
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.
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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Often recommended alongside
- The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss (2 shared recommenders)
- The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It by Michael E. Gerber (2 shared recommenders)
Appears in collections
- Financial Literacy: Books That Help You Take Care of Your Future
- Best Time Management Books
- Best Stock Market Books for Every Level
Sources
- How Scott Oldford Went from $726K in Debt to Building a Business that Generates $10M in Revenue (Growth Everywhere podcast)
- Interview with Turgay Birand
- Andreas Zhou, Co-Founder of Askable, Shares the Books that Gave Him a Better View of Business
- Nick Loper, Chief Side Hustler at Side Hustle Nation, on How Books Improve Business Mindsets
- My 2021 Favourites - Ali Abdaal (LifeNotes newsletter)

