Joel H’s Reviews > The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime! > Status Update

I controlled my financial plan; the plan didn’t control me. Fastlaners accelerate wealth by building cash-flowing assets that can be sold in the marketplace to realize gains. Money grows on trees if you own a money tree

I’ll rather have exposure to 12,000 people a day, than maxing out my hours at work which is only 24. 12,000 vs 24, is it really a question ? You have greater control over your leverage (%) doing your business that you own than asking your boss for a raise (%). Asset value is what you own that has marketplace value. Slowlaners buy Depreciation Assets like designer, Fastlaners buy Appreciating Assets like Business

Wealth = Net Profit + Asset Value
Net Profit = Units sold x Unit Price
Asset Value = Net Profit x Industry Multiplie

The fast lane is like the industrial revolution, make things better and faster basically make it have more value. “Azur, your short-sightedness and thirst for wealth have clouded your vision. You build your pyramid, and I will build mine.” Azur is the slowlaner, he is the source of heavy lifting, Chuma is the fastlaner, he made a system do the heavy lifting for him. Consumers seek producers for their needs

slowlane failure rate is 75%. A million today isn’t a million like it was years ago, you need 10 million for it be enjoyable. Slowlaners and fastlaners are the opposite. One goes to school for an mba and the other hires them

The slowlane is all hope not fact. it’s always trying to fight time when it’s not possible. slowlaners also like to rely on others for their financial plan. Everything else but themselves.

Gurus preach what they don’t do. They’ll sell you the dream you want without any real success. They sell you the slowlane, which isn’t the reason they become “rich”, but they operate on a different system, the fast lane. they make millions selling millions of books about how to get rich

If an education degree increases your salary by 15%, but takes 15 years to pay, was it a good investment?

I’m not rich because i don’t have control over anything in my life. Everything is dependent on time, which is something we can’t control. Why should i wait 40 years for 1M+ when it’s not promised i’ll live that long. Why not trade 5-10 years for the same result but with a more higher return?

We trade 5 days for 2 days of freedom, -60% investment, something we wouldn’t do with our money. Better to invest 7-0 for a return of 0-7. Don’t trade freedom for less freedom. Life isn’t great, but it isn’t so bad either