These are people who are following “the system.” They’re going to college, working hard, paying down their debt, investing in their 401(k)s and some other conservative investments, taking modest vacations and planning big things they’ll do after retirement – whenever that might be. I had to make the choice that just-getting-by wasn’t good enough any more. The point that MJ makes is that you can’t keep this “sidewalk” mindset if you want to become truly wealthy. One missed paycheck, one unexpected expense, and so on. No matter your income, a key part of this “sidewalk” lifestyle is being one something away from true poverty. But there are also people like I used to be – with high incomes but a terrible financial situation, always spending more than they earn, nothing but “surface stuff” to show. Yes, there are poor people living in this lifestyle. It’s almost a supplemental “income.” To the Sidewalkers, “stuff” is more important than just about anything, and having the best of it is paramount – even if it means charging it! The thing that stuck out to me most about this way of life is that it is not income-dependent. Debt, to a sidewalker, is a way to get something now. Sidewalkers. These are the people in the debt-slavery mindset.In the book, MJ describes three types of people: So that’s the point of this book – exploring the mindset that leads to wealth creation, and dispelling some mindsets that discourage it. The money might come all at once, but it doesn’t come easy.Īnd it doesn’t come at all unless you’re in the right mindset. Getting rich “quick” is preceded by hours and hours of work. It’s a process. The goal of The Millionaire Fastlane is mindset and process. It goes behind the scenes of the “wealth events” of MJ and others – you know, the types of people who invent something and sell millions of them in a month? And the secret is, these aren’t one-time events, not really. When I started reading The Millionaire Fastlane, I have to admit I was a bit skeptical of the premise – the idea of some kind of “fastlane” to wealth – but I realized after reading further that MJ’s fastlane isn’t about “get rich” schemes. In fact, he even specifies that there’s a difference between “Get Rich Quick” and “Get Rich Easy.” Debt bookshelf that we’ve read, reviewed and then given away to a reader!įor those of you who aren’t familiar with his work, MJ DeMarco is an entrepeneur, investor, author and, yes, multimillionaire. Well, we’ll come back to this in a bit, because it’s the question I’ve been kicking around in my head as I read The Millionaire Fastlane by MJ DeMarco, which is one of the many books on the collective Man Vs.
What this means is, when it comes to books about how to become rich, I’m probably the perfect reader demographic, but maybe not the perfect reviewer demographic.Īfter all, why would you want to hear what I have to say about someone else’s ideas on wealth? After all, I’m not particularly wealthy, right? You’re shocked? (Er, if so, maybe you should check out the scary details of my finances.) So here’s the thing about me: I’m not rich.