The Summary Of The Millionaire Fastlane; How To become a Millionaire guide

Hello Friends, 

Today I am going to discuss to you about the very famous book - The Millionaire Fastlane by MJ Demarco

The key message in this book is that there are mainly two lanes to become a millionaire. The first one is called the Slowlane and the other one is called the Fastlane.

Almost 80 percent of people choose the first one, the Slowlane. Because we all know the strategy and it's quite simple and the strategy is to get a good education so you can get a well-paid job, then work hard and save and invest your well-earned money. Then after when your age approaches 60, you'll eventually be able to retire and enjoy your wealth. But there is problem with this strategy -

First, it might not actually get you where you want. Yet this way leads to lifelong servitude and there's no guarantee you'll end up rich. the main problem with this strategy is when you get to the stage where you can finally reap the benefits of your saving money and time, you'll be old. This strategy is based entirely working hard while you're young so that you can enjoy the rewards when you're older. 

But there's another good and better way to become a millionaire. We will talk about this later. Before you start thinking about it, you should know what wealth is. When most of us hear this word, we tend to instantly think about Money💰. But really, there's far more to it than that. Actually, Wealth is a combination of things that make you feel satisfied. And there are three main components which are necessary for us to feel happy with our lives.

The first one is our health and physical fitness; the second is meaningful relationships, including family; and the third is freedom. So being wealthy isn't just about owning lot of cash.

Being financial independent does put you on the path of wealth, in particular, because it enables you to have freedom. Therefore, when you find yourself in this situation, you can use your money to buy you the freedom to spend your time as you wish, to visit places you want to visit and generally do what you want.

Next, becoming a millionaire is the result of a process, not one big hit. Becoming rich doesn't occur at the snap of a finger. 

So stop praying for your one big break, because doing so encourages you to make poor decisions, hoping for one big chance might influence you to gamble on minimal odds, like playing the lottery.

So what you should do, the other option is to choose to go through FastLane way, though: Pinpoint a good market niche, work out a business plan and take a few years of effort to built a system that generates income, even when you're not working. 

To become wealthy independently you must create a product or business that is self-sustaining. If you want to become so wealthy that you no longer need to work, you need to build a company or a product that generates income even while you sleep.

One great example is the writer of Harry Potter books J.K Rowling. Her books became the best selling books of all time and the movie adaptations were also immensely successful. As a result, She became a multimillionaire. This System of Fastlane is the most effective way of being rich.

So the next time you 're bored, use the time to brainstorm or soak as ideas for a product or a read an article in tech or art magazine. While you are waiting for someone's office. It's important to keep trying, find new ideas make a plan and test them out.

If you want to purchase this book then you can buy it from here -

It's Vipul Saini signing out 

Till then bye bye 

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