Yes, even Lamborghinis get old.Īt that point, I decided to embark on a new career as an author. Tell you, retirement is great initially, but eventually it getsĮxcruciatingly boring. However, as any young person who comes into a little money will financialįreedom which ultimately translates into REAL I have what every cubicle grinding person wants. (Well, the electric bill needs to be paid because I like it cold, especially during the Phoenix summer.) If that impresses you, you won't find value in my message.Īnyhow, what's important is this: Every morning I wake up and do Is ever complete without the tacky sports car picture, guru leaning on it, smiling ear to ear. Yes, I've owned a few but I understand the reality. No, there is not a picture of me standing next to my Lamborghini. Several years later, I sold myĬompany (for the 2nd time around) for a multimillion dollar cash Take off your consumer glasses and be open and curious about the world of producing and you’ll be well prepared to start your own business.As for myself, I'm an ENTREPRENEUR first and an AUTHOR second. Think about the structure, how does it help you? What makes a great blog a great blog? See behind the consumption to find out about the creative process of the people who sell what you usually buy.Ĭould you sell that product? Where do they produce? Can you find out how much profit they make? How does it feel? What does it do to make you want to buy it? Which words are they using in the ad? So stop throwing money at another pair of shoes or skincare product, and instead, switch into producer mode. It’s no different with information – we’re bombarded with tweets, images, articles and podcasts.īut when you spend all your time consuming, when are you going to start creating? Watch ads on TV, buy toys, buy food, buy clothes. We’re all conditioned to consume from an early age. Stop consuming, and start creating!ĭeMarco says the only way to build a business is to think like a producer. Lesson 3: Start producing, stop consuming. You have to build a great product or company that starts to produce passive income, even when you’re sleeping.Įxit or not, that’s the way to become rich and retire young. The fastlane might be fast, but it’s not a shortcut. The truth is, even the most miraculous exits, where 15-year olds sell their app to Yahoo for millions, require years of work and very often the company owners have already become rich in the process. Rowling put in years of time before publishing even the first Harry Potter book, but with each new book she continued to receive royalties, increasing her income without her having to put in more time, since that book was finished. This doesn’t have to happen in one go where you become an “overnight success”, but can be a gradual process.įor example J.K. To make your income independent from your time, you have to unlink it from the hours you put into work. Okay, but how do you stop trading your time for money? Lesson 2: Your income eventually can’t depend on your time any more. Since you don’t have to trade your time for money any longer, you can now spend it as you wish and that’s really what wealth is all about. The freedom to live where you want, eat what you want, travel where and when you want and follow all of your hobbies with a passion, even if they’re really expensive. While money can only help you so much in building better relationships with your loved ones or transforming your body from unhealthy to top shape, money can buy you unlimited amounts of freedom. Meaningful relationships with friends and family.However, DeMarco came up with his own definition of wealth, which isn’t really about money. When you hear the word wealth you probably imagine Scrooge McDuck swimming around in his vast sea of gold coins.
#THE MILLIONAIRE FASTLANE AUDIOBOOK YOUTUBE PDF#
If you want to save this summary for later, download the free PDF and read it whenever you want.ĭownload PDF Lesson 1: Wealth stands for 3 things, none of which is money.