The book devotes sections to cover each of these types of people in detail (LOTS of detail). Essentially, entrepreneurs who strike it rich. They ‘effect’ millions of lives, build assets that they can sell for ‘multiples’, make money while they are asleep, etc. These are the ‘acolytes’ of common groupthink, and followers of the popular wisdom of getting rich ‘slowly’.Īnd then, of course, there are the Fastlaners – these are those who identify opportunities to build wealth quickly and deploy their wealth in the “money machine” (of dividends and interest) and retire early in their lives. They are the people who seek to get rich old, and according to the author, gather wealth only to see themselves unable to spend it in their old age in things they wished for when they were young. The Slowlaners are those that work hard, save diligently, invest in prudent instruments, and build a nest egg for their future and retirement. They are innumerate (financially illiterate), live their life credit card bill to credit card bill, blame the system for their ills, and live a life of penury, or worse, a debt-laden life of faux luxury. The Sidewalkers are those that pay little to no attention to their financial life. The Sidewalkers, the Slowlaners, and of course, the Fastlaners. He eventually sells it (and buys it back, and sells it again) to get to where he is today.īased on this life journey, and his observations of fellow seekers of wealth in the road of life, DeMarco says that there are three kinds of people. This was in the late ‘90s and not very surprisingly, the author goes on to found a dot-com company that provides a niche service (and does it well). The answer that he gave (I won’t spoil it for you, and it’s not really material) sets the author on a journey of self-discovery and his eventual riches. He approached the owner and asked him how he could afford it at his age. During a trip to an ice cream store one lazy afternoon, he spotted a Lamborghini car and its surprisingly young owner. By his own account (which starts off the book), he was hopping across several jobs after his graduation until he had this moment of clarity. The Millionaire Fastlane – An overviewįirst things first.
In this review, let me give you a summary of what the author says, and tell you what I thought about the ‘fastlane’ he recommends. While not quite liking it, I could quite see why some people will really find it inspiring or at least, alluring. I just finished it, and I have to say, I hated it.īut, if you read it, you may like it. Some of them REALLY liked the book, and other others REALLY hated it. However, people who commented on this recommendation seemed quite polarized. But one book that got the most mention was this book by M J DeMarco titled, “The Millionaire Fastlane”. The answers that followed ranged across topics of investing to motivational to actual business books. In an entrepreneur forum that I follow, someone asked a question to the group – “Which books made you the most money?”.
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