Understanding that money is a unit of currency, where its only value is what it is traded for, will significantly affect your mindset regarding wealth creation. This section aims to change the psychology of money and is not a step-by-step guide to personal finance. The former of the above list is where money can help Freedom means having the option to spend your time however you choose, without needing to restrict it. It has been shown that after a certain income when all needs are met and there is money left over for investment and entertainment, happiness only marginally increases with money.
The adage “money does not buy happiness” is true to a point. Let’s go over the three main points of the Millionaire Fastlane: Best ideas from DeMarco’s Millionaire Fastlane The Definition of WealthĭeMarco defines wealth in three different ways: freedom, relationships, and health. This means you may upset a few people in your non-traditional methods of obtaining wealth. The Millionaire Fastlane aims to define the true meaning of wealth and how to get there quickly. There are big concepts introduced in the book that mostly have to do with mindset rather than producing income. This book can both be summarized in a few points, or even an entire journal or essay. It is only fast if you put in the effort, hours and change the way you think about money.
The book is true to its roots, there is a “Fastlane” to success, however, this does not mean a shortcut. In your head, you may see “Fastlane” and think “get rich quick” which has been disproven over and over again as a sustainable way to produce long-lasting and even generational wealth. The title of The Millionaire Fastlane is a bit of a misnomer, as it was written to entice everyone to read it.
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