Financial blasphemy: I drink $6 coffee. I spent $5.3M on a 13,000 sq/ft estate w/a $6K mortgage. I have 12 credit cards where $1000s are charged monthly. I dine out 3-5X week. When I shop, I don't look at prices and just throw whatever I want into the shopping cart. Continue...
In 2007, I launched The Fastlane Forum and met 1000s of aspiring entrepreneurs over the years. I soon discovered a complex reality that most of them are LIARS—not to others, but to themselves. Here are the 9 common lies failed entrepreneurs tell themselves:
Private gym, private theater, private garden, private pickleball/BB court, private hot-tub, private pool, private creek, private library, private craft room: Anyone selling you on the stupid idea that over $75K/yr "money doesn't buy happiness" is selling you a pile of shit.
Never apologize for distancing yourself from losers, poor influences, mediocrity gurus, and people who do not support your dreams and goals. And yes, this goes for people in your family who continually hold you back.
The pain of regret is far greater than the pain of failure.
The new paradigm of culture: If you can focus longer than 45 minutes on any task; reading, writing, coding, brainstorming, thinking, meditating, and do so without distraction or the need to "connect" -- congratulations: You have a competitive advantage.
Amazon shows no mercy, cuts affiliate commissions during CV19. I warned about this years ago in Millionaire Fastlane, The Commandment of Control: When you let one entity dictate your income, it's no better than a job. You get your pay docked, or worse, fired. With no recourse.
Every so often, you should find yourself saying, "Wow, I can't believe I live here." If you don't, you need to move. I loved living in AZ for 20 years. I love Sedona. And I love Utah.
Life is short. Live somewhere that inspires your soul.
So many people @ The Fastlane Forum want to change their lives, but are unwilling to change their behavior.
PRO-TIP: Your life will change when you start prioritizing your future over your smartphone. Endless hours of TikTok scrolling is making you poor and dumb.
Once I surpassed a baby-billionaire level (1 billion pennies/net worth of $10,000,000+) I truly felt financially free where the word "budget" slowly left my vocab. If you want to go bigger, you must change your relationship with TIME. Here's 6 ways you need to rethink TIME:
The secret to winning big is to win small.
Show up daily and recognize that all your efforts today will compound into meaningful results tomorrow.
The secret to losing is to expect any other secret.
Test drive your dream car for motivation? Try test driving death. There's a cemetery near my home and I occasionally walk through it, reading headstones. It's a subtle reminder to fearlessly live my best life TODAY as one day, I'll be dead.
If you're proud of yourself because you read 3,409 books on how to play tennis but never stepped on the court, it's safe to say, you've missed the point, no pun intended.
The same goes for business books.
Leaning into your 3,410th book ain't gonna change a damn thing!
My dad left me when I was 12 years old. Never heard from the guy again. One could say this made me disadvantaged. I felt it gave me an advantage, in an odd way. Bottom line, you might not be able to control your circumstances, but you can control how you think and react to them.
Witness one family escape the world's economic religion: THE RAT RACE, & how you can too. Learn how to free yourself from the tyranny of empty work, underpaid jobs, & financial asceticism underscored by cult-like frugality and Wall Street saving scams.
The next time you make a choice, ask yourself: What kind of BRICK is this choice laying? Our decisions are like bricks, and those bricks can build walls trapping us, or they can build stairs, freeing us. Habits build prisons, and they also build escapes.
I'm proud to be part of the 1%. Also, I'm in the top 25% of that 1%, which affords a fabulous lifestyle. Here are five rules to create real, 1% wealth where the word "budget" is no longer part of your vocabulary.
Some businesses will pay your bills. Others will make you rich. If you want to leverage business as an escape to the 9-5, here the 5 Commandments you'll want to follow when choosing to invest in a business.
"Hard work" has become a dirty phrase in culture & it is easy to understand why. Working hard under today's obsolete template is like pedaling harder on a tricycle. Fastlane entrepreneurship gets you off the tricycle where your hard work is rewarded with wealth, not mediocrity.
LOL, only fools use TIME to get rich. Time is wealth, not some stupid "millionaire" title which won't mean shit in 40 years anyway. $1M in the Year 2060 won't buy you your freedom, and it certainly won't buy you back the time you wasted in this stupid nickel/dime saving scheme.
Unpopular opinion: If you're micromanaging every penny and commiserating about money every passing hour in your life, from saving to budgeting to investing, you're not financially free—you're financially enslaved.
I'll let you in on a little secret: Much of success/happiness comes from anti-goals: consequences you want to avoid like costly divorces, poor health, and reckless behavior like killing someone while drag racing. Take care of the anti-goals and you've won half the game.
Selling your time for freedom is like selling body parts to get rich, eventually you have nothing left to sell. If you are waiting patiently for your portfolio to grow over 50 yrs under the distant promise of financial freedom, you’ve been duped.
If someone is selling you "financial freedom" or "millionaire secrets" and their pitch involves suffocating frugality, riding a bike, and living like a broke coed for the rest of your life, you're being sold a LIE, a lie that would make the World Economic Forum proud.
#WEF
If you're waiting for someone to tell you EXACTLY how to start a business, please STOP fooling yourself. You don't have the GRIT to be an entrepreneur, you have the fortitude to be an employee where you will get exactly what you need: A boss who will tell you exactly what to do.
Don't be fooled: Success is not the opposite of failure, they are parts of a whole as much as running a marathon and sweating. If you expect to run a marathon without perspiring, well, you won't have a prayer.
As I like to say, the sweat of success is failure.
CLOWN WORLD, PART II: What is this trend of 20 year olds with no life experience coaching other 20 year olds with no life experience on how to be coaches?
In the 90s, we called it the Envelope Stuffing Scam where you taught others to repeat the grift, with no real value created.
I've never been happier in my life and I am living a dream.
Still, when I reflect on my life, I can attribute this happiness to 5 LIFE PHILOSOPHIES (decisions) I made a long long time ago (not in a galaxy far far away).
Make them yourself and happiness is yours. They are:
A reader in Thailand said The Millionaire Fastlane changed his life so much that he gave it to his 89 year old grandmother to read.
You're never too old to go FASTLANE!
Look around you.
Everything you see is a product of creation. Someone had an idea, and brought it to life through a mix of hard work, innovation, persistence, leadership, and a desire to improve the world around us.
#Entrepreneurs
are the job-makers and the world-changers.
Want to know how to kill your dreams? Adopt the phrase, "I don't know how."
I hear from so many people who love the crutch, "I don't know how to [blank]" and as such, do nothing. If you want any chance at success, you must eliminate this phrase from your life. Here's how:
Chilling at the crib, splendid evening. Started writing my next book, beer, cigar, not a care in the world and living the dream, assuming our creek doesn’t flood the backyard. Halfway thru the runoff season, so far so good.
Newsflash: No one is coming to save you.
There's no hero swooping in to give your dreams. There's no guru with a super-secret $10K training course that has the answers.
It's up to you to save yourself. If you want something, you'd better work hard for it. Every. Single. Day.
So many people on the hunt for "secrets" and "hacks" as a form of leveling-up and succeeding. Instead, personal growth is about doing the obvious things which can be tedious, boring, and lacking passion, Ultimately, these are the things that move the needle.
Thanks to The Fastlane Forum, I've interacted with millions of aspiring entrepreneurs over the last 15 yrs.
Here's what I learned: Most won't succeed as they go thru life with a cadre of poison pens, destructive beliefs that will ruin your life. Here are the 7 most destructive.
If CHANGE isn't changing you every couple of years, your life will devolve into a stale television rerun with you as the star, repeating the same job with the same skills and the same outcomes. Un-FN-watchable.
ACTION IS EVERYTHING.
You can't light a fire without striking a match.
You can't score a goal if you never take a shot.
You can't catch fish if you never cast a line.
You can't harvest crops never planting seeds.
You can't cross the sea if you refuse to leave the shore.
You can't change the world until you learn how to change yourself. Every year of my life I've changed and I'm proud of it. I would NOT recognize younger me from 5, 10, 15, or 20 years ago. If you're the same person today as you were 10 years ago, you're doing life wrong.
I asked 10,000+ entrepreneurs about their most IMPORTANT and INFLUENTIAL books with ONE CAVEAT, their helpful books couldn't be overhyped and overexposed, many not making any mainstream best-seller list. Here are the "hidden gem" books they shared...
We live in an incredible time where infinite, priceless knowledge is readily accessible to anyone who wants it.
Problem is, most people are high on dopamine/instant gratification and their ability to assimilate and leverage such power for their betterment is the worst ever.
As The Fastlane Forum approaches 1 million posts, I've heard from many people over the years. One item worth mentioning: Many people unnecessarily complicate entrepreneurship. Simplified, successful Fastlane entrepreneurship boils down to 3 things...
Beware of billionaires spewing bogus advice. Spend 1 day with any of them and you will see in about 5 seconds that their lifestyle has nothing to do with the advice they proffer: saving pennies from your paycheck, index fund investing, blah blah. The joke's on you.
The absolute state of education these days: you can spend 2 years of your life + $20K and get relatively nothing but some worthless book smarts, or you can spend $20 on 2 books and get an education how to build something valuable, something that can set you free.
#unscripted
Excellence is all things is habitual, repetitive, and often not fun or passionate. You can’t throw a football 3 times and then complain when you don’t get drafted.
So many "useful idiots" who are promoting a World Economic Forum agenda involving extreme frugality, fanatical saving, and a zero consumption mindset. Adopting mediocrity so you can live a life on par with a broke co-ed is not a financial plan. Here's 7 things to do instead:
#1
) Real wealth is generated on OFFENSE; controllable business assets and income. If you make over $1M yearly or sell your company for $50M, the financial behavior above becomes inconsequential. Despite my spending, my net worth grows monthly. Big incomes can carry big spending.
As a teenager, I had the goal for courtside seats at Chicago Bulls games, next to Michael Jordan. By the time I hit my twenties, this goal disappeared. As I built a better life for myself, the soap-operas of pro sports was no longer worth my time or the mental bandwidth.
This is heartbreaking.
Say you go to college and earn a respectable career in a STEM field and earn an average of $120,000 a year for your working years.
Sounds good eh?
Read on...
CLOWN WORLD: So tired of being assaulted by people stuffing their face full of fast-food on TV commercials, proudly grinning ear-to-ear as they poison themselves, only to be followed by a Big-Pharma ad that promises a fix the diabetic aftermath for the trash they just ate.
The most powerful factor in wealth creation has nothing to do with motivation. It has nothing to do with effort, persistence, discipline, or the usual suspects commonly pushed. While these help, the most important thing is likely something you never considered.
It's this...
Today's obvious not obvious observation...
The
#1
richest guy on the planet (Bernard Arnault, $212 Billion) sells luxury products that makes middle-class/poor people feel rich, hence, keeping them middle-class/ poor.
Interesting.
So many people work harder than I. The problem is, I work hard in a system that offers asymmetric leverage where effort is compounded. I work hard on jet powered boat. Culture works hard in a row boat. Good news is, you can decide where your hard work is leveraged.
We live in an incredible time where infinite, priceless knowledge is readily accessible to anyone who wants it. Problem is, most of the world is high on dopamine/instant gratification and their ability to assimilate and use such knowledge for their betterment is the worst ever.
If you have no direction in life, you haven't found a problem worth solving. Problems that need solutions give direction. If you're stuck on a railroad track and a train is approaching, would you struggle to find direction?
"Gee, I need to escape or die."
Direction, found.
In the last 20 years, I've lost count on how many times I've been thankful that I owned my own business, and wrote my own check, on my own time. From various surgeries, illnesses, to spontaneous trips, the power to take time for yourself or family, ON DEMAND, has no price.
TRUTH: You can't write an incredible life story using someone else's pen.
Beware of expectations, authority, outdated traditions, a corrupt media, an agenda-driven education, depraved entertainment, and more. all pens who will happily write your story, a story you'll regret.
I wish somebody showed me these charts 30 years ago.
You will see that millionaire wealth or an 8-figure+ multimillionaire is not impossibly difficult when you shift your perspective from YEARS to DAYS.
It also exposes the fraud of the "save, invest, wait" paradigm. Strap in!
EVERYTHING SIGNIFICANT STARTED INSIGNIFICANTLY.
Amazon started with 1 line of code. The Harry Potter franchise, with 1 word. The Mr. Beast YouTube channel, with 1 video and its 1st subscriber. The Morning Brew newsletter, with its 1st subscriber and 1st issue. Bottomline: Get
The rat race is so perfect in its construction that after working and commuting 8 to 10 hours a day for 5 days a week, your weekend is needed to recharge your batteries.
You need that time to recover and it's easy to convince yourself
"I deserve it."
It's like a prison...
What you saw tonight was not a debate, but a staged coup.
Debate was purposely moved up to earliest date in history so a coordinated effort could be executed to remove Biden thereafter. The DNC and their media mouthpieces publicly bailing on Biden is not organic. Everything
For Fs-sake, quit asking how to get skills and experience when you don't have any. Do you realize, every single person on this planet was born with "no skills and no experience?" Act. Assess. Adjust. Repeat X 100. There you go, now you have "skills and experience."
The Untold Truth About Money: How to Build Wealth From Nothing. Very flattered that my work was captured in a documentary style vid, & I was given credit for it! Well written, produced, educating, entertaining. Productocracy in action! Thx
@jamesvjani
!
If you want to succeed in any endeavor—sports, relationships, business, health, etc.,—3 words will take you to the Promised Land....
And it mimics the scientific method.
ACT.
ASSESS.
ADJUST.
(Repeat infinitely until you die.)
Put Usain Bolt on a tricycle and you can beat him in a race. The same concept applies to business systems and wealth. Hard work in an inefficient system is rendered worthless. Working harder is not the answer, working in a better system is.
TRUTH: You can't write an incredible life story using someone else's pen.
Beware of expectations, authority, outdated traditions, a corrupt media, an agenda-driven education, depraved entertainment, and more.: all pens who will happily write your story, a story you'll regret.
I've discovered an inverse correlation between my happiness and media consumption, from news, to social media, to television: The more I avoid mass media which is driven by outrage, conflict, and grievance, the happier I am.
I'm proud to be culturally ignorant.
I swear if I hear another wannabe entrepreneur with no experience or prospects justify dropping out of college because Zuckerberg and Gates dropped out, Ill puke.
Yea, they dropped out of HARVARD, not Johnson County Community College.
#shitpost
#college
#entrepreneur
Great take via The Fastlane Forum...
Just-in-time learning is superior to generalized learning.
Execution uncovers problems. 95% of a courses/books will not apply to your problems. Solve the problem with JIT research and only buy the book/course if it solves that problem.
The market is NEVER saturated if you offer a better product and a better value.
People who ask such questions aren't looking to create value, they're looking to chase money; which is why they ask about "saturation."
Bottomline...
If you're currently able to fight for your dreams because you're not busy fighting for your life (war/sickness/incarceration) you're doing awesome. IOW, if you're physically, mentally, & geographically able to pursue your dreams—your best life— you're already living the dream.
Some books can change how you think. Others can change how you live. Never underestimate what you can achieve in a few short years when you apply the right business methods & allow asymmetrical returns to work their magic. Visit to start your own magic.
#2
) When someone tells you that wealth is created on the DEFENSIVE side of the equation (reduce expenses, minimalism, stop buying lattes, BUY/HOLD/DIE stock market investments) you're listening to a WEF moron who's best case scenario isn't wealth; it's survival and mediocrity.
Stop following the advice of those who don't have the life that excites you.
If someone claims to have financial freedom, calling themselves Millionaire Matt or Dollar Dave, yet lives in an RV from the last century and has the financial resources of broke coed, be weary.
2nd...
Want to know what the largest industry in the world is? Big-tech? Big-oil? Pharma?
Nope, it's the industry of easy, or shortcuts.
If you can sell a shortcut to anything, or an easy solution to something normally hard- success, wealth, fitness, health- you will mint money.
Wealthy millionaires earn their wealth offensively, quickly, and asymmetrically through scaleable business. Frugal millionaires earn their wealth linearly on defense and slowly through time. One makes you rich, the other less poor.
Beware of billionaires spewing bogus advice. Spend 1 day with any of them and you will see in about 5 seconds that their lifestyle has nothing to do with the advice they proffer: saving pennies from your paycheck, index fund investing, blah blah. The joke's on you.
Pro-tip: Real freedom is not found when you make millions, retire, or have all your bills paid; real freedom begins the moment zero f*cks are given.
Maximum f*cks given explodes as a teenager and declines with age.
May you get to ZERO as fast as possible.
PRO-TIP: The further you distance yourself from YouTube, Twitter, and TikTok gurus selling "businesses in a box" (for the limited-time low low price of $4997), the more success you likely shall have.
I've been saying this for over a decade, back when it was seen as an outrageous, contrarian view: The worst advice any entrepreneur can get is "follow your passion" or "do what you love" -- the marketplace simply doesn't give a f*ck what you love, or what your passions are.
Here's a list of all the Super-Bowl commercials that involved a product you can eat or drink...
Pringles
Lindt Chocolate
M&Ms
Mountain Dew
Popeye's Chicken
Nerds Candy
Oreo Cookies
Mayonnaise
Doritos
Bud Light
Michelob Ultra
Reese Peanut Butter Cups
Coors Light
Starry Soda
Poppi
Love to see
#DeleteFacebook
trending. Guess I'm an early adopter: I abandoned Facebook years ago when it was clear the company wasn't merely a social network. I still have my accounts, but me visiting is few and far between.
#facebook
#Entrepreneurs
#SocialMedia
Unreasonable fear is why most people don't start businesses. It's why people stay at jobs they hate. It's why they wait 30 years for stock market miracles while inflation erodes their savings.
The mother of all enduring regret is unreasonable fear.
Why stop there? If you stop eating altogether and invest all those savings in an index-fund, hence supporting the economic machine that promotes this propaganda, you could save over $100K before dying of malnutrition by your 28th birthday! Thank you for
Some folks in Idaho waited 8 HOURS for a burger at a new In-N-Out opening.
It's such a damn shame that people value their free time so poorly, like a cheap commodity from Temu that they can buy at anytime.
If 8 hours of your life is worth 1 cheap hamburger, you need help.
Been saying this for years and as I've written in BOTH my books. If money isn't buying you happiness, you're not saving/spending it right. Documented research shows that autonomy (freedom) accounts for 50% of your happiness quotient.
Beware of the "financial expert" with a $10K suit and a $1M watch collection advising you to save your pennies, stop buying coffee, and stop dining out to get rich.
BTW: He makes millions in business & also endorsed a fraudulent crypto company.
You know who I'm talking about.
The 5 most dangerous addictions that can destroy the dreams of even the most disciplined: Heroin, sugar, social media, video gaming, and a regular paycheck.
Worse?
The latter has murdered more dreams than the former four.
Nearly 15 yrs ago I was crucified for telling every entrepreneur on the planet to avoid "following your passion" as a business model. Today that assertion is no longer contrarian as the reality becomes more evident that passionate pursuits often don't deliver relative value.
"I listened to the mainstream financial experts my entire life; worked hard, invested, saved, lived frugal so I could retire and *finally* enjoy a Lambo. Sadly, I'm so old now that I can't even get out of it. But hey, at least I can stare at my $2M portfolio of index funds."
I'm seeing the newsletter trend as a DEJA-VU of the podcasting space that was hot several years ago. Everyone had a podcast and the space soon got commoditized with too many wannabees and too many options where only the early entrants did really well. Ya know who else did well? >
The secret to success isn't doing what you love, but doing what you hate.
In great irony, I get to "do what I love" because I continually was willing to "do what I hate."
If you're only willing to tolerate what is comforting and loved, you'll never grow into the person you can
Divorce can be ugly. What's uglier is not applying some simple rules to make sure you don't make the biggest mistake of your life. Here's how to know you've found a great spouse and marry the right person...
Follow these 3 rules and you've likely found your keeper.