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It wasn’t about the decision to move; it was about taking control and knowing that I had a choice.
I didn’t have a job; I had a passion to make a difference. Thousands of people benefited from something I created, which addicted me to the process. Although I had zero passion for the limo business, the passion came from making a profound difference!
Fame or physical talent is not a prerequisite to wealth. ✓- Fast wealth is created exponentially, not linearly. ✓- Change can happen in an instant. ✓- Don’t fear taking roads that have not been paved by others. ✓- I wrote this book because it is something I wished I could have read when I was 20 years old.
If wealth has escaped you, it’s probably because you are “road-focused” and not using the whole formula. Sure, you might have bits and pieces: an ingredient captured from a book or two, another seeded by some “get rich” seminar or a hot stock tip from your broke college buddy. Unfortunately, these isolated ingredients can’t create wealth and are likened to a dead car on the interstate with an empty gas tank and a dead battery. You can’t crack wealth’s code with one variable in a multi-variable equation.
Wealth is a process, not an event. Ask any chef and they will confirm that the perfect dish is a series of ingredients and a well-engineered process of execution:
Wealth eludes most people because they are preoccupied with events while disregarding process. Without process, there is no event.
All events of wealth are preceded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events.
A Sidewalker’s financial destination doesn’t exist. The plan is to have no plan. Surplus money is immediately spent on the next great gadget, the next trip, the next newer car, the next fashionable styles, or the next hot fad. Sidewalkers are carelessly trapped in a “Lifestyle Servitude” fed by an urgent, insatiable need for pleasure, image, and instant gratification. This perpetuates an accelerating cycle of consumption, increasing the velocity of the burden, forever enslaving the Sidewalker to their job or their business. The Sidewalk is the road most traveled because it’s the path of least
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person under the age of 55 is 69.7% likely to have zero net worth, or negative net worth. ✓- An estimated 54% of all households in the United States have less than $100,000 in net worth. ✓- 83% of all “under 35” households had a net worth less than $100,000. ✓- A person in the 35–44 age range has a median net worth of $18,197 excluding home equity. ✓- A person in the age 45–54 group has a median net worth of $38,626, excluding home equity.
An estimated 60% of adults live their lives on the sidewalk. Yes, the world is full of financial illusionists.
If you’re older than 35 and you have less than $19,000 in net worth let me be blunt: What you are doing isn’t working. You need a new roadmap.
There is little hope for Sidewalkers because their roadmap is corrupted by gratification, selfishness, and irresponsibility. This problematic disposition repels wealth and thrusts codependency on overburdened hosts: taxpayers, employers, friends, parents, and loved ones. Income-Poor Sidewalkers rationalize, “Life is short. Get out of my way or get run over!”
wealth trinity: family, fitness, and freedom.
World Value Survey (worldvaluessurvey.org) as well as the 2018 Happiness Report (http://worldhappiness.report) found that the happiest people in the world have a tight sense of community, social support, and strong family bonds. After basic needs are met (security, shelter, health, food), our happiness quotient is most significantly impacted by the quality of our relationships with our partners, our family, our friends, our spirituality, and ourselves.
including The World Value Survey, concluded that “consumerism” is the leading obstacle to happiness.
Affordability is when you don’t have to think about it. If you have to think about “affordability,” you can’t afford it because affordability carries conditions and consequences.
The Fastlane is a business and lifestyle strategy characterized by Controllable Unlimited Leverage (CUL), hence creating an optimal environment for rapid wealth creation and extraordinary lifestyles. Definitively, pay attention to these four segments: 1)Controllable Unlimited Leverage (CUL) Whereas the Slowlane is defined by uncontrollable variables with no leverage, the Fastlane exploits the opposite conditions: maximum control and leverage. 2)Business
Your own business, self-employment, and entrepreneurship are centrist to the Fastlane, much like a job is to the Slowlane. 3)Lifestyle
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Debt Perception: Debt is useful if it allows me to build and grow my system. Time Perception: Time is the most important asset I have, far exceeding money. Education Perception: The moment you stop learning is the moment you stop growing. Constant expansion of knowledge and awareness is critical to my journey. Money Perception: Money is everywhere, and it’s extremely abundant. Money is a reflection of how many lives I’ve touched. Money reflects the value I’ve created. Primary Income Source: I earn income via my business systems and investments. Primary Wealth Accelerator: I make something from
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The Fastlane is about building a better system, a better contraption, a better product, or a better “something” that will leverage your work. In the Slowlane, you are the source of heavy lifting, while in the Fastlane, you construct a system that does it for you.
The winning team is Team Producer. Reshape life’s focus on producing, not consuming. When you reframe your thinking from majority thinking (consumer) to minority thinking (producer), you effectively switch teams and allegiances.
Applied, this means instead of buying products on TV, sell products. Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer.
To consume richly, produce richly first. Unfortunately, most people have it backward: consumption and no production. Producers get rich. Consumers get poor.
To switch teams and become a producer, you need to be an entrepreneur and an innovator. You need to be a visionary and a creator. You need to give birth to a business and offer the world value.
In a survey of 3,000 penta-millionaires ($5 million net worth) the Harrison Group (HarrisonGroupInc.com) reported that almost all penta-millionaires made their fortunes in a big lump sum after a period of years. Worth repeating: a big lump sum, not “by saving 10% of his paycheck for 40 years.” “A big lump sum” is just another phrase for “asset value.” Furthermore, 80% either started their own business or worked for a small company that saw explosive growth. Explosive growth is another phrase representing asset value. And yet, none of these multimillionaires had a cushy union job down at the
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Fastlaners buy and sell appreciating assets: businesses, brands, cash flows, notes, intellectual property, licenses, inventions, patents, and real estate. As it relates to the Fastlane wealth equation, the power of “Asset Value” lies in your ability to control the variable in a virtually limitless fashion.
The rich accelerate wealth by accelerating asset value and selling those upgraded assets in the marketplace.
In the Fastlane, your Wealth Accelerator is based on creating or buying appreciative assets, adding value and manipulating the variables, and then selling. Or you can opt for the Slowlane alternative—give $200 a month to Wall Street and pray for 8% per year and 40 years of employment.
Money trees are business systems that survive on their own. They require periodic support and nurturing but survive on their own, creating a surrogate for your time-for-money trade.
Change creates millionaires. Those who see the changes and take advantage of it will become the new millionaires and billionaires. And because change is constant, millionaire opportunities also remain constant.
Content also survives time. This book might have taken me years to write, but it also survives years. If someone buys this book five years from now, I will earn a small profit on a time investment I made years earlier. The content is an asset that is salable, over and over again, and with each sale, the effective time cost declines while the hourly rate of return expands.
Distribution is a means to move product to the masses. Some systems are better than others and when it comes to distribution, it all depends on the control structure.
Human resource systems can be unpredictable with management difficulties making “passivity” an unlikely and/or distant possibility.
The 5 money-tree seedlings are rental systems, computer systems, content systems, distribution systems, and human-resource systems.
Real estate, licenses, and patents are examples of rental systems. ✓- Internet and software businesses are examples of computer systems. ✓- Authoring books, blogging, and magazines are forms of content systems. ✓- Franchising, chaining, network marketing, and television marketing are examples of distribution systems. ✓- Human resource systems can add or subtract to passivity. ✓- Human resource systems are the most expensive to manage and implement.
As I write this, much of my income is derived from non-U.S.-dollar assets in other countries with stronger currencies and better yields. Fastlaners think globally, not locally. What does a dollar represent to you? A mechanism that gets you bottle service at the club every Friday? Or is it the seed of your money tree? Is it your freedom fighter? Make money fight for you instead of you fighting for money.
into fixed-income securities like municipal bonds, treasuries, and other highly liquid investments. The rich aren’t using the markets to create wealth; they’re increasing their existing wealth with leveraged business assets.
Invest
The books that promise the easiest roads to wealth do well because, like sex, easiness sells. Events of wealth sell. Process does not.
Impact millions.
If you can combine both scale and magnitude, we won’t be discussing millions but billions.
Scale creates millionaires. Magnitude creates millionaires. Scale and magnitude creates billionaires.
Selecting an Entity Selecting an entity depends on your goals and your vision for your business. Here are some general questions to help you decide. => What is your exit strategy? Go public? Sell to private investors? => What is your growth strategy? => What is your liability exposure in the worst case? => Do you plan on raising capital now, or in the future? => Do you plan to hire employees?
Do you plan to take on new partners? => Do you plan on earning profits fast? Or not for a while?
Wherever you are: reading on the train, on a plane, on the toilet in a run-down apartment, or on a beach in the Caribbean, you’ve chosen. I didn’t force you to pick up this book and read it. You chose to. Yes, you are exactly where you decide to be. And if that’s unhappiness, you need to start making better choices.
The leading cause of poorness is poor choices. ✓- The steering wheel of your life is your choices. ✓- You are exactly where you chose to be. ✓- Success is hundreds of choices that form process. Process forms lifestyle. ✓- Choice is the most powerful control you have in your life. ✓- Treasonous choices forever impact your life negatively. ✓- Your choices have significant horsepower, or trajectory into the future.
Money is infinite. Fastlane opportunists can drive opportunities that yield six and seven figures monthly. The difference is perception.
To change your perception is to change your future actions.
So how do you upload new beliefs and overwrite the old ones? Find the information, resources, and the people that align with the new beliefs.
inventors, business founders, authors, and website owners.
Worse Case Consequence Analysis (WCCA) 2)Weighted Average Decision Matrix (WADM)
What is the worst-case consequence of this choice? 2)What is the probability of this outcome? 3)Is this an acceptable risk?
