There are 3 main takeaways that I took away from The Millionaire Fastlane which I feel are related to financial freedom. Financial Freedom Takeaways The Millionaire Fastlane Summary If you are only affecting a few people in a small way, you’re not going to make a ton of money and you’re business isn’t going to be very successful.

DeMarco takes a not-commonly-mentioned but brutally intuitive fact and gives it to readers as it is: you need to provide value if you want to make money. OR alternatively, affect a few people in a MAJOR way. Basically, that to make millions of dollars you need to affect millions of people.

But most people need to follow certain guidelines to build a great business.Īnother thing that DeMarco mentions is the Law of Effection. There might be some people for whom that works. Your business much also follow CENTS to be successfulīasically, DeMarco is saying that you can’t just “do what you’re passionate about” and magically get rich.There are 5 distinct business systems which are scalable and can give you financial freedom.This is the main crux of the book, so obviously it will be impossible to summarize it in a few sentences, but some key points that I derived are.

There are certain rules that your business must follow. However, you can’t just start ANY business and expect it to be successful. Within the book, MJ DeMarco covers various topics such as your financial education, how the definition of wealth doesn’t revolve money, but most importantly, the importance of starting and scaling a business if you want to be part of the “fastlane”. Instead of saving and investing for 40 years to become rich, you can become rich by building a successful business. (Wouldn’t you rather be young and rich than old and rich?) The Millionaire Fastlane is a path that’s vastly different. Most financial advice nowadays sounds something like “invest consistently for 40 years and you’ll be rich.” Which, although might be true, isn’t exactly exciting. In short, the Millionaire Fastlane is a redefinition of wealth from society’s standards. The main thing that the book revolves around is, you guessed it, the Millionaire Fastlane™. Without further ado, let’s jump right in!ģ.1 Share this post: The Millionaire Fastlane Summary The Millionaire Fastlane Summary Also, if you stick to the end, I’ll provide some “similar book” recommendations. In this post, we’ll run through a quick summary, I’ll share the takeaways, and finally provide my own thoughts. AND that I would consistently write book summaries from now on. We shared our reading strategies and Seba asked an interesting question: “have you ever considered writing book summaries from a financial freedom perspective for people who are too busy to read the actual book?” My answer was no, but I DID promise that my next article would be a book summary. Apart from just the usual finance stuff, we also discussed TikTok, productivity, and curiously enough… reading. During our chat, which you should definitely go check out when it comes out, we talked about a LOT of things. I had the honor a few days ago to go on the Business Kids Podcast and chat with Seba and Jesus. I was debating what book to start with for a while, before ultimately settling on one of my all-time favourites: The Millionaire Fastlane by MJ DeMarco. Here is the first of my book summary series! In this series, I’ll be summarizing/reviewing my favourite books (finance or not) and pulling out the best advice from a financial freedom standpoint.

The millionaire fastlane pdf