-washing by society to keep you as a worker-bee are some of the reasons.
What if you die before you retire?
What if the market crashes and you can’t retire like many baby boomers now?
What if the dollar devaluates and can’t support your lifestyle with those savings?
I hope this book answers many of your questions, it answered mine. He tells you exactly how do you need to think and what exactly to do to become wealthy without waiting for retirement. Instead of giving you a fish, he makes you a fisherman!
Does it sound too good to be true? The only way to find out is to read it. I consider the few dollars I spent on this book the money well spent.
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