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Book of the week

January 1st - January 7th 

The Millionaire Fastlane 

by M.J. Demarco

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Unequivocally, I can say that “The Millionaire Fastlane”, by MJ DeMarco, is the best book, geared towards financial independence, that I have read on my journey to financial freedom, and I have read a lot of books (over 80 as of this writing). For me, “The Millionaire Fastlane” far surpasses some of the best classics, such as “Rich Dad, Poor Dad” and “The Richest Man in Babylon”, (Please read both titles, they are classics for a reason) because it preaches a formula that I think is proven by a multitude of real life case studies. First, MJ DeMarco’s formula is a simple one, “solve the problems of a large amount of people, and then reap the rewards from the value you produced”. For example, Bill Gates (Microsoft Fame), Jeff Bezos (Amazon Fame), and Warren Buffett (All Fame) are simply problem solvers, but they each solve the problems of billions of people. Undoubtedly, these examples lean more towards ultimate extremes, but for each Bill Gates, there are thousands of ‘Johnny Businessman’, who have thousands of customers, and make millions of dollars a year.

 

Ok, so we understand the foundation of MJ DeMarco’s formula, but let’s get into details. First, he describes different “lanes” that people take through life. For example, some people are on the sidewalk (not yet even travelling on the road to financial freedom), others are on a slow lane (working regular jobs, or stuck in dead-end businesses), and finally, some are on the fast-lane (solve the problems of a significant number of people, and reap the benefits of value created). So, I will cover ways to know which lane you are on, and how to get and stay on the fast-lane, according to MJ DeMarco. First, if you have no financial plan, you live pay-check to pay-check, you think educating yourself stopped with high school or college, you change jobs frequently, you have no savings, you regularly gamble or buy lottery tickets, you immerse yourself in television, and you lost money on “get rich” schemes, you are most likely on the sidewalk, and have no financial destination. Next, if you feel debt can only be “evil”, you trade your time for money, your job is your only source of income, you rely on your employer, the government, and a good economy for your financial well-being, you feel you must live frugal and settle for less, you are on the slow-lane toward financial freedom. Finally, if you believe debt can be useful to grow and build a system, that time is the most important asset that you own, that the moment you stop learning is the moment you stop growing, self-employment and entrepreneurship are central to your financial plan, and you feel that life is what you make it, and is your responsibility, you are on the fast-lane to financial independence.

 

“The Millionaire Fastlane” is by far the best book to read if your interest is wealth or financial freedom. Without a doubt, the book will unapologetically let you know where you are mentally, as it relates to your finances, but also detail the way to success, which is fully dependent on your strength and development. So, be prepared to be invigorated and inspired to be great and financially free.

Unequivocally, I can say that “The Millionaire Fastlane”, by MJ DeMarco, is the best book, geared towards financial independence, that I have read on my journey to financial freedom, and I have read a lot of books (over 80 as of this writing). For me, “The Millionaire Fastlane” far surpasses some of the best classics, such as “Rich Dad, Poor Dad” and “The Richest Man in Babylon”, (Please read both titles, they are classics for a reason) because it preaches a formula that I think is proven by a multitude of real life case studies. First, MJ DeMarco’s formula is a simple one, “solve the problems of a large amount of people, and then reap the rewards from the value you produced”. For example, Bill Gates (Microsoft Fame), Jeff Bezos (Amazon Fame), and Warren Buffett (All Fame) are simply problem solvers, but they each solve the problems of billions of people. Undoubtedly, these examples lean more towards ultimate extremes, but for each Bill Gates, there are thousands of ‘Johnny Businessman’, who have thousands of customers, and make millions of dollars a year.

Ok, so we understand the foundation of MJ DeMarco’s formula, but let’s get into details. First, he describes different “lanes” that people take through life. For example, some people are on the sidewalk (not yet even travelling on the road to financial freedom), others are on a slow lane (working regular jobs, or stuck in dead-end businesses), and finally, some are on the fast-lane (solve the problems of a significant number of people, and reap the benefits of value created). So, I will cover ways to know which lane you are on, and how to get and stay on the fast-lane, according to MJ DeMarco. First, if you have no financial plan, you live pay-check to pay-check, you think educating yourself stopped with high school or college, you change jobs frequently, you have no savings, you regularly gamble or buy lottery tickets, you immerse yourself in television, and you lost money on “get rich” schemes, you are most likely on the sidewalk, and have no financial destination. Next, if you feel debt can only be “evil”, you trade your time for money, your job is your only source of income, you rely on your employer, the government, and a good economy for your financial well-being, you feel you must live frugal and settle for less, you are on the slow-lane toward financial freedom. Finally, if you believe debt can be useful to grow and build a system, that time is the most important asset that you own, that the moment you stop learning is the moment you stop growing, self-employment and entrepreneurship are central to your financial plan, and you feel that life is what you make it, and is your responsibility, you are on the fast-lane to financial independence.

“The Millionaire Fastlane” is by far the best book to read if your interest is wealth or financial freedom. Without a doubt, the book will unapologetically let you know where you are mentally, as it relates to your finances, but also detail the way to success, which is fully dependent on your strength and development. So, be prepared to be invigorated and inspired to be great and financially free.

Man with Book
Book of the week 

January 7th - January 14th 

Shoe Dog 

by Phil Knight 

Ultimately, "Shoe Dog" shows me why the Nike company has such an alluring and magnetic aura. Undoubtedly, the company is infused with the absolute essence of Phil Knight. However, "Shoe Dog" also shows me that this process can be replicated by others. So, if you are willing to infuse your absolute essence into an endeavor, you have the chance of achieving the successes of Phil Knight and Nike. Further, to infuse your essence, is to give everything you have to the task, it's to not know your life without your pursuit, it's the want to fight against every nay-sayer, whether friend or foe, who tries to derail you, and it's the will to die rather than surrender. Hopefully, you enjoy "Shoe Dog" as much as i did, and take away the points that i did; anything worth having is difficult, perseverance is as powerful as natural skill, fear is to be conquered, and nobody can articulate your dream like you. Go out and fight for greatness. 

Every massive oak tree commences it's life journey as a miniscule seedling, and like the majestic oak, the Nike company flourished from a small beginning. Undoubtedly, "Shoe Dog" by Phil Knight is a first hand account of how Phil Knight envisioned, maintained, and transformed a simple idea into one of the greatest companies in human history. Further, "Shoe Dog" is a tour-de-force about having great will and perseverance, and shows that we are able to accomplish great feats. Additionally, "Shoe Dog" shows that at the core of all great human endeavors, there is the human heart, which makes  everything possible and bearable. Ultimately, "Shoe Dog" confirmed, for me, that if i have consistent fearlessness, openness, and committment, anything is possible.  

Incidentally, "Shoe Dog" begins like 100% of human stories about an individual trying to succeed in the world. However, "Shoe Dog", Phil Knight and Nike's story, ends with the rearest of possibilities. First, "Shoe Dog" introduces us to young Phil Knight, an athletic runner, who identifies a problem, which he feels he can correct. Without a doubt, "Shoe Dog" confirms that solving people's problem is at the crux of entrepreneurship. Next, "Shoe Dog" takes us with Phil as he battles constant failures, which include battles with banks for funding, self-doubt, and exhilarating and stress-filled enedeavors with Asian businessmen. Finally, after years of set-backs, failures, and success, "Shoe Dog" shows both how difficult success is to achieve, and how satisfying and fulfilling it is. 

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