April 17, 2022

The Millionaire Fastlane (MJ Demarco) Book Summary | How to Get Rich Fast?

How to Get Rich Fast? Millionaire Fastlane (MJ Demarco) Book Summary in Hindi
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How to Get rich fast in India? How to achieve financial freedom quickly and fast? This is one question that is most often asked. So today, we’re going to answer that question with the help of this book – The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime!
This is one of the best book on personal finance, investing and financial freedom. It teaches you how to get rich quickly and fast step by step.
This book, The Millionaire Fastlane points out what’s wrong with the old get a degree, get a job, work hard, retire rich model, defines wealth in a new way, and shows you the path to retiring young.
Ironically, this is not a get-rich-quick book. To the contrary, it’s approach is very stoic. Ever since seeing a guy with a legendary Lamborghini Countach, MJ DeMarco knew he wanted to live a rich life.

What he didn’t want is to get a degree, work 40 years, save every penny, retire and then, eventually, be able to drive his Lamborghini at 70 years old.

The Millionaire Fastlane is his story of how he managed to retire at 33, a multi-millionaire.

Here are 3 of the things you can learn from it:

Wealth stands for 3 things, but none of them is money.
At some point, you must make your income independent of your time.
Think like a producer, not like a consumer.
To make your income independent from your time, you have to unlink it from the hours you put into work. This doesn’t have to happen in one go where you become an “overnight success”, but can be a gradual process.

For example J.K. 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.

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.

The fastlane might be fast, but it’s not a shortcut. There are no shortcuts. You have to build a great product or company that starts to produce passive income, even when you’re sleeping.

This one speaks right from my soul. Stop consuming, and start creating!
DeMarco says the only way to build a business is to think like a producer. We’re all conditioned to consume from an early age. Watch ads on TV, buy toys, buy food, buy clothes.
It’s no different with information – we’re bombarded with tweets, images, articles and podcasts. But when you spend all your time consuming, when are you going to start creating?
So stop throwing money at another pair of shoes or skincare product, and instead, switch into producer mode.

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