A Fastlane? A highway? A fast way to wealth? Isn’t the title a bit suspicious? DeMarco doesn’t care, he built his Empire, his online tribe (The FastLane Forum) around it and the guy keeps going. And it’s all encapsulated in the preface of The Millionaire Fastlane when he says:
Thankfully, your belief (or disbelief) of Fastlane strategy doesn’t change my reality; it only changes yours. Let me repeat: What you think of the Fastlane doesn’t change my reality; its purpose is to change yours.
We all have our own revelations and Eureka moments in our lives. The author traces it back to his teenage years. Back then he encountered a young man driving a Lamborghini Countach and asked how he could afford such a car. “I’m an inventor,” the young man replied.
For DeMarco himself back then, the Lamborghini symbolized wealth, happiness, and freedom.
The book itself represents a trending cult nowadays that revolts against the traditional old school approach to creating wealth, and against the 401K, against the “go to college and get a job and save 10% of you income…”
That burning question: How do You get rich?
If you aren’t wealthy, STOP doing what you’re doing. STOP following the conventional wisdom. STOP following the crowd and using the wrong formula. STOP following the roadmap that forsakes dreams and leads to mediocrity. STOP traveling roads with punitive speed limits and endless detours. I call it “anti-advice,” and much of this book follows this prescription.
The Millionaire FastLane isn’t only a book compromised of words and sentences grouped together. There are equations too. Equations relating to assets, to profits and to leverage.
His Favorite Equation?
Wealth = Net Profit + Asset Value
Throughout the book, the author is continually making a distinction between two groups: Slowlaners and Fastlaners. The former focus on Creating Assets and Raising Net Profit, and the latter focus on getting a job and saving 10% per month for 40 years or more and THEN retiring.
He challenges us into thinking about creating our own Money Making Systems instead of relying on a paycheck and putting all our eggs in one basket, to recruit what he calls our “Freedom Fighters”:
DeMarco also explains what he calls The Law of Effection (Not The Law of Attraction), which basically translates to: If you want to make millions of dollars, affect the lives of millions of people.
He encourages us to Operate as a Corporation. To control your vehicle—you he points out—you must establish a setup that pays you first and the government last.
Every dollar saved is another freedom fighter in your army. If your money is fighting for you, your time is freed and you break the equation of “time for money.”