The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime - cover

The Millionaire Fastlane

Crack the Code to Wealth and Live Rich for a Lifetime

By MJ DeMarco

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About the book

MJ DeMarco's personal finance book attacks what he calls the Slowlane: the standard advice to finish school, take a good job, save 10 percent of each paycheck, give up small luxuries, trust savings to the stock market and retire rich at around 65. DeMarco argues that this plan amounts to a gamble on markets no one controls, including housing, stocks and jobs, and that it postpones wealth until old age. In its place he proposes the Fastlane, a quicker road that he says can lead to financial independence while still young. He explains why jobs, 401(k) plans, mutual funds and decades of frugality cannot make a person rich early in life, and why most entrepreneurs fail.

Ali Abdaal included it in his 2021 favourites, calling it a solid guide to building wealth despite its click-bait title, and Nick Loper of Side Hustle Nation found it cheesy in places but motivating on what it takes to skip the traditional path.

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This book has 5 recommendations

Scott Oldford (Founder/LeadCraft)

I don't know how many times I read that book when I was broke but, of course, the sidewalk, slow, and fast lane, I borrowed that for the SSF method that I talk about sidewalk, slow, and fast lane for lead generation. He talks about it from a financial perspective, so almost completely, entirely unrelated but that book was very, very life changing for me. So, two of those books, by far, the best books that from a level of changing my life at the right time.

Turgay Birand (Founder/Edition Guard)

It completely changed the way I look at entrepreneurship and the criteria for a successful business.

Andreas Zhou (Co-Founder/Askable)

Great read to help get you into the mindset of building a scalable business to create wealth quickly vs following the stereotypical career path.

Nick Loper (Chief Side Hustler/Side Hustle Nation)

Kinda cheesy with all the supercar references but will motivate you and explains what it really takes to shortcut the traditional path.

Ali Abdaal

Despite the click-baity title, it’s a solid guide to wealth creation.

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Scott Oldford, Turgay Birand, Andreas Zhou, Nick Loper, Ali Abdaal

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MJ DeMarco

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