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The goal of this book is to change your perception of wealth and money. Believe that retirement at any age is possible. Believe that old age is not a prerequisite to wealth. Believe that a job is just as risky as a business. Believe that the stock market isn’t a guaranteed path to riches. Believe that you can be financially free just a few years from today.
So how do you upload new beliefs and overwrite the old ones? Find the information, resources, and people that align with the new beliefs.
If you want extraordinary results, you’re going to need extraordinary thinking. Unfortunately, “extraordinary” is not found trapped in society’s mediocracy and the beliefs that fuel them.
Changing your life starts with changing choices. The Fastlane vehicle to wealth is driven on choice, not asphalt. You start making better choices using two strategies dependent on the decision’s gravity.
Worse Case Consequence Analysis (WCCA)
Weighted Average Decision Mat...
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WCCA is designed to steer you away from DAREs and the treasonous choices that cause them. Conversely, WADM is designed to help you make better big decisions with multiple contingencies. This dual-pronged attack works on the choice extrem...
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Worse Case Consequence Analysis (WCCA) The first decision tool is Worst Case Consequence Analysis (WCCA), which requires you to become forward-thinking and an analyzer of potential consequences. WCCA asks you to answer three questions about every decision of consequence: What is the worst-case consequence of this choice, a...
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While these three questions might seem lengthy, your analysis process shouldn’t take ...
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The Weighted Average Decision Matrix (WADM)
The second decision tool I use compares and quantifies big decisions. You know them: Should you move or stay? Quit or continue? Go back to college or not? For WADM, you need paper and a pencil. Remember that WADM is for big decisions, so you might use this a few times a year, whereas WCCA can be used daily.
With WADM, decision-making is easy as it isolates and prioritizes factors relevant to your decisions and then quantifies each decision with a value. The higher value reflects the better decision.
Get a pencil and paper. Make three columns on your paper, one headed “Factors” and the other two for each choice, “Detroit” and “Phoenix.”
Second, what decision factors are essential in your decision?
Write down all aspects relevant to the decision, no matter how small. Write these factors in the “Factor” column.
Thirdly, next to each decision factor, weigh its importance to the decision from 1 through 10, with 10 being the most important.
After each criterion is ranked 1 through 10, grade each choice 1 through 10 for each decision factor.
Next, multiply the weight times the grade for each row and put that number next to the grade in parentheses.
The last step is to add up the graded weight columns to get a final number for each choice.
WADM is an excellent tool for making significant decisions if you are perfectly honest with the factor weighting.
Today is the starting line for the rest of your life. Yes, today is the tomorrow you worried about yesterday. The problem with the past is that we remember memories we shouldn’t, and we don’t forget what we should.
Your past never equals your future unless you allow it.
Your memories carry the same makeup as your choices. They’re treasonous, muted, or accelerative.
You have a choice in framing failure and the past. It serves or hinders.
When I reflect on my own failures, they serve me to affect future change. It’s a part of the responsibility/accountability process.
If you’re limited by your past, it will be impossible for you to become who you need to be in the future.
We must not hear the naysayers because society has conditioned them. Society will grind a constant headwind at your vehicle’s grille. You can’t worry about deviating from social norms because the norm is to be two paychecks from broke. If you want to push beyond average results produced by average people, you’ll need to adopt an uncommon approach that doesn’t fall in favor of “everyone.”
The uncanny and more exceptional you strive to be, the more you need to fight through social indoctrination.
You must break free of society’s gravitational force and their expectations.
Negative friends, family, or coworkers are dark clouds. Defend yourself or suffer the consequence of slow assimilation to mediocrity.
If your environment puts a stiff headwind in your face, you must take proactive steps to remove the headwind. What headwinds are blocking your dreams? Take control and make choices that can shift the trajectory of your life.
Positive people nurture your growth, soothe your failures, and invest in your dreams. Good people are conduits to your goals, not just in motivational fuel, but in extending your opportunely reach.
How? Join entrepreneur clubs, attend networking events, ally yourself with like-minders, get yourself around people who subscribe to a Fastlane, anything-is-possible mindset, and decide which warriors you want on your team. Read books and autobiographies of those who have the kind of success you want. Find a mentor. Join entrepreneur forums with a Fastlane mindset, like the Fastlane Forum!
Reflect on your environment and your relationships and recognize the headwinds. Then choose accelerative action: Can these headwinds be removed, ignored, or managed? Unlike natural wind, you are the magistrate of your headwinds. Success follows those who break the headwind and put it at their back.
By talking with other aspiring entrepreneurs, I’ve learned that significant others (spouses, fiancées, girlfriends, boyfriends) can be some of the most considerable headwinds. Having a life partner who doesn’t ascribe to your ideals and goals is like towing a trailer full of wet manure.
Value your time poorly, and you will be poor. When time is wasted as a lifestyle choice, you will be stranded in places you don’t want to be.
Two types of time will make up your lifespan: Your free time and your indentured time. Your Lifespan = Free Time + Indentured Time
However, the irony of your free time is it isn’t FREE; it’s bought and paid for by your indentured time.
Everything we buy has not one cost but two: The actual dollar cost The free time transformed into indentured time.
The sweat of success is failure, and I am soaking wet.
Failure is simply a natural response to success. If you avoid failure, you will also avoid success.
You can’t drive the road to wealth with the brakes engaged. You must take risks. Get uncomfortable and fail to progress.
What prevents people from hitting the Redline?
Someday is a distant horizon in the theater of your mind.
The Fastlane petitions you for this simple transformation: Make someday today.
The right road must lead to wealth and carry actual probabilities! How? Your route must go near or through the Law of Effection.
To light the Law of Effection and illuminate your Fastlane road, cross-examine it against the Five Fastlane Commandments, the CENTS framework. The Commandment of Control The Commandment of Entry The Commandment of Need The Commandment of Time The Commandment of Scale
road meeting all five commandments can make you filthy rich fast.
The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. — Amelia Earhart
While life’s hitchhikers tread the Sidewalk and are victims, the hitchhikers of business violate the Commandment of Control.
