#32 - The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime! - Book Review
Is the financial plan of mediocrity -- a dream-stealing, soul-sucking dogma known as "The Slowlane" your plan for creating wealth? You know how it goes; it sounds like this: "Go to school, get a good job, save 10% of your paycheck, buy a used car, cancel the movie channels, quit drinking expensive Starbucks lattes, save and penny-pinch your life away, trust your life-savings to Wall Street, preferably a low cost indexed-fund, and then one day, when you are oh, say, 65 years old, you can retire rich."
The mainstream financial gurus have sold you blindly down the river to a great financial gamble: You've been hoodwinked to believe that wealth can be created by recklessly trusting in the uncontrollable and unpredictable markets: the stock market, the job market, and the housing market. This impotent financial gamble dubiously promises wealth in a wheelchair -- sacrifice your youth for a financial plan that reaps dividends in life's twilight.
Accept the Slowlane as your blueprint for wealth and your financial future will drift carelessly on a sailboat of HOPE: HOPE you can find a job and keep it, HOPE the stock market doesn't tank, HOPE the economy rebounds, HOPE, HOPE, and HOPE. Do you really want HOPE to be the centerpiece for your family's financial plan?
Drive the Slowlane and life will deteriorate into a miserable exhibition about what you cannot do, versus what you can. For those who don't want a lifetime subscription to mediocrity and a lottery-sized chance of elderly riches, there is an alternative; an expressway to extraordinary wealth that can burn a trail to financial independence faster than any road out there.
Why jobs, 401(k)s, indexed-funds, Wall Street, and 40-years of mindless frugality will never make you rich young.
Why most entrepreneurs fail and how to immediately put the odds in your favor.
The real law of wealth: Leverage this and wealth has no choice but to be magnetized to you.
The leading cause of poorness: Change this and you change everything.
How the rich really get rich - and no, it has nothing to do with a paycheck or a 401K match.
Why the guru's grand deity - compound interest - is an impotent wealth accelerator.
Why the guru myths of "do what you love" and "follow your passion" will most likely keep you poor, not rich.
And 250+ more poverty busting distinctions.
The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime! - Book Review