“Millionaire Fastlane” turbomind book club.

10-Things I learnt from “Millionaire Fastlane, Crack the code to Wealth and live Rich for a Lifetime” by MJ DeMarco, Summary By Miguel De La Fuente for TURBOMIND Book Club.
10-Things I learnt from “Millionaire Fastlane, Crack the code to Wealth and live Rich for a Lifetime” by MJ DeMarco, Summary By Miguel De La Fuente for TURBOMIND Book Club. Our passion is learning. www.turbomind.com
10-Things I learnt from “Millionaire Fastlane, Crack the code to Wealth and live Rich for a Lifetime” by MJ DeMarco,
Summary By Miguel De La Fuente for TURBOMIND Book Club.
Our passion is learning. www.turbomind.com

10-Things I learnt from “Millionaire Fastlane, Crack the code to Wealth and live Rich for a Lifetime” by MJ DeMarco,

Summary By Miguel De La Fuente for TURBOMIND Book Club.
Our passion is learning. www.turbomind.com

Do you want to be a millionaire? Do you really think it’s possible?

Do you live paycheck to paycheck and seem like you never have enough?

Is it possible not only to be a millionaire but to do it in a few years?

Today in the Turbomind book Club we have the 29 things I learnt from the book Milionaire Fastlane, a must read book for financial success. .
This is one of Top-20  Books in the Turbomind Book Club, and a must read book on how to retire rich and young.

The message to go t school get an education, get a job and save your way to wealth is a rotten system with a very bad plan. Invest in the stockmarket for compound interest, making 10.000 into 5 million when you are 70 also is kind of a boring proposition.

As DeMarco states, the goal of this book is to change your perception about wealth and money.

Changing your perception means also changing your believes. Believe that retirement at any age is possible. That old age is not a prerequisite to wealth. Believe that a job is as risky as a business. That the stock market isn’t a guaranteed path for riches, and believe you can be retire just a few years from now.

The challenge is that 90% of all new businesses will fail within 5 years.

If you have any questions for the author just write them in the comment section…

We don’t read books, we read, we squeeze the best and dissect the information. Learning is our passion.

 

Welcome to turbomind book club, today we have the 10 things I learnt about the book The Millionaire Fastlane by MJ DeMarco

Turbomind Book Club
, we give it a 9.8 one of the highest given to any book.

 28-Things I learnt from “The Millionaire Fastlane, Crack the code to Wealth and live Rich for a Lifetime” by MJ DeMarco

Book summary for TURBOMIND Book Club,
By Miguel De La Fuente
http://www.turbomind.com
http://www.turboday.com

Hi, today, today we have the 29 things I have learnt from the book “Millionaire Fastlane, Crack the code to Wealth and live Rih for a Lifetime” by MJ DeMarco

You can download it at www.turbomind.com or at our you tube channel TURBOMIND TV

You Can also watch it  in Spanish at mejoradadia, or in youtube at MEJORCADADIA TV……

So, here are some of the most important things I learnt about this book, these are just my opinions and suggestions,

  1. Traditional financial advice tells you to go to school, get good grades, graduate, get a job, invest in the stock market, max out your 401K, cut up your credit cards, and one day, when you are 65 you will be rich. This is called the GET RICH SLOW, and it’s a losing proposition. This is what the majority does and end up broke. This is what the hypocritical financial experts tell you to do, but they themselves are getting richer giving you this advice BUT DOING THE OPPOSITE, which is with a Millionaire Fastlane Business.
    Get Rich Slow is not the answer. If you want   to retire young, rich and with hair you will have t ignore this advice altogether.
  2. THE LAMBORGHINI MOMENT:
    He sees a guy with a Lamborghini and asks him, excuse me sir, what do you do for a living? The person answers, I am an inventor.Then he made a decision that not only he would own one but he would do it while he was young and vital. A search for young millionaires, under 35 started, developing several business venture but not so good results. He kept studying fameless millionaires.Most of the people in his life gave up on him, his girlfriend told him “you have no resolve”, and she had a secure job at a great rental car agency.
    From that day he makes a decision to control what he thought was uncontrollable, his environment.
    He asks this question: If I could live anywhere in the world, where would I live?
    He moved from Chicago to Phoenix and created a Limo Web site, while working on a limo service in Chicago he asked himself where would people go to get info on limo rental in other cities?
    He learnt a little programming, read books, and promote the web site constantly.
  3. THE LAMBORGHINI MINDSET:
    What do you think when you see a person with a lambo or a Ferrari?
    The next time you see one watch your thoughts. Do you feel anger, jealous, disempowered, and empowered?This is a great exercise and his is where your financial life will be.  First do you think he must be a crook, an athlete? The person was lucky?The kid who asked him to take a picture of his lamborgini, as many as possible because he would NEVER own a car like that.The kid’s choice of perception was poor, and probably because of that would lead to mediocre results. When MJ DeMarco saw one for the first time he thought :Some day, I am going to own one of those”
  4. In 2000 the companies called too see if he would sell his business.
    He sold it for 1.2 million. But after taxes and several bad financial decisions he ended up with $300.000. After a short time he repurchased the web site for 250.000.
    In 18 months he turned the business around, added new technologies and automated the process working less and less and earning more and more.
    He created a money tree that made money 24 hours a day, 7days a week. The business grew exponentially. Some months he profited $200.000, a bad month would profit 100.000.
    The question is , How would your life change if you had 200.000 coming in?
    He sold the business for around 8 million in cash.
  5. A MILLIONAIRES IS CREATED BY PROCES NOT BY ONE EVENT.
    Luck doesn’t create repetitive success.
    Wealth is a process not an event. Same as creating a dish, a chef follows a process of execution. In business, wealth is created by a fabricated accumulation of many disassociated ingredients into an assemble whole that has more value.Wealth eludes most people because they focus on events and not on processes. Most successful sales of a business or apparently one hit sale cover the long arduous work that takes to create a process. The daily hours training, injuries, necessary to become a world-class athlete. People don’t see that, they see the 100 million dollar that athlete just signed.Same as Darius Bikoff who founded Glaceau Vitamin water in 1996 and 11 years later he sold I to Coca-Cola from 4,1 billion. The billion dollar offer is an event, the 11 years of struggle is a process.
    All events of wealth are preceded by processes.
    A successful Process is the road to wealth, but it demands sacrifices that very few are willing to do. An event is a by-product of process.Processes create events that others see ass luck.
  6. WHAT IS WEALTH?
    Contrary to public opinion, your wealthiest moments are not when you buy a new house, or a new toy, it can be totally different, like sharing with people you care about. Wealth is making a difference, impacting the lives of others.
    There are three “F” to wealth
    Family and relationships; by the way a 2003 world survey found that the happiest people in the world have a tight sense of community and strong family bonds. After basis needs are covered, relationships with our partner, friends and family become the most important.
    Fitness and health, and boundless energy.
    Freedom, to choose. To pursue your dreams.No man is a failure who has friends from the movie it’s a wonderful life
    Looking rich it’s easy, being rich it’s much harder. Most people focus on the first one. When you finance an 80.000 car over 6 years, it’s not wealth but impersonation of wealth. Unaffordable material possessions have consequences to our health and relationships.


The irony is that looking wealthy is that destroys real wealth because you are living beyond your means and not having a real plan.


A faster car and a bigger house wont necessary make you happy, which is what the “get Rich slow” mandates. You are conditioned to accept this true.

Most people operate one crisis away from financial and personal ruin. The world is full of undisciplined spenders and consumers. If you are hostage to your lifestyle you are not rich or wealthy.

So, how do you know if can afford something? Great question,
You pay in cash and your lifestyle doest change regardless f future circumstances.

Real wealth comes from discipline, sacrifices, commitment, determination, and delay gratification.
Wealth DEMANDS responsibility followed by accountability. Immune yourself from Victimhood.

  1. THE 3 ROADMAPS TO WEALTH
    -The Sidewalk: Poorness
    -The Slowlane: Mediocrity
    -The Fastlane: WealthA business attached to your time it’s a job, it’s not a true business.These are the don’ts:
    -don’t invest in a needless business
    -don’t operate on a limit scale.
    -don’t relinquish control over your business.
    -don’t trade time for money.
  2. The Sidewalk Roadmap: Poorness.
    The sidewalker has no plan for wealth and no savings. Extra money is immediately spent on new toys, gadgets, phones, or TVs. They look rich but they are one paycheck away from broke. The money outflow always outpaces the money inflow.Its basically a lifestyle servitude fed by an insatiable need for pleasure, instant gratification or image. It’s the path of less resistance. Servitude is the antithesis of freedom. The more you depend on lifestyle servitude, more money becomes destructive to your wealth.
    Here life is force into a rat-race, a constant struggle between LIFESTYLE EXRAVAGANCES and work. You have to be careful because your dream car can be a parasite to your freedom, unless you can really ford it. It’s called “lifestyle imprisonmentMost people live in this category, instant gratification experience. About 60% of people are in this category.They have 650 cable channels, the best TV sets and mobile phones but almost no net worth, or even have negative ones, no saving or retirement plans.
    Interestingly, some sidewalkers earn large incomes but never obtain any real wealth. They spend it all.
    Sidewalker think time is abundant and they spend it like there is no tomorrow. They do whatever gig pays the most. They tell you “I follow the money baby”.
    They show very limited responsibility, they think bad things happen to them, “I am a victim. Is someone’s fault”
    The sidewalker gravitational pull: poorness.
    They are naked, and one deal away from being broke
    They are one event away from being broke. They are one deal away from being broke, from being laid off.
  3. THE LIE OF THE SLOWLANE MENTALITY AND LIVING:
    The predisposed destination for a slowliner is mediocrity. Life isn’t great but isn’t that bad either.While the sidewalker has no financial plan and wants lifestyle aboveall, the slowliner is the contrary: sacrifice today for a freer tomorrow.
    Stop drinking $10 coffee, bring your own coffee. Put 10% of your check for your 401K plan. Delay gratification until you are 65 or older.They sell you the idea that 10.000 invested in the stock market in 50 years will be millions. Who wants to do that? The slowlaner do it.
    The promise is wealth; the price is your life.
    The force behind the slowline is time.The global financial crisis has exposed this slowlane lifestyle, with the stock market and housing loosing over40% of equity.


The money perception of
the slowline is money is scarce and every penny has to be accounted for and saved.


The slowline mind set is settle for less
, give up on your big dreams, save all you can, live frugal, don’t take unnecessary risks.

Some of slowline favorite exressions:
live below your means
Your home is an asset
Be frugal
ClipCoupons
Get out of debt.

When you trade your life for a paycheck you are risking your whole experience. Its insanity to sell your soul Monday through Friday for a paycheck (unless you love your job)

Slowline wealth is improbabl due to uncontrollable Limited Leverage

  1.  Limits on your job that are available
    -trade time for money is to trade your own life for money
    -Limits on your own experience
    -You have no control
    -Dealling with other employees, and politics
    -You pay yourself last
    -Dictatorship on income
  2. The problem with formal education:
    Too much debt, too much time, too little good options.
    It’s very expensive; it takes too much time and adds small intrinsic value.  Formal education leaves you bankrupt after you graduate with huge debt bill. Better your personal or specialize education.
    Most people after finishing formal education end up jobless or with low paying jobs that barely can pay their debt.
    To get rich you do not need an expensive college degree.
    You can build and develop an extraordinary talent at something without formal education. Most billionaires in the top 10 list have no formal education but have been studying al their lives.
  3.  GURULANDIA:
    The PROBLEM WITH MOST GURUS.
    The problem with most of them is that live under the paradox of practice. What they recommend and what they do are two different things.
    Do you practice what you teach? That is the number one way to filter a real guru from a fake one.
    The paradox of practice is when someone promotes a money making opportunity but that strategy is not what made him rich.Gurus promoting investing in real estate but what made them money was selling books, seminars and consulting about real estate. Real estate might be a secondary income but the principal is selling books and seminars investing in real estate.
    Most of these gurus are great entertainers, not financial advisors.
  1. MILLIONAIRE FAST LANE MODEL:
    The fastlane is a business and lifestyle strategy characterized by Controllable Unlimited Leverage(CUL).
    This model promotes a rapid wealth creation and extraordinary lifestyle.
    (This is what we all want, right? Rapid wealth creation and extraordinary lifestyle)
    In this model you own businesses and you are self employed.
    Entrepreneurship is the basis for this model.
    The fastlane is about creating wealth fast, large sums of wealth without the confinement of the middle class.A sample of someone who worked really hard for 4 years, working an average of 12 to 16 hours per day creating his business and then selling it for 32 million dollars. Now he does whatever he wants with his life and his money. This is totally different from the typical middle class working 8 hours for a job.
  2. In the fastlane model:
    It about building a better system, a better product, a better service,  a better “something” that will leverage your work and create value in the marketplace. Here you construct a system that does the heavy lifting for you.Debt can be used to grow a business. Can be useful.
    Time is the most important asset.
    Continuing education and expanding learning is necessary. Keep learning and studying is critical.
    Money is everywhere and it’s extremely abundant, and it’s a reflection of how many lives I have touched and impact.
    Primary income is via business and investments.And the primary wealth accelerator is by making something from nothing, obviously making something valuable. You give birth to assets and make them valuable to the marketplace. Also, you can take existing assets and make them more valuable.
    You create business systems for cash flow and asset valuation.
    Basically, in this model, the more people you help, the richer you will become
    .The wealth accelerator is based on creating or buying appreciating assets, adding value, manipulating the variables and selling them.
    Liquidation events create millionaires overnight.You want a lifetime is passive income either through business or investments.
    You believe that your life is what you make Your financial plan is entirely your responsibility and you choose how to react to circumstances.
    You believe your dreams are worth pursuing no matter how crazy they are, and it will take some money to make them real.

In this model is possible to GET RICH QUICK. It doesn’t mean get rich easy. It means get rich quick creating business and value, creating cash flow and asset valuation.

In the
Here are some other examples of fastlane millionaires:
-the investor who creates some gadgets and sells millions through wholesale distribution.
-The guy that creates a cell phone app and sells it for millions.
-The guy who creates n energy bar and it’s offered 192 million for his company.
-The person who creates a popular blog and sells it to a pharmaceutical company for 4 million.
-The doctor who researches anti aging treatment and sells it for 700 million to a drug company.
-The author who writes book about a teenage wizard and becomes a billionaire.
-The guy who creates an energy drink and sells the company for 550 million.

Facebook and iphone apps are making money fast. One iphone developer, Nicholas, was earning 600.000 in one month with one game.

  1. BECOME A PRODUCER, A CREATOR:
     In the fastlane model you go from being a user to becoming a producer, a creator of value. You switch sides. You change your mind set.  You become wealthy because consumers (majority) seek producers (minority wealthy).
    Here you become an entrepreneur, an innovator, a visionary and a creator. You offer the world value.Instead of buying products on TV, you sell products on TV.
    Instead of taking a class, you give a class.
    Instead of playing video games, you create a video game.The best passive income venue in existence is the money you already have. Hereyou move from consumer to producer, from borrower to lender.Savers become lenders, owners and producers. 10 million dollars at a mere 5% is over 40.000 per month in passive income. At 8% is over 60.000.  At10% is over 1 million per year.Compound interest is most effective with large sums of money not with little money. It takes a long time to create money only from compound interest. To be effective it must bypass the 30 year curve.The rich use compound interest for income and liquidity, not necessarily to get rich.
  2.  THE LAW OF EFFECTION:
    This is the most important law to become rich.
    It states that the more people you affect the richer you will become. The more lives you affect in an entity you control, either in magnitude or scale, the richer you will become and also the faster you will become.
    Affect millions and earn millions.Impact millions of people and earn millions, so the question is how you can impact millions of people?

The more people benefit from your work, from your product, or service, or app or whatever the richer you will become. Your bank account will represent how many people you touch.

Your business needs to make an impact in scale or magnitude or both.
Scale represents units sold.
Magnitude represents unit profit.
It you sell a product that is worth 50 million, you are working with magnitude.
If you sell 50 million pens at one dollar you are working with scale.

Scale and magnitude creates billionaires. Watch a billionaire and you will see a person that has touched may people in scale and magnitude.

Don’t trade time for money unless you earn extremely well for what you do. As an example would be Bill Clinton who has earned over 50 million in public speaking fees, earning over 100.000 per hour or speech. He speaks to millions and earns millions.

Retrace the source of millionaire money and you will see millions of something.

The more lives you impact, directly or indirectly, the more wealth you will create. Become indispensable and irreplaceable. It’s the mathematical power of large numbers. Make a giant impact a few times or small impact millions of times.

Joe Scale writes a book and sells 8 million copies, earning 7for each and earns over 5.6 million.

  1. The Lie of Paying yourself first:

This is a common slowlane declaration, which started with the book in 1926, The Richest Man I Babylon, by  Geoorge Clason, this doctrines promotes save money before you pay everything else, and then use compound interest to accelerate your wealth. He problem with this is that the majority of slowlaner is very hard to save money, money after tax can be 35% less than gross.

(QUESTION FOR THE AUTHOR: however, this can be a great financial discipline to have, to save a little every month, because for security, and because having cash can help you buy things at a discount)

The government is always paid first, especially if you have a regular job. This is why you must own your own vehicle. When you have a job someone owns you. The only way to pay yourself first is by creating your own entity, like a corporation. The corporation helps you pay yourself first.

There are corporations like the C Corporation, the S, and Limited Liability Corporation. Hire an accountant or financial advisor for this.

  1. Your choices make you RICH or POOR.
    It’s always about your choices. Your circumstances are the symptoms of your choices. Choose to be wealthy or choose to be poor, its your choice. Align yourself with your greater purpose.
    The slowlane life denies choice and it gives it to someone else.
    People don’t chose to be poor; they make poor decisions that take them to a poor experience of life. Usually happens slowly.

WHATS CHOSEN TODAY WILL IMPACT YOUR LIFE FOREVER. That’s a great way to live by.


You can make a choice right now that will alter the trajectory of your future,
that can affect your life forever. Now, at this moment.

What choice, or action can you take now that will alter your trajectory that will create an amazing future for years to come?

Some questions you can ask yourself before an important decision:
-what is the worst case scenario?
-what is the probability of this outcome?
-Is this an acceptable risk?

A flip coin, no matter how many times its flipped, the next flip is ALWAYS random.

  1. ONE OF YOUR BIGGEST CHALLENGE IS NEGATIVITY:
    The airplane was one of the biggest inventions of all time because it defied the natural force of gravity and apparently violated the laws ofWhat made the invention by Orville and Wilbur Wrights so extraordinary was not only the invention itself but that IT DEFIED THE SOCIETY GRAVITAIONAL PULL.

It defy what peoples thinking, which it was:
“Flying is impossible, you guys are nuts, you are wasting your time, foolish…”
The strongest headwind was society’s thinking that natural social conditioning that impregnates all minds.
Don’t listen to the naysayers, they have been conditioned by society.
Your strongest headwind in most cases it will
be the negative conditioning from people who think and believe you can’t make it.
Don’t worry about deviating from the average person because the average person is two paychecks away from being broke.
If you want to achieve extraordinary things you will have to develop an uncommon approach to life, one that doesn’t fall in favor of “everyone”.


The more exceptional to want to become and the more extraordinary things you want to do, the more you need to fight through social indoctrination.


Extraordinary results will require extraordinary beliefs.
You have to break free from society’s gravitational force and their expectations.
If you are not careful to break from this natural gravitational force you will end up in a vicious negative cycle which is society prescription for normal.
(go to work, go home, watch tv, go to bed….repeat)

Be careful with friends and family, educational institutions, parents who are conditioned to believe wealth is for other people, Gurus who don’t live what they teach and especially your environment.

Your significant other (husband, wives, boyfriends, girlfriends, fiancés, can represents your strongest headwind or can be your biggest supporter. Having a life partner that doesn’t believe in your dreams and supports them can represent the biggest challenge to overcome.
Bad relationships are huge roadblocks to great success. Making a business successful is enough challenge by itself; you don’t want to add difficulty to the trip.

Have a relationship with a person who believes in you and in your dreams. This can have the greatest impact in your life.

Watch out for the DREAM STEALERS:
People can represent the strongest headwind. People who don’t empower you and add friction to your financial freedom trip.
Turn back or away from these disempowering people. They have been conditioned by society’s gravitational pull. Stay away or their toxicity will infect your mind. Don’t participate in their own misery thinking.

Poverty is first created in your own mind. Misery starts in your own thinking.  If you don’t control these headwinds you will end up playing video games, surfing the net and sleeping on your couch. Negative friends, family or coworkers are difficult challenges to overcome.

Defend yourself against mediocrity, slow assimilation to mediocrity.
You must actively plan to stay away from negativity and people and circumstances that don’t empower you.

Make an effort to surround yourself with empowering people, people who empower you and your dreams, with people who subscribe to the anything is possible mindset, who TRULY want to see you succeed. Positive people nurture your growth.

-Join entrepreneurs clubs, attend networking events, create your own mastermind team, read books and autobiographies of those who had the kind of success you are looking for.

Remember, the natural gravity of society is to mediocre, to be average, to have an ok life.

  1. TIME IS YOUR BIGGEST RESOURCE:
    How long would you stay on line for a free chicken? Two hours? What about if you had one month to live? Would you spend 4 hours waiting for a free chicken?
    Your time is your biggest asset. Value your time poorly and you will be poor.
    The average American watches about 4 hours of TV per day. In a 65 year old life, that represents about 9 years watching TV. A person who spends hours playing online games cannot be very successful; they are valuing entertainment over education.Your greatest mistake is to treat time as if is an infinite resource. You can have more money but not more time. You can extend time with healthy lifestyle but YOU CANNOTRECUPERATE TIME.Financing your lifestyle with things you don’t really need or you can’t pay buys you servitude. You are paying that shinny Mercedes for 60 months or 5years of your life. That is  modern slavery. The average American owes more than what they are worth. When you are financing a new gadget you are getting parasitic debt.Toxic or parasitic debt devours free time. Instant gratification is a trait of the sidewalk. The ultimate wealth is having free time and living the way you want to live. Fastlane is about being both lifestyle rich, time rich, and having wealth.A typical person who values time poorly sleeps until noon, watches TV for hours, and drives 2 hours to save $20. Being poor means you have a poor valuation of time.
  2. GET YOUR OWN EDUCATION:
    With the development of the internet, infinite knowledge is at your fingerprints.
    A fastline commitment is to read a book a week, real education versus traditional education.You can go to bookstores, library, study online, take especial classes, join forums, groups, watch educational TV, listen to audio books, podcast etc.
    For free magazines go too tradepub.com or freebizmag.com.Maximize your time and maximize your wealth. Make sure you focus on what you do and you eliminate the number one wealth killer which is distractions. Think about the time you spend doing nothing or doing trivial activates. How many hours per day do you waste? It’s not only wasting, but these hours could take you further away from your dreams.

Set a book to read at least 12 books per year, I read about a book per week which is about 50 books per year.

Do not attend a 50.000 dollar three day seminar in real estate or anything similar, you will be doing better reading and studying all the material from that particular author. 90% of the 50.000 three day seminar is covered by the book. This type of seminars exploits what producers know, people are lazy and they want everything handed to them. People want events and not processes. A 50.000 oil change is as ridiculous as a 50.000 seminar.

There are great seminars under 1000 by respectable experts that don’t use high pressure tactics, with hype, and exploitative.
How do you know if the seminar is right? The price has to be right, out of proportion prices lets you know the producer is more interested in his bank account than yours.  Second make sure is by a respectable Guru, and that he or she will appear. Sometimes they don’t even appear themselves.

There is a difference between being interested and being committed. You are interested when you buy a book; you are committed when you read the book several times and even write a summary like this one.

Become a producer and produce the 50.000 three day event, you will do much better.

To live like everyone else you will have to do what everyone else won’t do.

  1. Your PERSONAL ROAD TO WEALTH:
    If you are a fastliner, your road to wealth is a business, maybe internet, real estate, author, inventor or entrepreneur. Business opportunities are plentiful.
    The goal is to create a multimillion dollar enterprise, generate passive income, and end at liquidation event or investment partners for part of the business.The most important thing to remember about a successful business is that people care about what your business can do for them. You must focus on solving problems, making life easier for your clients, about adding and providing value to their lives.

Stop chasing money and start chasing needs and adding value.

This is one of the most important concepts in the book, stop thinking about your business in term of what you can get, the money, and start thinking about solving problems, reducing pain points, improving service deficiencies, and improving emotions.


Most entrepreneurs fail because they are just looking for a new stream of income, yes you want that but by solving a problem, by adding value, by being different, by improving something.
Money is not attracted to selfish people but to businesses that fill needs, add value and solves problems.

As Peter Diamandis says solve billion dollar problems and you will become a billion dollars worth.

The amount of money you have in your life is just a reflection to the amount of value you have given to others. If you you a web site that services 10.000 per day you are adding great value, if you are running one that services 100.000 per day you are adding massive value.

Help 1 millin people do any of these things:
-Make them feel better
-Educate them
-Make them look better
-Raise positive emotions
-Make things easier

Ask yourself, what can I offer the world?
How could I add massive value?
How could I dramatically improve X?
How can I help millions do X?

Passion is the key. Businesses that solve problems win.
Your total pool of customers creates your community.
The larger the habitat the greater the potential for wealth.

  1. BE EXCEPTIONAL AT WHAT YOU DO
    The best way to beat mediocrity is to be exceptional, to offer an exceptional business, service, or product.
    Exceptional beats the odds of winning in business and in life.
    90% of business fails in the first 5 years because they offer an average product or service.
    If everyone s is doing something, the ONLY WAY t survive and thrive is to be exceptional.
    If you are exceptional, easy entry, as in most industries have these days, becomes not a liability but an asset. Entry is a process not an event.

Being exceptional at what you do with give you a 200.000 a month business that gives you the lifestyle and freedom you want. To create this, you need to control your system and every aspect of it. No control equals destruction.
Invest in your brand, not others brand. Network marketing is a fastlane business but only if you create and control the company.

  1. FASTLINE BUSINESSES
    -the internet
    -Innovation
    -Intentional Iteration (not having a store but hundreds maybe through franchising
    These are some of the most important ones:

    Subscription based on The internet;
    Offer uses access to data, information or software. 10.000people pay you 10 a month and you earn 100.000. 30.000 people paying 10 dollar per month gives you 300.000 per month.
    This is a perfect example of an internet business system in which the business is the system.
    2. Content based, here includes online magazines, blogs that disseminate information. These are one of the most difficult these days because the entry barriers have come down.
    3. Lead Generation:
    This is when you have a fragmented industry into a centralized source, you put consumers and offers together.
    4. Social Networks:
    These are like-minded communities. Social networks are a spin off social systems. People are pulled into groups.
    5. Brokerage systems:
    brokers bring buyers and sellers together and facilitate transactions.Many web sites are selling for billions and don’t have a penny for profit. Traffic, visitors to a web site or app also has boundless upside scale. These models have limitless upside.Inventing is still recognized the default get-rich quick method out there, it’s still a great way to get rich. Not only inventing but improving something can be considered as inventing. The best entrepreneurs are people who improve things. They take existing concepts and improve in them.

Authoring is a potent fastline, even if by reorganizing information. Writing a book is not a business, selling a book is a business.

One kiosk of candy in a mall is not fastline, but having 2 or 20 it is fastline business mentality.

The best fastilines satisfy all 5 commandments: control, entry, need, time, and scale.

The internet is the fastest interstate because satisfies all commandments.

When you see people complaining about something search for the opportunity of those complains. Think about how to solve those complains, solve those problems. The best business opportunities are solving those everyday problems that people have.

Look for things like; I hate…..i don’t like……this frustrates me….why is this like this……do I have to….i wish there was…..i am tired of….this sucks…

  1. Define your ideal lifestyle:
    define where you want to live, the type of house you want to live, the car you want to drive, the city, everything about your lifestyle.
    What exactly do you want? Write everything down.

The slowlaners seek to minimize expenses while the fastlaners seek to maximize income and asset value.
Be careful with financial experts and advisers choose them well, most are not very successful themselves.

It’s your passive system that truly gives you the lifestyle and the freedom, time and money.

  1. THE POWER IS IN THE EXECUTIION
    its human nature to look for events and avid processes because take longer and more effort. Ideas are worthless, execution is priceless.
    Most entrepreneurs love ideas but not so much execution.
    The owner of an idea isn’t the one who has it but the one who executes it. Execution represents actual money. Execution is putting your feet into the accelerator.
    People say, oh there is someone doing it…..ok….but if you improve on the execution you become the leader in your industry or niche. Execute your ideas better than your competition.
    Ideas are so easy but execution is so hard, especially exceptional execution. Execution is a process not an event. This is why is so difficult.Satisfied customers can be human resources systems who promote your business for free.
  2. Build a brand in addition to a business
    Marketing and branding is the most powerful tool in your Fastline Tool box. Businesses survive, brands thrive.Develop a unique selling proposition (USP)
    Discover your benefit
    2. Be unique
    3. Be specific and give evidence.
    4. Keep short, clear and concise.  The best USP are short, clear, and powerful.
    5. Integrate your USP into all your marketing.
    6. Make it real. Deliver on what you say.Get noisy. Be the same as when you are in a traffic jam, you get noise, don’t be like everyone else. Raise  above the noise, make your brand raise above  the rest.Ways to Raise above the Noise:
    1. Polarize, extreme opinions cause traffic.
    2. Arouse emotions. If you move your audiences emotions they will buy. Your message will rise. Make people feel something
    3. Be Risqué. Sex is a great noise reduction, like the godaddy ads for the superbowl, they weren’t that great but got people attention. Or like a woman doing her lectures on video on her bikini.
    4. Encourage interaction.. engage people. People love to talk about themselves. Create unfinished stories so people have to go to a web site to see the rest. Tease people.
    5. Be unconventional. Sell a Lamborghini for a dollar.Satisfy people’s selfishness. They want to help themselves. Focus your message on benefits not features. Tell people what exactly is for them. People buy convenience. The buy things to solve needs. You must become a problem solver, translate advantages into benefits, put yourself in the other persons shoes.
    (Quit wasting time with notes, notepads, have a place for where your success is created, kept, keep you most important memories, goals, achievements, happy moment in one place for life)Price is a brand builder because it implies value. The more expensive your price, the higher its perceived value. Provide a service that offers better value than your competition.
  3.  ONE PURPOSE:
    Concentrate on one sole purpose, that’s the way the richest people in the work become so. They specialize in one thing, one company, one activity and they become exceptionally good at it.This is one of the hardest things to do in today’s world, to focus, to concentrate in one thing when there are so many distractions available at any given moment.To be on top of your game you have to eat, live, and dream your thing. If you are doing 10 different things you are using the recipe for average results. If you want to create extraordinary success you need to become extraordinary. Focus on one thing and do it in the most excellent way. Do not divert your attention into other things. Focus n your sole purpose and build from there.Real success comes from focus, not from split attention.Remember, if your dream is alive, you already are living it.

FAVORITE QUOTES:

WHATS CHOSEN TODAY WILL IMPACT YOUR LIFE FOREVER

Extreme talent, being very good at a difficult thing gets paid really really well. Extreme talent gets paid extremely well.

You can make a choice right now that will alter the trajectory of your future, that can affect your life forever

Responsibility is the price of greatness.
-Winston Churchil

Remember, if your dream is alive, you already are living it.

Normal is CONDEMNATION to mediocrity

Slowlane millionaires make millions in 30 years or more, fastlane millionaires make millions in 10 years or less.

Sowlane millionaires have MBAs, fastlane millionaires

hire people with MBAs.

Change creates millionaires. Web companies need to be constantly reinvented.
You cannot be a victim if you don’t relinquish power to someone capable of making you a victim.

Normal is not smoothing to aspire; it’s something to get way from.
Jodie Foster

The object of life is not to be on the side of the masses, but to escape finding oneself in the ranks of the insane. Marcus Aurelius

Wealth is the ability to fully experience life.
-Henry David Thoreau
Instead of owning your stuff, your stuff owns you.

Money doesn’t buy happiness because is used for consumption, if use for other purposes it will buy happiness.

POWERACTIONS FROM THE BOOOK:
1. Change your short term thinking, or instant gratification into a long term thinking or delay gratification. Buy more in cash and much less with credit.

  1. CHANGE YOUR TIME INVESTMENTS:
    instead of spend limitless hours on commenting on gossip blogs, playing videogames and watching TV, American Idol, use some of that time studying, reading books, learning, improving yourself, reading autobiographies of extraordinary people etc.3. Get out of the rat race. Better to work on your own time, you can work 7 days straight with no day off and then take off whatever you need than to follow the usual 5 days week.
  2. CHOOE WISELY YOUR EDUCATION:
    instead of formal education get into specialize education, take special courses on programming, read books, take seminars etc
  3. Become a creator, a producer, an entrepreneur, a visionary.

Questions for MJ DeMarco:

Some questions for the author,
So, how do you know if can afford something? Great question,
You pay in cash and your lifestyle doest change regardless of future circumstances.

What do you mean by extreme talent?

(QUESTION FOR THE AUTHOR:however, this can be a great financial discipline to have, to save a little every month, because for security, and because having cash can help you buy things at a discount)

POWERQUESTIONS:

How could you accelerate your net worth and create wealth?
How could you dramatically
increase your income?
How could you create residual income for life doing what you love
(enjoy doing)?
What are your ultimate financial goals and dreams?

What choice, or action can you take now that will alter your trajectory that will create an amazing future for years to come?

WEALTH BELIEFS:

  1. You believe that Millionaires don’t become so by luck or stumbling into money, they become so as a result of a financial roadmap.
  2. You believe that How you life unfolds is determine by your choice more than anything and those from your beliefs. Change your choices change your life.
  3. Believe that retirement at any age is possible
  4. Beliefs are powerful mechanism that drive action weather true or not.
  5. You believe that to get rich you do not need an expensive college degree. Yu can get education by other means. There are much better ways than formal education.
  6. You believe that your life is what you make out of it. It’s the result of your thinking, your beliefs, and your choices.
  7. You believe Your financial plan is entirely your responsibility
  8. You believe you choose how to react to circumstances. You may not choose your circumstances, but you choose how to react to them.
  9. You believe your dreams are worth pursuing no matter how crazy they are. You believe you can achieve your greatest dreams.
  10. Your dreams will take some money to make them real.
  11. GET RICH QUICK is possible; it can be done using the fastlane model of creating something from nothing, through business.

 

POORMANS BELIEFS:
Rich people got lucky, lucky bastards. It’s a Sidewalker’s creed.
-Luck is needed for wealth
-Wealth is an event
-Others can give wealth to me.
– To get rich you need an expensive college degree.
PHRASES
it’s basically a lifestyle servitude fed by an insatiable need for pleasure.

The author says he was earning about 200.000 per month at the peak of his internet business before selling it for the second time.
Lottery winners tend to lose their millions because they haven’t developed the financial discipline to keep and grow their millions.

INTERESTING FACTS:
I a survey of 3000 pentamillionaires, meaning 5 million net worth or more,
(harrisongroupinc.com) almost all of those made their fortunes by a big lump sum after a period of years.

POOWERWORDS

Lifestyle Servitude
lifestyle imprisonment

POWERIDEAS:

Most people operate one crisis away from financial and personal ruin. The world is full of undisciplined spenders and consumers. If you are hostage to your lifestyle you are not rich or wealthy.
Washington Post experiment with Joshua Bell, one of the greatest violinist in the world, after playing a concert for $100 per person, playing in the subway free for 45 minutes, and no one stops, playing with 3.5 million dollar violin.

Slowlaners and sidewalkers buy and sell depreciating assets that decline in value, like car, boats, electronics. On the contrary, fastlaners buy and sell appreciating assets like businesses, brands, intellectual property, inventions and patents.

The parable of the Fastlane Wealth:
a great Egyptian pharaoh and his two young nephews….

The strongest headwind was society’s thinking that natural social conditioning that impregnates all minds.

La parte más difícil de superar del invento no fue el invento del volar en si, paradójicamente fue la fuerza gravitacional del pensamiento, ese condicionamiento mental que decía que n se podía hacer….

La fuerza gravitacional del pensamiento

El condicionamiento mental

La tendencia natural de la sociedad es a ser mediocre, a ser average, a ser normal……la tendencia gravitacional de la sociedad es a ser un mas…por eso es sociedad….no es a ser excepcional, a hacer cosas increíbles…..asi que vas a tener que luchar contra eso si quieres salir de la media y lograr algo realmente único.

You can download this summary at www.turbomind.com
as well as hundreds of inspirational products.
You can Go to turboday.com and download turboday total success diary app, this app will help you become more successful, more productive and happier than ever before. It’s absolutely free.
Also you can call me for a TotalSuccess coaching session to develop a crystal clear vision for your life and the commitment to follow through, basically to take your life to the next level.
You can donate inspirational accessories at turbmind.com.
In addition you can listen to this summary in Spanish at www.mejorcadadia.com.

You can contact me with suggestions at migueldelafuente511(at)hotmail.com, or by whatsapp 507-62463797

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“Millionaire Fastlane” turbomind book club.
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