Season 6 – epiBLOG 17:
As of late, I’m either reading a self and professional development book or listening to one on Audible because I am committed to constantly learning and growing as an entrepreneur. The second I believe I know all I need to know, is the moment I close my mind off to my own personal growth.
Constantly learning and growing keeps my mind sharp and open for opportunities when they present themselves.
Today’s topic is my book review of The Millionaire Fastlane by MJ DeMarco.
I’ve been listening to a lot of audiobooks on Audible over the past few months. The Millionaire Fastlane is one of my favorites. MJ is an absolute genius! At first I wasn’t sure if I was going to like it because a few minutes in he started talking about the lifestyle he is enjoying and what that lifestyle looks like. The emotion that surfaced for me wasn’t jealously or envy, but more so along the lines of annoyance because that’s not what I was looking for at that moment. I was looking for answers on how to be financially successful.
But I get it… he had to first paint a picture of what being financially successful looks like.
I’m fine with successful people describing their beautiful life, and oftentimes those descriptions are inspiring as they are intended to be, but that wasn’t why I chose to listen to this audio. Nevertheless, something told me to continue listening to what MJ had to say, and I am forever grateful that I did.
MJ DeMarco is authentic and honest in his approach to describing how people think, live, and why they end up with the results that they do. His authenticity and his proven track record kept me listening.
He basically describes three types of people in this world: (1) the “sidewalkers,” (2) those in the “slowlane,” and (3) those in the “fastlane.” Each of these categories describes a particular mindset that each person subscribes to that yields them the results that they constantly get in their lives.
Sidewalkers live for today and spend money the second they receive it. They tend to be awful at managing their own money, play the lottery in the hopes of getting rich quick, and blame other people for their mishaps instead of taking on the responsibility for their lives. They wait for things to happen to them, and blame circumstances and other people for their situation. They justify and camouflage unnecessary purchases with claiming to need a flashy toy right now when it’s really just a tool to cover up their insecurities and unhappiness.
Those in the slowlane seem to think they’re better off than those walking along the side walk because those in this group tend to save money when they’re able to, they go to college (thereby accumulating student loan debt), get a decent paying job, and are destined to work 30-40 years in the hopes of retiring rich from saving 10% of their paycheck each week (or when they’re able to). This group tends to also play the lottery, but they more so depend on their stock options, 401K plan, and having a high paying job to take care of them. The challenge with this group is that the variables to success and wealth are not entirely in their hands. Their choices are limited, if they have any real ones at all. They are depending on a job to take care of them, and when it doesn’t, they go back to get more education in the hopes that they will secure a higher paying job to do just that. They trade their time for dollars, and are therefore, limited with the income that they can make because there are only so many hours in a day.
The road to wealth is one where you are in the driver’s seat controlling as many variables as possible along the way.
This brings us to those who operate in the fastlane. Those in this group are entrepreneurs. They see time as the most important asset that they have, even more important than money. Because of this, they leverage their time as effectively as possible in order to spend it doing more of what they love doing. This group believes that money is abundant, and that the more people they help, the richer they become with personal fulfillment, time, and money. Their primary income sources are business systems and investments.
Are you beginning to see the difference in mindsets between the three categories? MJ clearly and genuinely shares his expertise, experience, success, and what each of these mindsets create in people’s lives.
I’ve spent the majority of my adult life in the slowlane, trying to be in the fastlane, but not really understanding how to get there. This book has opened my eyes to what’s not working and why, and now I feel empowered with tangible information that I can apply in my business.
RECOMMENDED: I definitely recommend that you read this book or listen to this as an audiobook as many times as possible. Learn, grow, take notes, and apply his guidance to your own business. I imagine that you will experience exponential growth in most areas of your life, if not all.
Today’s LESSON is to be open to a change in mindset when it serves you.
FUN ASSIGNMENT: Commit to reading The Millionaire Fastlane by MJ DeMarco, and complete it by November 30, 2018. Take the time in December to set business goals and to create a plan to reach those goals for 2019. When applied, be prepared for growth.
Nitara Osbourne owns The Infinite Writer Agency, LLC, which provides content to producers, publishers, and entrepreneurs seeking help with developing their life stories into nonfiction books and movie scripts. Ghostwriting and content writing services are provided for clients as well. If you’re an accomplished entrepreneur, and are looking to tell your story, contact Nitara Osbourne. InfiniteWriterAgency@gmail.com.