The Millionaire Fastlane
Ratings37
Average rating4.3
Really inspiring book! I read it after a recommendation and it shifted my thoughts about money and financial independence. I listened to the audiobook but I’m after a summary to get only the key takeaways to refer to later as the author sometimes keeps beating around the bush comparing the types of mindsets. MJ is clearly a “I love cars” kind of guy and is always referring to cars to illustrate his points, which personally I think is kind of dull, but if you can ignore that it could give you some good insights.
This book started off slow for me. So slow, in fact, that I would say that the true value of this book didn't even begin until I was 4.5 hours into the Audiobook.
However, once it reached that point, it never slowed down in its imparting of knowledge. Finally, I was able to see why this book was so valued. I learned a lot of things from this book, some of it things I'd observed on my own but didn't quite know how to piece together.
Very insightful.
A must-read. Contains actionable advice for people who want to start a business that will supplement or even replace their core source of income (trading time for money).
Top 3 Takeaways -
1. The money that you will make in business will correspond to how much VALUE you provide to your customer, who is in great need of your service.
2. You don't need to reinvent the wheel or make a huge breakthrough. Just identify pain-points that abound everywhere, and DELIVER the existing services with better customer service or more convenience.
3. Making money in a business - either sell your product/service at a high cost to few customers (magnitude), or at a low cost to many customers (scale).