The Millionaire Fastlane
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Read between January 5 - January 24, 2023
63%
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Take calculated risks. Do so, and some crazy shit can happen.
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it is easier to live in regret of failure than in regret of never trying. 
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Make someday today. 
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There is never a perfect time. Someday is today. Today is now.
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Today is all you’ve got!
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And if you wait, opportunities pass. Your Fastlane journey never starts, and year after year passes with new preconditions being ad...
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How can you impact millions? In the Slowlane, you explode intrinsic value, become enormously indispensable, and earn millions. In the Fastlane, you engineer a business that touches millions of lives in scale or many lives of magnitude.
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The Commandment of Control The Commandment of Entry The Commandment of Need The Commandment of Time The Commandment of Scale
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If you can’t control every aspect of your company, you’re not driving! And if you can’t drive, you set yourself up for sudden, unexpected crashes.
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I can’t imagine running a company in which another entity has the power to instantly kill your revenue stream. If someone can “flip a switch” and destroy your business, you’re playing roulette with your financial plan.
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To become a shark, you must think like one.
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Network marketing is a Fastlane, but only if you own the network marketing company.
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These folks can’t be told the fire is hot; they need to feel the burn for themselves.
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Never throughout history has a man who lived a life of ease left a name worth remembering. ~ Theodore Roosevelt
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as entry barriers to any business road fall or lessen, the effectiveness of that road declines while competition in that field subsequently strengthens.
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Businesses that solve needs and provide value win. Businesses that solve problems win profits.
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People care about what your business can do for them. How will it help them? What's in it for them? Will it solve their problem? Make their life easier? Provide them with shelter? Save them money? Educate them? Make them feel something? Why on God's green Earth should I give your business money? What value are you adding to my life? Reflect to our producer/consumer dichotomy. Consumers are selfish. They demand to know “what's in it for me!” To succeed as a producer, surrender your own selfishness and address the selfishness of others.
Felix Wolny
Wichtigstee stelle im buch mabe
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Stop thinking about business regarding your selfish desires, whether money, dreams, or “do what you love.” Instead, chase needs, problems, pain points, service deficiencies, and emotions.
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Money isn't attracted to selfish people. It is attracted to businesses that solve problems. It's attracted to people who fill needs and add value. Solve needs massively, and money massively attracts. The amount of money in your life is merely a reflection of the amount of value you have given to others.
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Make 1 million people achieve any of the following: Make them feel better. (entertainment, music, video games) Help them solve a problem. Educate them. Make them look better (health, nutrition, clothing, makeup). Give them security (housing, safety, health). Raise a positive emotion (love, happiness, laughter, self-confidence). Satisfy appetites, from basic (food) to the risqué (sexual). Make things easier. Enhance their dreams and give hope.
Felix Wolny
Beste stelle
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People don't give a rats-ass about your love for whatever.
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“I want to write a book without the pressure of money.”
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Help one million people, and you will be a millionaire.
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A business attached to your time is a job.
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Local/community (pool) County/city (pond) Statewide (lagoon) Regional (lake) National (sea) Worldwide (ocean)
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Internet business models (roads) fall into seven broad categories:
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Subscription-based
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Content-based
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Lead generation
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Social Networks / Communities / Forums
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Brokerage / Marketplace Systems
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Advertising
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E-Commerce
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Inventing isn’t about developing the vehicle, the telephone, or the goofy Segway—the core inventing activity is just taking something and improving or modifying it. Take something old and stale and make it better. Take an underexposed product, make it your own, and reintroduce it to the world.
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You’ve got a great idea, but someone is already doing it? So what. Do it better.
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Old ideas suffice; just do it better and execute as no one has!
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Define the Lifestyle: What do you want? Assess the Cost: How much do your dreams cost? Set the Targets: Set the escape number and business income targets. Make It Real: Fund it and open it!
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You can’t make $5,000 per month until you learn how to make $50 per month!
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Interest rates Taxable and non-taxable yields Amortization of mortgages The balancing of a checkbook Basic percentage calculations Calculating return on investment Why stocks rise and fall Why a guaranteed 15% return on a bank CD is screaming, “scam!” How stock options work, such as calls and puts Why insurance exists How a mutual fund works What bonds are and how they rise and fall Global currency
Felix Wolny
Shit learn that stuff
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It’s one thing to possess the treasure map; it’s another to get out of the house and follow it.
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they’re 220-mph speedometers on idle, parked Lamborghinis. Actual speed is execution—pressure applied to an accelerator—and it’s the king of the entire game.
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“I had that idea!” Oh yeah? Who cares.
Felix Wolny
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Execution is the great divider separating winners and losers from their ideas.
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The owner of an idea is not he who imagines it, but he who executes it.
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ideas are just multipliers while execution represents actual money.
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You see, the world tells you which direction you should be going at all times. Heed the signs.
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The world tells you where you should be going, and no, the world doesn’t give two pence about your 150-page PowerPoint business plan.
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Venture capitalists and angel investors called me—I didn’t call them.
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Give investors something they can see, touch, and feel.
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If you do build a great experience, customers tell each other about that. Word of mouth is very powerful. — Jeff Bezos