Your First 100 Million by Dan Pena

H. Palmer · Dec 23, 2015

Tregan said:
Interesting......I'm curious H. Palmer, why do you think he didn't care about the profit?

Dan Pena's intention with the contract was to set up a huge stream of cash flow.

He directed about 50 million dollars in and out of a bank account in a single year.

He wasn't concerned with the 90 000 profit as much as with the effect that the cash flow had on the bank's willingness to provide him with loans and to treat him as a valuable client in general.

Banks are more concerned about your cash flow than about your profit.

Directing dozens of millions into your bank account means that the bank can lend a multiple of that to their customers and charge interest on the whole amount.

Customers like that are a banker's wet dream.

In later years he used his reputation with the banks to finance his acquisitions.

Tregan · Dec 23, 2015

H. Palmer said:
Dan Pena's intention with the contract was to set up a huge stream of cash flow.

He directed about 50 million dollars in and out of a bank account in a single year.

He wasn't concerned with the 90 000 profit as much as with the effect that the cash flow had on the bank's willingness to provide him with loans and to treat him as a valuable client in general.

Banks are more concerned about your cash flow than about your profit.

Directing dozens of millions into your bank account means that the bank can lend a multiple of that to their customers and charge interest on the whole amount.

Customers like that are a banker's wet dream.

In later years he used his reputation with the banks to finance his acquisitions.

I agree, now I see after studying Dan for the past year, your post is spot on.

H. Palmer · Dec 23, 2015

Tregan said:
I agree, now I see after studying Dan for the past year, your post is spot on.

And this is exactly why I didn't answer your question the first time around.

I really wanted you to think about this.

Now you understand big time.

ace81385 · Dec 23, 2015

I've Watched several of his videos and listened to a few of his audio books. The stuff he says is really smart an think wow its true people like to hear wow you did a 100 mill dollar deal, when in reality he barely made any money on it but he can say he did it! So his reputation and what you said about banks is true. However a lot of what he said about making presentations to bank after bank is slightly harder these days with most of the banks being large conglomerates and not a lot of small regional banks but I guess there also credit unions.

H. Palmer · Dec 23, 2015

ace81385 said:
I've Watched several of his videos and listened to a few of his audio books. The stuff he says is really smart an think wow its true people like to hear wow you did a 100 mill dollar deal, when in reality he barely made any money on it but he can say he did it! So his reputation and what you said about banks is true. However a lot of what he said about making presentations to bank after bank is slightly harder these days with most of the banks being large conglomerates and not a lot of small regional banks but I guess there also credit unions.

My advice would be to watch ALL his stuff 10 times. And to read his book at least 5 times.

The answers are there.

bob johnson · Dec 23, 2015

hustleEveryDay said:
You have a lot to learn buddy. A lot of information these days is still valuable to pay for. Don't knock something until you've read it. Not just this book, but there's plenty of premium courses and material that can help take you to another level.

If you're truly not willing to pay to learn, then you're not investing in yourself. Not everything is free. Most quality content is not free. Not to say that you can't find good free info, but most really good quality information, such as courses and books are not free. Did MJ give away his book for free? I'd love to see where you found his book for free.

Pena tells his fanbase to get his materials from torrents. Says so on his website. Confirms it here at 1:11:35.

No matter though. Im sure you guys who paid the listed price value it far more than I do.

(I found MJs book for free about 5 seconds after i read your response. Did not download though)

I have an enormous collection of books btw. And I am not averse to buying print. But my willingness to buy has its limits, like any consumer.

But of course im sure you always buy music, and never watch youtube videos that are copyrighted. Nor do you indulge in porn unless paid for.

Deleted35442 · Dec 23, 2015

bob johnson said:
you guys must be dumb as bricks.

Paying for information content in this day and age. lol.

This... ^ Might have stumbled upon this...$500 for a Leatherbound hard copy. Lol. You're welcome. http://depositfiles.com/files/5bpd7tiqo

Never heard of this guy till I saw this thread so reading his book now, probs take a day at most. Will report back. Whether this 1-star Amazon review below is true or not I don't think his talking points are completely without merit.

"Even at $250 it's a rip-off. Why? Well, the author appears to completely lack any depth of knowledge on his topic. He writes in broad generalities without ever dipping below the surface to explore any of the details. For example, to get financing for a business acquisition he tells the reader to don a nice suit and hit their banker up for a multi-million dollar loan. As if this will work in the real world. It won't. It will only get one laughed out of the building. Mr. Pena also masquerades as a London investment banker. However, it's impossible to find any corroborating proof of this outside of his website. The really strange and rather comical thing is that if you try to Google his investment bank's staff, they either don't exist outside of his site or are internet marketers and copywriters. What kind of an investment bank employs these types in senior positions? Not a real one. My hunch is that Mr. Pena is a one hit wonder who happened to be in the right place at the right time back in the mid-1980s, made a few dollars when his board threw him out, and has been coasting off the laurels ever since."

Source: http://www.amazon.com/review/R3EIQY...annel=detail-glance&nodeID=283155&store=books

@hustleEveryDay Can confirm MJ's book is floating out there for free. Will leave at that.
@H. Palmer Did you buy his book or attend one of his castle retreat sessions?

DeletedUser397 · Dec 23, 2015

Cyriex said:
This... ^ Might have stumbled upon this...$500 for a Leatherbound hard copy. Lol. You're welcome.

Never heard of this guy till I saw this thread so reading his book now, probs take a day at most. Will report back. Whether this 1-star Amazon review below is true or not I don't think his talking points are completely without merit.

"Even at $250 it's a rip-off. Why? Well, the author appears to completely lack any depth of knowledge on his topic. He writes in broad generalities without ever dipping below the surface to explore any of the details. For example, to get financing for a business acquisition he tells the reader to don a nice suit and hit their banker up for a multi-million dollar loan. As if this will work in the real world. It won't. It will only get one laughed out of the building. Mr. Pena also masquerades as a London investment banker. However, it's impossible to find any corroborating proof of this outside of his website. The really strange and rather comical thing is that if you try to Google his investment bank's staff, they either don't exist outside of his site or are internet marketers and copywriters. What kind of an investment bank employs these types in senior positions? Not a real one. My hunch is that Mr. Pena is a one hit wonder who happened to be in the right place at the right time back in the mid-1980s, made a few dollars when his board threw him out, and has been coasting off the laurels ever since."

Source: http://www.amazon.com/review/R3EIQY...annel=detail-glance&nodeID=283155&store=books

@hustleEveryDay Can confirm MJ's book is floating out there for free. Will leave at that.
@H. Palmer Did you buy his book or attend one of his castle retreat sessions?

Just because you found a link to someone illegally uploading intellectual property online does not mean that it is "free"

How ironic that you post a negative Amazon review (one of few) out of the overall 4/5 Amazon review ratings, and yet you download his book illegally and enjoy it as "free" content.

I wish there was a way to down vote comments in this thread. Did you download MJ's book illegally too?

Again, I'm not saying Pena's book is the amazing or anything, just saying that in general, quality content is not free. If you choose to download it illegally, it doesn't mean it's free. It just means you're willing to cheat and steal.

Deleted35442 · Dec 23, 2015

hustleEveryDay said:
Just because you found a link to someone illegally uploading intellectual property online does not mean that it is "free"

How ironic that you post a negative Amazon review (one of few) out of the overall 4/5 Amazon review ratings, and yet you download his book illegally and enjoy it as "free" content.

I wish there was a way to down vote comments in this thread. Did you download MJ's book illegally too?

Again, I'm not saying Pena's book is the amazing or anything, just saying that in general, quality content is not free. If you choose to download it illegally, it doesn't mean it's free. It just means you're willing to cheat and steal.

LET'S GET MAD. LET'S GET VOCAL.

I posted the negative Amazon review because I know nothing about the guy and wanted to contrast all the praise here with an opposing view hoping to solicit replies. It's a great habit to look at something from many angles. Sorry you don't "get it".

I think everybody acknowledges that this book was not "free" but that @bob johnson demonstrated the author doesn't care anymore who downloads it. :cigar:

You'd like a downvote option? Would you like a safe space with that? I'd like an option to bet against your success, a built-in PredictIt option for the FastLane Forums. Your reading comp is piss weak and you're easily triggered. Can just imagine the brooding neckbeard you are IRL.

DeletedUser397 · Dec 23, 2015

never mind waste of time posting in this thread.

MyronGainz · Dec 24, 2015

bob johnson said:
you guys must be dumb as bricks.

Paying for information content in this day and age. lol.

People pay a lot of money for information in this day and age.....and make ALOT of money off it (legal or not), trust me.

ChrisJTurner · Dec 24, 2015

If I value the information then I will pay for it.

Downloading a book for free that you would normally pay for is classed as stealing and it also disrespects the author.
Especially if you are stealing it, only to write a one-star review on Amazon.... not mentioning any names.

nitop · Dec 24, 2015

MyronGainz said:
People pay a lot of money for information in this day and age.....and make ALOT of money off it (legal or not), trust me.

absolutely! people have build multi million $ businesses just selling information online -- and not a lucky , random guy, but i personally know at least a dozen who make 1 mil + > a year ..

MyronGainz · Dec 25, 2015

nitop said:
absolutely! people have build multi million $ businesses just selling information online -- and not a lucky , random guy, but i personally know at least a dozen who make 1 mil + > a year ..

It's not bad for a quant, but that's a dog with different fleas.

obrian · Dec 25, 2015

it was a great book.

Dwight Schrute · Dec 25, 2015

bob johnson said:
you guys must be dumb as bricks.

While insulting everyone here in your second post is smart

https://www.thefastlaneforum.com/community/threads/whats-with-the-negativity.62549/

You can learn alot from "Your First 100 Million" & "The Millionaire Fastlane ", IF you read them AND put
the gained knowledge into practice.

Yes, you'll find those books out there for "free", and while I've personally no problem with
you or anyone else downloading them, the authors probably have. (Or not, in Dan's case)

Imagine pouring all your heart into your work, just to see some guy stealing it and voting it down
for "a contrasting opinion".

Sad.

Those books are about the getting of money...if you're that broke, go ahead,
download 'em, but please:

Read them, don't just add them to your "collection", use the advice, make lots of money, and pay the authors back.

carswest · Jan 5, 2016

One way to repays is to go to Dan's castle seminar. I am planning on doing it. This is not much for information, I've listened to his courses many times, this is for knowledge and faith this guy will put into you. Faith with big dreams backed up by Dan himself will create fantastic results.

RHL · Jan 14, 2016

Michael W. said:
Minor point, seems most if not all the shark tank members have published a book on success. So there's that...

Usually with the significant aide of other writers. That's a point that should not escape notice. Just like most Presidential biographies are written by one or more authors working with the president and not by the president himself.

Mattie · Jan 14, 2016

I've listened and read some of his stuff for the simple reason mental toughness. lol He's harsh and doesn't care what he says. And basically as an entrepreneur you have to deal with a harsh world. He has some good stuff and some not so nice words, but you in reality you have to deal with people like Dan Pena in the world whether you want to or not.

Michael W. · Jan 15, 2016

RHL said:
Usually with the significant aide of other writers. That's a point that should not escape notice. Just like most Presidential biographies are written by one or more authors working with the president and not by the president himself.

You referenced a shark tank member in your example and I referenced the fact that he also has a book on success. So again, I say, there's that.

nitop · Apr 12, 2016

Sorry to bring this old thread to life .. Can any experienced fellow fastlaner vouch for this pena's teachings? ill be very grateful, if someone can shed more light on his teachings ..
Reason i am a bit skeptical is because there's no mention of his "vast wealth" that he supposedly generated outside of his website! According to wikipedia, his company's net value was 300 mill $ when he left , and dan pena only had a 10% share in that!! So that barely amounts to 50 mill $ profit ,while he's teaching how to make hundreds of millions of dollars..
BEST regards..

Kingmaker · Apr 12, 2016

nitop said:
Sorry to bring this old thread to life .. Can any experienced fellow fastlaner vouch for this pena's teachings? ill be very grateful, if someone can shed more light on his teachings ..
Reason i am a bit skeptical is because there's no mention of his "vast wealth" that he supposedly generated outside of his website! According to wikipedia, his company's net value was 300 mill $ when he left , and dan pena only had a 10% share in that!! So that barely amounts to 50 mill $ profit ,while he's teaching how to make hundreds of millions of dollars..
BEST regards..

Just kidding. But seriously, there are 7 pages of facts and opinions in this thread, all his videos are free on youtube, his book is free on torrents. The only thing he charges for to my knowledge is a seminar in his own castle in Scotland. You can make up your own opinion from that.

deepestblue · Apr 30, 2016

The guy started a company in his bedroom with only a fax machine and a few bucks and turned it into a $300MM valuation. That right there is all the "convincing" I would need as to his legitimacy.

I currently have the following picture in my main folder on my computer, and I am forced to look at it every day (and act on it):

Thiago Machado · May 2, 2016

This guy is hardcore!

Can't knock his wisdom though. He's telling the truth.

Raoul Duke · May 2, 2016

Kingmaker said:

ApeRunner · Jun 22, 2017

I wonder what's the opinion of @MJ DeMarco about Dan Peña...

GuestUser450 · Jun 22, 2017

ApeRunner said:
I wonder what's the opinion of @MJ DeMarco about Dan Peña.

Judge for yourself.

I have a no-fail 4-step guru filter:
1. Do they have a sense of humility?
2. Do they talk about processes or events?
3. Do they respond to criticism with substance, indifference or vitriol?
4. Do they make their wealth by the same means that they preach?

It's never not worked.

GMSI7D · Jun 22, 2017

TeveTorbes said:
Judge for yourself.

I have a no-fail 4-step guru filter:
1. Do they have a sense of humility?
2. Do they talk about processes or events?
3. Do they respond to criticism with substance, indifference or vitriol?
4. Do they make their wealth by the same means that they preach?

It's never not worked.

Yes, MJ DeMarco is a real guru according to your list.

I don't know about Dan Pena but we have to acknowledge that his QLA seminar is like a military bootcamp.

Fakers are not allowed there.

We can watch some videos of his seminars on his youtube channel.

Dan Peña - The 50 Billion Dollar Man

This is hardore training where Dan is shouting at protegees like a military officer.

There are results.

For example : Jason Capital, a succesful guy ( dating and so on ) was a Dan Pena's protege , years ago.

Yes, Dan Pena has a strong personality and people can dislike him for that.

But i think , this bad boy attitude is his own style and this works well for him.

wade1mil · Jun 22, 2017

I became a believer at, "YOU DON'T NEED ANY MOTHER F*ckING CASE STUDIES!"

View: https://www.youtube.com/watch?v=RxMYvPy8QwA

GMSI7D · Jun 22, 2017

wade1mil said:
I became a believer at, "YOU DON'T NEED ANY MOTHER F*ckING CASE STUDIES!"

View: https://www.youtube.com/watch?v=RxMYvPy8QwA

This is epic .

People don't want to have an argument with him. The guy would destroy the entire building with a rage.

But his method works.

Welcome to the only entrepreneur forum dedicated to building life-changing wealth.

Build a Fastlane business. Earn real financial freedom. Join free.

Your First 100 Million by Dan Pena

Silver Contributor

Contributor

Silver Contributor

Contributor

Silver Contributor

New Contributor

Deleted35442

Guest

DeletedUser397

Guest

Deleted35442

Guest

DeletedUser397

Guest

Bronze Contributor

Bronze Contributor

Contributor

Bronze Contributor

Bronze Contributor

Ludicrous Speed

Contributor

The coaching was a joke guys.

Platinum Contributor

Bronze Contributor

Contributor

Gold Contributor

Bronze Contributor

Gold Contributor

Legendary Contributor

Very Fast on a Bike

GuestUser450

Guest

Gold Contributor

Platinum Contributor

Gold Contributor

Sponsored Resources: Jumpstart Your Fastlane

Post New Topic

Fastlane Insiders