How to Become a Millionaire? The Millionaire Fastlane by Mj Demarco | Book Review

The book The Millionaire Fastlane presents a straightforward approach to personal finance, financial independence, and building wealth before retirement. Without sugarcoating, MJ DeMarco shares his philosophy on choosing the Fastlane to get to the point in life when you can exclude the word “budget” from your vocabulary and experience anything life has to offer.

He claims before taking any action, first you need to change your mindset and switch your strategy from a long-term oriented employee who may be living off debt and income, to becoming a hands-on entrepreneur who starts their own business right away.

Weronika breaks down the 3 ways of getting to wealth DeMarco describes in his book, to follow up by various wealth equations for each way, to wrap the review up with 5 commandments you need to fulfill to run a successful business.

IN THIS EPISODE, YOU'LL LEARN:
00:00 - Introduction
00:48 - About the Book
01:50 - 3 Roadmaps to Wealth
02:18 - The Sidewalk - Poverty
04:03 - The Slowlane - Mediocrity
06:02 - The Fastlane - Wealth
08:00 - 7 Mindsets of Behavioral Characteristics
09:57 - Wealth Equations and Examples
10:52 - Growing Fruit-bearing Money Trees
14:31 - 5 Commandments of owning a successful business
16:31 - Who should read the book?
16:42 - Wrap up