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They tell you: Buy foreclosures to get rich! Buy a franchise and be your own boss! Learn the mystical secret law and think positive! Start a business! Invest in real estate for passive income! Trade your way to riches with currencies!
Wealth is a process,
Wealth eludes most people because they are preoccupied with events while disregarding process. Without process, there is no event
For our chef, the cooking is the process, while the meal is the event.
All events of wealth are preceded by process,
If you want to change your life, change your choices
To change your choices you must change your belief system. Your belief system is defined by your roadmap.
When you’re the first person whose beliefs are different from what everyone else believes, you’re basically saying, “I’m right, and everyone else is wrong.” That’s a very unpleasant position to be in. It’s at once exhilarating and at the same time, an invitation to be attacked. ~ Larry Ellison
you have to think about “affordability,”
you can’t afford it because affordability carries conditions and consequences.
I’m a great believer in luck, and I find the harder I work, the more I have of it. ~ Thomas Jefferson
Sidewalkers love events but hate process.
Have you become so numbed by making a living that the living has been sucked out of your life?
Somebody should tell us, right at the start of our lives, that we are dying. Then we might live life to the limit, every minute of every day. Do it! I say. Whatever you want to do, do it now. There are only so many tomorrows. ~ Michael Landon
To accumulate financial wealth, you need to attract large sums of money. To attract large sums of money, you need two things: 1) Control and 2) Leverage.
Intrinsic value is
Every day, people sacrifice their time for tiny nuggets of wealth, where time is the liability and not the asset. Anything that steals time and doesn’t have the power to free time is a liability. Within the Slowlane, time is mistreated like an effervescent fountain that runs forever. Unfortunately, the mortality rate is 100% and life’s prognosis is death. Some day you will die, and, hopefully, 60% of your time wasn’t squandered in a cubicle while your children grew up and your spouse cheated with the yoga instructor.
The more I help, the richer I become in time, money, and personal fulfillment.
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 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.
weaponize the Fastlane wealth equation, you must engage in a Fastlane business that has the potential for leverage or high speed limits.
and sell appreciating assets: businesses, brands, cash flows, notes, intellectual property, licenses, inventions, patents, and real estate.
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.
Those who observe and take advantage of change will be the new millionaires and billionaires.
Scale creates millionaires. Magnitude creates millionaires. Scale and magnitude creates billionaires.
Become indispensable and irreplaceable like an athlete, entertainer, or a top-brass executive.
Like many entrepreneurs, I made the horrific mistake of getting into business as a sole proprietor. Any “adviser” who recommends a business structure as a sole proprietorship or general partnership should be avoided like an airport toilet.
The point of this dissertation is that Fastlane success isn’t one choice. It’s hundreds
People are like roads—they can either bring opportunity or distress into your life. The quality of these roads solely depends on the quality of the person.
Think of the relationships in your life like an army platoon readying for battle.
Value your time poorly and you will be poor
Indentured time becomes the ransom of your free time
Fastlaners are frugal with time, while Slowlaners are frugal with money
“A smart man learns from his mistakes. A wise man learns from the mistakes of others.”
Let me be clear if I haven’t been: There is never a perfect time. Someday is today. Today is now. A week is 7 todays strung together while a year is 365. Today is all you’ve got! And if you wait, opportunity passes. Your Fastlane journey never starts and year after year passes with new preconditions being added while the old ones are satisfied.
They fail because they fail the Commandment of Need.
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? Tell me, why on God’s green Earth should I give your business money? What value are you adding to my life? Reflect back to our producer/consumer dichotomy. Consumers are selfish. They demand to know is “what’s in it for me!” To succeed as a producer, surrender your own selfishness and address the selfishness of others.
Never start a business just to make money. Stop chasing money and start chasing needs
Stop thinking about business in terms of your selfish desires, whether it’s money, dreams or “do what you love.” Instead, chase needs, problems, pain p...
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Want to make big bucks? Then start attracting money instead of chasing it
The amount of money in your life is merely a reflection to the amount of value you have given to others.
Successful businesses share one common trait: The satisfaction of consumer needs as reflected by sales in the marketplace.
Make a freaking impact and start providing value!
“What do I have to offer the world?” Offer the world value, and money becomes magnetized to you!
“It is for others to say whether I am useful or not.” It isn’t for you to decide whether you are useful. The marketplace makes that determination.
What is your WHY? Why are you doing this? Why go Fastlane? Whom do you want to prove wrong? My “WHYS” read like this:
Ninety percent of all new businesses fail because they are based on selfish internal needs, not external market needs.
While the stock market imploded in early 2009, who was buying and who was selling? Everyone was selling. I was long gone and sold a year earlier. Warren Buffet was buying. Everyone sells and the richest man in the world buys. Hmmm. Could it be that everyone is wrong? Yes it could.
Thou shalt not invest in a needless business. Thou shalt not trade time for money. Thou shalt not operate on a limited scale. Thou shalt not relinquish control. Thou shalt not let a business startup be an event over process.
Writing a book is not a business; selling the book is.
