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when people feel powerless and out of control, they have a strong desire to buy things that convey high status.
Hope is not a plan.
Exploding income and controlling expenses create wealth.
a “millionaire” (net worth of $1,000,000) is simply middle class in today’s terms. Hell, it’s not even upper middle class any longer. A millionaire is not rich. Or, as I like to say, the title “millionaire” is now about as impressive as a used Toyota Camry. In today’s inflationary age, you need to be a baby-billionaire (one billion pennies or $10 million) to really have financial freedom while enjoying the perceived “millionaire lifestyle.” Yes, ten million is the old one million.
income growth and expense management create wealth—not just by curtailing expenses.
“Get Rich Quick” exists.
The Fastlane is about building a better system, a better gadget, a better product, or a better “something” that will leverage your work.
In the Fastlane, wealth is driven by a business system you create—the toil is the creation and management of the system itself.
The winning team is Team Producer. Reshape life’s focus on producing, not consuming.
Yes, become a producer first and a consumer second. 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 a producer.
If I want to make more profit, I don’t walk into the boss’s office and ask for a raise. No, I have several weapons available for deployment.
I changed my universe because my wealth equation was unlimited and controllable.
When your wealth variables have high leverage, so does your income potential—or would you instead stick with the ceiling of 24 hours native to intrinsic value?
Small numbers have a strong gravity toward mediocrity.
Appreciable and controllable assets.
When your wealth is predicated on factors that you cannot control and are implicitly limited, you aren’t going to make fast progress.
I owned my time instead of time owning me.
Money trees are business systems that survive on their own. They require periodic support and nurturing but survive independently, creating a surrogate for your time-for-money trade.
Rental systems are mighty money trees because they are high on the passivity scale and survive time.
Change creates millionaires. Those who see the changes and take advantage of them will become the new millionaires and billionaires.
And because change is constant, millionaire opportunities also remain constant.
If you create a network marketing company to sell your new vitamin product, you make a powerful distribution network capable of earning millions. If you join a network marketing company, you elect to be a gear in the distribution process.
Human resource systems (employees) will be needed if you want to make millions or billions. While solopreneurs can make a lot of money, you can’t do everything yourself. At some point, managing your time and growth has to take precedence.
Money is your army. The more you have, the more they will fight for freedom.
compound interest weapon is most effective with large sums of money.
This illustration shows that the rich aren’t using compound interest to get wealthy; they’re using it for income, liquidity, and capital deployment.
As for earning your $10 million (or more), that solution lies in asymmetrical leveraged growth stemming from a Fastlane business—net income plus asset value—NOT in expenses, NOT in the stock market, and NOT in a job.
Events of wealth sell. The process does not.
The Law of Effection states that the more lives you affect in scale and/or magnitude in an entity you control, the richer you will become.
Impact millions. Impact millions and make millions. It doesn't get any simpler than that!
To exploit the Law of Effection, your business needs to make an impact of either scale or magnitude, or both.
Price always reflects magnitude.
Magnitude is always reflected by an item's price. High value = high price = high magnitude.
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 create billionaires.
Retrace the source of millionaire money, and you will find millions of something.
Effection of scale or magnitude always precedes money, either directly or indirectly. The more lives you impact, directly or indirectly, the more wealth you will attract.
Get into a position to impact millions. Become indispensable and irreplaceable like an athlete, entertainer, or top-brass executive.
Make a giant impact a few times or make a small impact millions of times.
Think big to earn big.
The first step to controlling your vehicle—you—is to own yourself so you’re paid first and the government last. That is accomplished by forming your business into a corporation that you control.
they are advantageous for larger corporations and corporations with an “asset growth” strategy. In other words, if you don’t plan on distributing profits and are focused on building “asset value” over “net profit,” C-Corporations do the job.
Your life is the sum result of all your choices, both consciously and unconsciously. If you can control the process of choosing, you can take control of all aspects of your life. You can find the freedom that comes from being in charge of yourself.
The leading cause of poorness is poor choices.
How we react to the hand we're dealt is tantamount.
If you aren’t where you want to be, the problem is your choices. Your circumstances are the symptoms of those choices.
Downside Asymmetric Risk Event, or a DARE.
DAREs cause irreparable harm to your life, dreams, and goals.
If you’re younger than thirty, your choices are at peak horsepower because they grow the thick branches of your choice tree. Time to put the pedal to the metal!
Good choices of perception translate into good choices of action. To change your perception is to change your future actions.
