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The book The Millionaire Fastlane by MJ DeMarco reveals the harsh truth about money, time and how to get rich young, not old.
The author reveals the three financial paths in life Sidewalk, Slowlane and Fastlane and why most people stay broke following the wrong one.
Here are 7 wealth lessons from the book that can enhance your journey to financial freedom.
Trading time for money leads to burnout, not wealth. The Fastlane is about building systems that generate income while you sleep.
Fastlaners own businesses, assets and systems. They don’t rely on employers or the stock market to get rich.
The rich value time over money. Every minute spent building scalable income buys back years of freedom.
The Slowlane teaches you to save, budget and wait. The Fastlane teaches you to earn big, fast and invest smartly.
There’s a ceiling to how much you can make in a job. Business, brand or software = infinite scale.
Your thoughts, beliefs and actions around money determine your success not your salary or degrees.
Every rich person has failed. But they learn fast, pivot and keep going. Fear is the fuel of the Slowlane.
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