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Recent content by Bonokucho

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    What is the Fastlane stance on Debt?

    MINDSET QUESTION 
    Hey guys, thank you for the replies and insight. Here are my major takeaways from the thread: Debt is a tool to utilize somebody else's money now. Fastlaners utilize the tool to leverage the cost of money, while slowlaners/sidewalkers use it as a tool to leverage affordability. While there are...
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    What is the Fastlane stance on Debt?

    MINDSET QUESTION 
    Well said. I shouldn't be obsessing about the actions of big businesses as if they have more control over my life than I do; I'll get back on track. That last question was geared more towards the win-condition of the Fastlane, cashing out. When one does choose to cash out a large sum in a...
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    What is the Fastlane stance on Debt?

    MINDSET QUESTION 
    This scenario makes sense. In many cases though, the interest rates on most debt is insanely high, and I don't know many other secure savings funds that return interest at a rate higher than banks and other loaners charge. I am curious about hedging against inflation though. I noticed Blackrock...
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    What is the Fastlane stance on Debt?

    MINDSET QUESTION 
    I have a few questions about the mention of debt from The Millionaire Fastlane because it was never really elaborated on. These are some points MJ DeMarco makes about debt: "I take advantage of Banks, Banks don't take advantage of me" in reference to the garnering point rewards from credit cards...
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    I've Read The Millionaire Fastlane!

    GOLD! HOT! 
    I have read the book. Primary takeaways: Time is precious, more than money ever will be Wealth isn't necessarily standard of living, but rather liberation from Lifestyle-Servitude to embrace more important things, like Family, Fitness, and Freedom. To be successful in the fastlane, I have to...
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