“All events of wealth are precluded by process, a backstory of trial, risk, hard work, and sacrifice. If you try to skip process, you’ll never experience events.”
This is a paradigm shifting read. The Millionaire Fastlane by M.J. DeMarco speaks to those with an entrepreneurial disposition. He spends a lot of time reenforcing the mindset shift that we are not just supposed to be interested in our personal and professional aspirations, but rather committed. And there is definitely a difference. He often references his path to growing his businesses and enjoying great wealth as a result. I enjoyed the unconventional advice shared in this best selling read.
highlight #1
Make an impact & add value
DeMarco cuts through the noise with this elementary advice:
"Make 1 million people achieve any of the following:
Make them feel better.
Help them solve a problem.
Educate them.
Make them look better (health, nutrition, clothing, makeup).
Give them security (housing, safety, health)…[etc.] and I guarantee, you will be worth millions.”
highlight #2
protect your time
Value your time poorly and you will be poor. When time is wasted as a lifestyle choice you will be stranded in places you don't want to be.
applied takeaway
ADD VALUE, EVEN WITHOUT RUNNING A BUSINESS
I earn an income by adding value. The markets grow my investments as a result of value added. Whether it’s choosing to run a company, start a side hustle, or invest in someone else’s enterprise, the foundational principle is the same, the fastest way to grow your wealth is the exchange of value.