The Millionaire Fastlane: Accelerate Your Wealth Journey
Snippets from the book "The Millionaire Fastlane" by MJ DeMarco.
Hello Curious Minds,
In this week's edition of Curiosity Logs, we will discuss
Weekly Book Highlights from "The Millionaire Fastlane" by MJ DeMarco.
My 6 Months Reading Journey
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📚 Weekly Book Highlights
The Millionaire Fastlane by MJ DeMarco
In this week's edition of Curiosity Logs, we're diving into the transformative strategies found in "The Millionaire Fastlane" by MJ DeMarco.
Join me as we uncover enlightening snippets and actionable advice on achieving financial freedom and accelerating your path to wealth.
From understanding the mindset of successful entrepreneurs to discovering unconventional paths to riches, "The Millionaire Fastlane" offers invaluable insights for creating lasting wealth. Let's embark on this prosperous journey together!
Here is 26 snippets from the book
examine it from the producer perspective. How does this company make money? What psychological tactics are used in its marketing messages?
Extraordinary wealth will require you to have extraordinary beliefs.
People who don’t empower your goals are human headwind bloviators.
When you spout excitement over actions or ideas, bloviators react with doubt and disbelief and use conditioned talking points such as, “Oh that won’t work,” “Someone is already doing it,” and “Why bother?”
Time isn’t a commodity, something you pass around like a cake. Time is the substance of life.
When anyone asks you to give your time, they’re really asking for a chunk of your life. ~ Antoinette Bosco
These people value their time at zero. It’s free. Like the air we breathe, they’re convinced that time is abundant and in endless supply.
Value your time poorly and you will be poor.
People standing in line to save money ought to hold a picket sign announcing to the world, “I value money more than my life.”
You enjoy a two-week vacation because it was paid by a year of indentured time
Law of Chocolate Chip Cookies: If the cookies don’t get into the grocery cart, they don’t get home.
inconvenient savers. The inconvenient saver desperately clutches onto every dollar, fearful it may never return.
Fastlaners are frugal with time, while Slowlaners are frugal with money.
If you want to be rich, you have to start thinking rich… Time is king.
Graduation Is Not the End; It Is the Beginning
What you know today is not enough to get you where you need to be tomorrow.
The acquisition and application of knowledge will make you rich.
If things seem under control, you are just not going fast enough. ~ Mario Andretti
“A smart man learns from his mistakes. A wise man learns from the mistakes of others.”
Intelligent risks have a limited downside, while their upside is unlimited.
Someday is dangerous and paralyzing. It traps you in land of Nowheresville.
CENTS Framework; the Five Fastlane Commandments: Control, Entry, Need, Time, and Scale.
He who owns the keys owns the power.
If anyone can start a business in one day or less doing what you do, you probably are violating the Commandment of Entry and tough odds are ahead.
Higher entry barriers equate to stronger, more powerful roads with less competition and need for exceptionality.
“In a gold rush, don’t dig for gold, sell shovels!”
P.S. I’d love to know: What is the single quote above that sounds most interesting or impactful to you?
My Reading Journey 2024
Half of the 2024 is over. How is your reading Journey Going?
In last 6 months I have started 20 books
Finished 11 , 2 are in progeess and dropeed remaining.
1. "The Founders" by Jimmy Soni
↳ untold stories from Soni's exploration of the birth of PayPal and the visionary minds behind it.
💡💡 Quote for Curiosity 💡💡
“Things happen on the internet like a snowball effect. It rolls quickly. It went from nobody really knowing about websites to everybody knowing about websites in what seemed like a year,”
2. "Make Epic Money" by Ankur Warikoo
↳ It was a page turner book experience after a long time. Completed book in 3 hours.
↳ Recommend this to all who want to start and understand how personal finance work.
💡💡 Quote for Curiosity 💡💡
Build a limitless mindset. Wealth is not a zero-sum game. One winner does not take it all. There's enough for everyone.
3. "Total Recall: My Unbelievably True Life Story" by Arnold Schwarzenegger
↳ inspiring moments from Schwarzenegger's journey—from bodybuilding champion to Hollywood superstar and political leader.
💡💡 Quote for Curiosity 💡💡
But I believed that the only way you become a leading man is by treating yourself like a leading man and working your ass off.
4."Elon Musk" by Walter Issacson
↳ Highly recommended, A sneak peek into His vision for humanity and how he operates 6 companies.
💡💡 Quote for Curiosity 💡💡
" If we're able to produce a general purpose Robot that could observe you and learn how to do a task, that would supercharge the economy to a degree that's insane"
5. "The Go-Giver" by Bob Burg and John David Mann
↳ Completed over a weekend.
↳ Easy to read book, non fiction explained through a story.
💡💡 Quote for Curiosity 💡💡
" Your True worth is determined by how much more you give in value than you take in payment"
6. "Genghis Khan and the Making of the Modern World" by Jack Weatherford
↳ Story of greatest warrior and his descendents and how his conquests changed the entire world. How it changed course for most civilizations on Asia and Europe.
7. "Chip War: The Fight for the World's Most Critical Technology" by Chris Miller
↳ History of Silicon valley and newer Geopolitical tension based on Semiconductor supremacy.
8. "Million Dollar Weekend" by Noah Kagan
↳ Practical book on coming up with product ideas and testing it out in 48 hours
9 & 10 . "The Dark Forest" and “Death's End” Novels by Liu Cixin
↳ Completed over weekends
↳ Second and Third book on Three Body Problem Novel series
↳ Highly recommended sci-fi series
11. "Ready Player One" Novel by Ernest Cline
↳ Book based on which movie of same name is made
↳ Interesting sci fi novel about the futuristic metaverse like world.
↳ Suggested for free time reading
Books which are on progress
12. "The Coming Wave" by Michael Bhaskar and Mustafa Suleyman
↳ At 23% mark
↳ Book on impact of the dual technological wave of AI and BioTech on humanity and how we can prevent these going out of control.
13. "The Code Breaker" by Walter Isaacson
↳ At 35% mark
↳ Biography of Jennifer Doudna, pioneer in CRISPR technology
↳ Explores the fascinating world of gene editing (CRISPR) and the scientists who are revolutionizing medicine and biology
Books which are stalled/dropped midway
14. "Same As Ever" by Morgan Housel (10%)
15. "Feel-Good Productivity" by Ali Abdal (5%)
16. "Mindset" by Carol Dweck(5%)
17. "Outlive" by Bill Gifford and Peter Attia (12%)
18. "$100M Offers" by Alex Hormozi(33%)
19. "The Daily Stoic" by Ryan Holiday (12%)
20. "Courage to be Disliked" by Fumitake Koga and Ichiro Kishimi
What are your favorite reads in last 6 months? Looking for book recommendations for next 6 months?