You have no control over the stock market and many people have actually lost a lot of money with the recent economic crisis. Not to mention stock markets and similar investments. The number of hours you can work, as well as the raises you can get have a ceiling, unfortunately. The Problems With The Get Rich Slowly Pathįirst of all, what if the conventional plan of life won’t even get you to the life you want? After all, there’s a limit to how much someone can earn from a salary alone. And even with possible disasters coming your way, planning ahead will make a huge difference for the better. However, realize that the possibility of you dying tomorrow is pretty low. That’s not to say that you shouldn’t enjoy life now. They dig their own financial holes and do so without ever realizing it. As a result, they return to the status quo of their own mindset.
Why do you think many lottery winners end up broke? Why do you think celebrities end up with huge debts? They don’t have the right mindset towards wealth, despite their extremely high incomes.
They believe they have no control over their money so they end up spending while they still have it.Īnd that’s the very reason bank accounts and high incomes are spent so easily. And that is actually the reason people spend money on instant gratification. We shouldn’t rely on others nor blame other people or circumstances for our success or lack thereof. The most important step is assuming responsibility for our lives. Taking Responsibility For One’s LifeĪ high income doesn’t mean anything. You never wonder if you can afford a candy bar. He proposes that if you are asking yourself if you can afford something, then you can’t. Having fancy stuff that ultimately takes away your freedom and makes you even more dependent. Faux wealth, on the other hand, is the illusion of wealth. Being healthy, being surrounded by beautiful people and having the freedom to do whatever you choose to do with your life. He defines wealth as the mix of the 3 fs.
Hard work, discipline, and delayed gratification.ĭeMarco states that being wealthy isn’t about money and luxury. The only way to become wealthy is by working hard and not quitting. People that live this way can be disastrously affected by the loss of a job.ĭon’t feel entitled to wealth because of some prerequisites you think you have. That’s why it’s detrimental to be living paycheck to paycheck. People who plan ahead successfully will actually not be impacted by events like an economic recession or any of life’s challenges. People never realize this, because they are not privy to the process that happened before luck showed itself.ĭeMarco suggests planning ahead in life. He believes that your fate is inside your control and is actually heavily influenced by the way you think about things. How do you believe people become wealthy? Is it through luck or a rich family? Maybe a degree from a prestigious University? Or having good connections? Well, if you thought something from the above you are dead wrong!Īccording to DeMarco, the right mindset is what actually makes people truly wealthy.
#Millionaire fastlane forum trial
=>Check out The Millionaire Fastlane on AmazonSign up for the free Audible trial and get 2 free audiobooks<= Alternatively, use the Audible trial that gives you 2 audiobooks for free! You can find the best prices on Kindle or paperback. You can do all while young and free.īuying Options: I suggest Amazon. No need to become grey-haired in order to ride your Lamborghini, live in your dream house and have the freedom to do everything you ever wanted. Main Point: The Millionaire Fastlane suggests that with the right mindset and a new way to think about wealth, you can end up rich and young. In today’s review of the Millionaire Fastlane, I aim to showcase the best gems you can get from the book. Should we all get a good education, work our asses off, save money and wait for retirement to enjoy the fruits of our labor? MJ DeMarco believes there’s another way. The conventional path of life is no longer viable, nor is it desirable in and of itself. The Millionaire Fastlane is a book that aims to make a point similar to books like the 4-Hour Workweek and the rest of the genre.
0 kommentar(er)
