The Millionaire Fastlane
The Millionaire Fastlane

The Millionaire Fastlane

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. (Location 1330)

1) The “primary income source,” which defines how income is earned, and 2) The “wealth accelerator,” which defines how wealth is accumulated. (Location 1333)

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. (Location 1911)

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. (Location 1928)

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. (Location 2114)

You move from employee to employer. You move from customer to owner. In other words, people pay you to use YOUR MONEY in the form of interest or ownership. (Location 2255)

Money is your army. The more you have, the more they will fight for freedom. Slowlaners focus on the expense variable in the wealth equation when they should be focused on the income variable. Income is the key to growing your army of freedom fighters. You aren’t going to recruit a massive army detailing cars down at the Jimmy’s Auto Salon. (Location 2282)

Scale creates millionaires. Magnitude creates millionaires. Scale and magnitude creates billionaires. (Location 2374)

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. (Location 3343)

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. (Location 3873)