Top positive review
5 of 5 people found this helpful
on November 28, 2013
I found this book hard to put down. It really opened my eyes to the types of people out there in the way they deal with their money. If you are a side walker going from check to check at work and buying everything on credit, it seems natural that the way people fix that is going straight to the slowlane. Save for the next 40 years to count on compound interest and the markets reap the benefits when youre almost too old to enjoy it.
If you don't want to work 5 days a week and get "paid for your time" until you turn 60 or 65 or whatever, then you should read this book and get some perspective on what living in the fastlane entails. Unfortunately this book opened my eyes to many of the mistakes I've already made. I am human and its common what I have done with my money and my choices, but I dislike the position I'm in and know it could be so much better. My parents taught me to be common with my choices, but I strive to be uncommon now. Be a producer instead of a consumber. Sell franchises instead of buying them etc.
I took it upon myself to get more educated with finances and of the few books I've read this book is right up my alley. I've read slowlane books and didn't realize it was the slowlane until I read the millionaire fastlane. I never really liked the ideas of save save save and retire old although I came out of them thinking that was my best option. Not anymore! MJ Demarco teaches you how to think about winning ideas that are right in front of you in your everday life. But the idea is just the beginning. You need to act on your idea otherwise it's a waste of time basically. One of the parts that really hit me was his take on experience:
"Experience comes from what you do in life, not from what you do in a job. You don't need a job to get experience. Which experience is more important? The experience of a menial job designed to pay your bills or the experience (and failures) of creating something that could provide financial freedom for a lifetime without having to hold a job again?"
These are just a few of the the things I can think of off the top of my head but I really recommend this book and give it 5 stars. I plan on joining the forums for millionaire fastlane next.