How to Join the Millionaire Fastlane

The Millionaire Fastlane by MJ DeMarco is a number one best seller and has influenced a generation of entrepreneurs. James from RedPillReviews kindly offered to review the book for me as it’s clearly had a positive impact on him and his outlook on life.

Red Pill Reviews is probably the number one review site for products that  help ambitious men reach their goals in all aspects of life (health, wealth, relationships, etc.)

– Neil

The Millionaire Fastlane by MJ DeMarco the best book is the best book I’ve read for anyone who wants to start a business.The advice is timeless and effective.

MJ DeMarco paints a realistic picture of what you can expect on your journey as an entrepreneur: Struggles, failure, hard times and maybe huge success

To some that doesn’t sound like a good deal. But I see it as an exciting journey where the potential for success makes it enjoyable.

It won’t be easy.

You will have to give up some things you enjoy in life (TV, “chilling” with friends and other time-sucking activities).

While you are building your business, you likely won’t see your kids as much. This is an extra risk you take as a father trying to start a business.

You need to decide for yourself whether that’s a risk you want to take. But I’ll say this…

If you succeed as an entrepreneur, you’ll enjoy the freedom to do whatever you want.

You can spend as much time with your kids as you want.

You can give them the possibility to get a great education without going into huge amounts of debt.

You’ll also be able to have great experiences with them.

Let’s face it…

Money buys time, freedom and experiences.

You already know whether you want to become rich anyway. If that’s what you want, you’ll have to sacrifice at first.

Decide if you want to sacrifice a couple of years of your life to live your dreams later.

Whichever you decide…

You’ll want to read The Millionaire Fastlane afterwards and reconsider your choice.

I believe this book will give you a more concrete idea of what you need to do.

Obviously, you won’t become rich by reading this (or any) book. But it will give you plenty of ideas on businesses you could start.

It will also discard many of your current ideas. You’ll discover what a successful business needs to include.

Perhaps your current idea won’t lead you to riches. Don’t worry, there are plenty of opportunities around us.

You just need to train your eye to see them.

Financial Roadmaps in the Millionaire Fastlane

The Sidewalk

These are the three basic choices you have for your financial future.

The Sidewalk is when you are poor. Even if you have a high income, you might still be on the Sidewalk. Spending your entire paycheck on expensive items you don’t need is a disaster.

You look “rich” but you’re actually poor because you aren’t free.

Being rich is about more than just money. You need health, wealth and happy relationships to be truly rich.

The Slowlane

The Slowlane is the path most people follow. The story goes something like this…

Get an education, work for 40 years, save money during that time and then retire at 65. Sounds familiar, doesn’t it?

That’s most people’s plan and if the masses are doing something, you should do the opposite.

Your family and friends want you to take the Slowlane. It’s better than the Sidewalk but it’s no way to live life.

The biggest “benefit” of the Slowlane is supposed to be the low risk.

The truth is a little more complicated though…

What happens when you get laid off? What if the stock market crashes before retirement?

These factors are outside of your control. While the Fastlane is definitely a riskier and harder road to follow, at least you can control the risk yourself.

The Fastlane

The Fastlane is all about making money quickly. This is not to be confused with “get rich quick” schemes.

It will take years for you to become rich.

Nobody is denying that.

However the moment you sell your business, you’ll make a lot of money very quickly.

That money wasn’t created quickly but the event makes you rich instantly.

What Makes A Business ‘Fastlane’?

To give yourself the best chance of becoming rich, you need to own a business.

But not every business is a potential Fastlane to wealth. Owning a local store isn’t Fastlane for example.

I read a quote once that unfortunately, I can’t find now. It went something like this:

Being an entrepreneur is great. You work twice as much for half the pay. (Paraphrasing)

(Leave a comment if you know who that comes from!)

That describes a lot of businesses perfectly. The owner thinks he’s a business man but really, he’s just self-employed.

There is a huge difference!

The Millionaire Fastlane will show you what qualities Fastlane businesses always have.

MJ DeMarco talks about the five Fastlane commandments:

1. Need
2. Entry
3. Control
4. Scale
5. Time

These commandments have helped me a lot personally. I often refer back to them when considering business opportunities.

Explaining these commandments is outside the scope of this blog post. If you want to learn more about them, grab yourself a copy today!.

Seriously, you won’t regret it.

Closing Thoughts

That’s all for today’s guest post.

I’d like to thank Neil for the opportunity to publish on This Dad Does!

You guys are lucky to have him and I hope this site continues to grow as quickly as it has up to this point.

Have a nice week and go dominate,

James

PS: Check out my site for reviews of the best products for men.