This is the most honest and straight-forward book on becoming rich I have read. MJ deMarco is a self-made millionaire who promotes an alternative way of getting wealth. He believes that the traditional path of saving and investing is a road to mediocrity and financial slavery. Instead, he advocates entrepreneurship and building scalable businesses that generate passive income.
The author presents the world as having three financial roadmaps - The Sidewalk, The Slowlane and The Fastlane. People that are living off social programs, relying on their education degrees and incremental raises are on The Sidewalk. Those that are pursuing an entrepreneur or corporate career and taking risks are in The Slowlane. The ones that are building a business around their passion and creating products or services to solve problems are in The Fastlane. The author believes that the people in the Slowlane have a 17% chance of becoming rich because they could die before reaching their goals, the stock market might tank and their investments will be worthless, their home mortgage may be underwater or they could lose their job etc.
The Fastlane on the other hand has a much higher chance of success. This is because the people in this lane are creating real value and generating passive income for themselves and for other investors. The author also believes that the key to the Fastlane is not luck but discipline and dedication. The people in this lane are not only working seven hours a day, six days a week but they are also doing it for the long haul and are fully committed to their success.
