Newsflash: Fastlane is your only hope. Not stocks. Not Crypto. Not jobs.

[MJ DeMarco]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

 

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[Kung Fu Steve]

I've been called an idiot way too many times for pouring into my business... but nothing can produce the returns that a business can. To each their own I guess.

I doubled my crypto and got out ...chips off the table!

 

[Mathuin]

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

I was always surprised to see the crypto hype on here.

 

[Fox]

Ya, I am going to put my hand up here and say I got into crypto with no real advantage or special insight.
So - I went up some, down some, and up some, and now down some.

And while I profited overall, I mostly just lost a lot of focus and time that could have gone into my main biz.

So the big lesson for me has been to stay focused on what I know and can control.
I get crypto can be super Fastlane for some, but not for those who are basically just gambling on the side.

I actually sold all my crypto around two weeks back to commit to full focus on my main business.

 

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[MTF]

Ya, I am going to put my hand up here and say I got into crypto with no real advantage or special insight.
So - I went up some, down some, and up some, and now down some.

And while I profited overall, I mostly just lost a lot of focus and time that could have gone into my main biz.

So the big lesson for me has been to stay focused on what I know and can control.
I get crypto can be super Fastlane for some, but not for those who are basically just gambling on the side.

I actually sold all my crypto around two weeks back to commit to full focus on my main business.

DCAing is the solution. It takes me like 20 minutes a week. Other than that I spend zero time on it and any ups/downs don't really bother me.

 

[MJ DeMarco]

Forgot to mention how "Forex" was a big one in the late 2000s. Tons of "gurus" selling get rich Forex programs, and people coming here saying it was going to be their "Fastlane". Not one of them every reported any kind of success, near-term, or long-term.

 

[Kevin88660]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

Most HNW clients in private banks are Business owners. Definitely over 95 percent.

The next bet that come closes to being a CEO of a decently sized company.

This means that investing/trading your own money to become rich is exceptionally rare.

If you are a professional manager managing other people’s money then it becomes a business that has some scalability.

 

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[PureA]

Forgot to mention how "Forex" was a big one in the late 2000s. Tons of "gurus" selling get rich Forex programs, and people coming here saying it was going to be their "Fastlane". Not one of them every reported any kind of success, near-term, or long-term.

Seeing a forex ad/article (when I was 17) from a guy who was in his earlier 20's with yachts, watches and mansions was the first thing that made me realise, oh shit, I can get real money AND be under 60. It was the first time I saw $$ separated from time.

I somehow (luckily) ended up at this forum, and from the discussions around the book (TMF ) I sensed it was a must-read.

I've never been old enough to see one of these things cycle fully. I stuck to the wealth-building principles I was taught and stayed away from crypto/NFT lure with the overnight millions. Sure I could've made a quick buck if I was smart enough, but there was no way I was going to outsource my success like that.

 

[nnogalaxy]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

While i do understand that business are the most guranteed road to wealth, theres also the fact that the future is going to be crypto/technology related. I mean just look at metaverse, It's going to take over the internet and its value is going to explode. same with newer nft/crypto projects specially crypto gaming. Crypto/NFT related businesses or projects may just be one of the best ways to get rich. as for stocks and forex I understand why they're a waste of time specially forex. I mean you can literally search it up, theres no person whos made alot of money from forex.

 

[Kevin88660]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

While i do understand that business are the most guranteed road to wealth, theres also the fact that the future is going to be crypto/technology related. I mean just look at metaverse, It's going to take over the internet and its value is going to explode. same with newer nft/crypto projects specially crypto gaming. Crypto/NFT related businesses or projects may just be one of the best ways to get rich. as for stocks and forex I understand why they're a waste of time specially forex. I mean you can literally search it up, theres no person whos made alot of money from forex.

I think it’s about what you do, not the fields or industry.

Trading/investing your own money will not get you rich. It doesn’t comes with the value creation and scalability of value creation that come along with business.

If you are running an investment fund charging a fee for taking in other people’s money then it is a business that has scalability.

If you are a service provider in the crypto space, aka selling the shovel, you are running a business .

 

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[door123]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

Due to all the hype, I felt a strong urge to trade crypto as means to create wealth. Thankfully, I was able to resist the urge of crypto and focus on building the biz instead.

It's so easy to get distracted by the new "money opportunity", even for those us that actually have businesses.... Especially if you'r facing challenges in your own biz.

Although, I had little fun trading doge coin for a couple days during the Elon hype, but I would call that gambling/speculation, not wealth creation.

Thanks for reminder!

 

[Vinz]

Thanks for the reminder MJ, these things can really cater to your psychological needs especially when you're broke, with no money.
You know, the thought that you have a possibility to become rich overnight speaks to the part of your brain who wants results the easy way.

 

[Johnny boy]

Whenever I’m in a casino, either taking middle aged peoples money in poker or supporting a mma fighter friend of mine by watching him fight at the events center, I walk by these people sitting at the slots. I think these people are absolutely retarded. I think you need an IQ of 60 to sit at a slot machine.

“Durrr…maybe I’ll get lucky…haha lights go flash flash, make fun sounds huhhuh durrr”

All of these other trend hopping schemes that are wildly popular are just slot machines. Same logic, same emotions behind it, same everything, except with a couple of steps. Same emotional intelligence level, slightly higher IQ level.

 

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[Vinz]

View attachment 43984

Whenever I’m in a casino, either taking middle aged peoples money in poker or supporting a mma fighter friend of mine by watching him fight at the events center, I walk by these people sitting at the slots. I think these people are absolutely retarded. I think you need an IQ of 60 to sit at a slot machine.

“Durrr…maybe I’ll get lucky…haha lights go flash flash, make fun sounds huhhuh durrr”

All of these other trend hopping schemes that are wildly popular are just slot machines. Same logic, same emotions behind it, same everything, except with a couple of steps. Same emotional intelligence level, slightly higher IQ level.

Those are the more vulnerable people, certainly not emotionally stable or strong.

And that's why they are so much influenced by the "lottery ticket" mentality. It seems it spreads like a virus.
"You want to win the lottery ? I want to win the lottery too ! One person in the whole country won it ! Why couldn't it be me ??? "

 

[capito]

what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

 

[MTF]

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

Where do you live?

 

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[Feuertaufe]

Great post! Thank you for the reminder.

 

[awesomemike]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

Thank you so much MJ.

Being here has been awesome and you're definitely right.

Crypto is just a new money market (Digital) that people invest in or trade in many different Timeframes.

Though it can be controlled to some extent and that's if the investor/trader learns HOW TO MAKE MORE PROFITS THAN LOSES. And....

Which would be; understanding the charts, learning about indicators, candlesticks and different things one needs to recognising when to enter and exit the market without being regular victims in the game. But...

On the other hand, it CAN'T BE CONTROLLED as you've said due to the consensus beliefs of all participants(Traders/Investors Psychology) in the market or one news causing FUD(Fear, Uncertainty, Doubt) to rekt people and many more.

My Advice: Crypto could be one of a very game changer for anyone if you can learn more on most basic things to understand how to make more profits than losses. And...

When you make good or enough profits from the market, TAKE THAT PROFITS OUT and INVEST it on your personal business to grow and expand. Or...

You can invest it in any other very good investment buckets you know about that you can control/reduce the risks involved. Or...

You can use the profits to build other projects you have in mind in as much as you're using the profits on an ASSETS and NOT liabilities.

But, DO NOT FOCUS SOLELY on Crypto as your wealth accelerator vehicle unless you're a developer or project owner offering it as a service or business to people and communities.

PS: Good Airdrops in Crypto has made alot of us Millionaires when you LEARN how to position yourself for it but I still won't support focusing on Crypto as a sole business 100% as MJ posited.

Thanks for the opportunity to share my views MJ.

 

[Thurlam]

'only true method' and 'your best bet' are kind of different statements to be making. I agree with the latter, but not the former.

the fact remains that there are other ways to amass vast quantities of wealth. stocks & options? it's possible, given a good chunk of starting capital. just look at DFV's plays on GME back when it was at $5 per share. but this is of course predicated on your ability to literally tell the future and gamble a large amount of money on it, which is just as likely to lose you all your money (and potentially then some, as some options plays can put you into staggering debt that far exceeds what you bet on it if they go wrong). In fact, I'd argue it's more likely, given the market is by and large a zero sum game and you're competing against some very sophisticated opponents. (though studies have shown time and again that even seasoned professional traders are no more consistent at realizing gains than random chance coin flips would be. but you still have to fight INSIDERS trading/HFT/algorithms etc., all of which is completely out of the reach (or often even understanding) of retail investors.)

and crypto? yeah you almost certainly won't get rich investing in a coin and hoping it goes 'to the moon.' but:
A. you could have, if you got in real early on the right coins. IMO that ship has sailed now though.
B. you can still get rich in crypto/NFTs by being a successful scammer or orchestrating attacks on vulnerabilities.

obviously you shouldn't do option B since it's amoral and illegal. the same goes for dark web ransomware and the like. but people can and do get rich in these ways. there's also option C, which is to build your own currency/trading platform/NFT collection or whatever, but you could argue that's just a fastlane business (albeit already a pretty crowded space that seems to be losing steam already). and you could argue it's another flavor of option B because a staggering amount of times those are themselves effectively just scams.

hell, you can even just start a cult. get good enough at persuading people and you'll have scores of people doing your bidding, including forking over their own wealth. or a cult-analogue, like faith healers or 'gurus.' the world's a crazy place. the road less traveled can be quite lucrative.

but yeah, agreed with the sentiment that a fastlane business is the preferred path, since it's replicable, ethical, and has you developing useful skills/knowledge while making helpful connections.

 

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[MJ DeMarco]

I understand that you will not like what I have written.

Not at all.

I understand and agree that people in underdeveloped countries have it much harder.

But I still believe "Fastlane" (or small business) is the only escape, especially with the internet making "borderless" commerce much easier.

But yes, success is more difficult.

Those of us born in more developed countries definitely drew some lucky cards.

 

[Andy Black]

So what else are we left with? Another youtube channel? Another course?

I don’t know where you live and I’ve no experience outside of the UK and Ireland. I’m curious though… Would you be able to make decent money with your great English, internet connection, and an entrepreneurial mindset? Could you do some freelance work from home, maybe getting paid a great hourly rate for where you live?

EDIT: And literally the next post I read is this:

• HOT! - MARKETING - Getting My First Ever YES (Video Marketing Agency)

 

[Trait]

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

Fellow third worlder here. While it is true that making a million dollars from a fastlane business is about 5 times harder (the number varies from country to country) if you are only serving local customers, you should also take in to account how low the cost of living is in underdeveloped countries. It will only take 200k USD in Bangladesh(my place) to be financially free for 3 decades. In US minimum would be 1 million.... See the difference? The only major disadvantage of a 3rd world country is that our currencies are weak. But that can also be used as an advantage using the internet, especially with software and freelancing.

Another advantage of a third-world country is copying companies that become a success in the US. Just that day I saw a new company that is just an online travel ticket booking site and is very successful because it had no competitors..

"But achieving it costs 2 million times more and effort." Its just about 5x harder to make a Million but do you need a million in the Third world? 300K would set you up.

"Third world countries are bankrupt" not really only a handful few are. That being said its 2 million times harder in countries that are war-torn and actually bankrupt eg - Syria, Afghanistan, Sri Lanka.

I think you are just being extremely pessimistic, the US produces so many millionaires because they earn in dollars. If you made a survey that measured how many people have 300K(or whatever money that is relatively equivalent to a million in your country) the percentage of the population would still be the same as it's just how capitalism works.

 

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[Albert KOUADJA]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

Les gens découvrent qu'ils n'ont AUCUN contrôle sur l'économie, les échanges cryptographiques, les décisions de la banque centrale, les goulots d'étranglement de la chaîne d'approvisionnement et autres BS.

Lorsque votre véhicule d'accélération de la richesse ne peut être contrôlé, vous n'êtes pas un entrepreneur , vous êtes un investisseur et un spéculateur .

FAIT : Votre meilleur pari pour l'accélération de la richesse viendra toujours de votre entreprise basée sur Fastlane, CENTS. Pas de stocks, pas de cyrpto, pas de Gamestop de day-trading, et pas de quoi que ce soit de médiatisé dans le commerce de détail.

Triste que des millions de personnes découvrent bientôt qu'elles ont mis tous leurs œufs dans le MAUVAIS panier.

Oui, les stocks vont se redresser. Crypto survivra probablement. Mais le fait est, pourquoi n'avez-vous pas PRIS LE CONTRÔLE DE VOTRE VIE FINANCIÈRE ?

Vous n'avez pas jouer à ces jeux.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

Thank you very much for this post. This is a great reminder for all members of this forum. .

 

[Liandra]

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

I agree but to be fair fastlane businesses can be affected by supply chain bottlenecks and government decisions. For example our business suffered a little when we couldn't get stocks from China because of corona virus and our government sometimes decides out of the blue that in certain niches there can't be any private company (for example tobacco shops, IVF clinics).
I would say the safest bet is having at least two businesses and investing the extra profit, diversifying as much as possible.

 

[Goodfella999]

Would you consider a full time REI, someone like Ben Mallah who ive been watching for a long time in that same category?

View: https://www.youtube.com/watch?v=ulW40FAdXPo

 

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[James Klymus]

Forgot to mention how "Forex" was a big one in the late 2000s. Tons of "gurus" selling get rich Forex programs, and people coming here saying it was going to be their "Fastlane". Not one of them every reported any kind of success, near-term, or long-term.

I still have people that I know who want to get into daytrading and forex. I personally have never known, or heard of anyone who had made any significant wealth from either. But courses teaching people how to daytrade/trade forex, Plenty of people have made lots of money from that.

 

[RicardoGrande]

Starting with my first professional job after college, I started saving up all my money and kept it in savings for either a house or a business and get into the fastlane.
All of my slowlane friends dumped into stocks or shiny toys and called me an imbecile and told me to just "enjoy life".
After 2020 happened and tik-tok real estate guru investors and blackrock priced me out of the market, they continued to call me stupid and asked me why the hell I'd hold onto all that cash if getting a house in the u.s. is a pipedream.
I ignored them and held anyway.

The entirety of the past few years since I read TFF, my mantra has been "I'm waiting for the right opportunity to spring into action, and invest my money into a business that will tangibly improve others lives, and be rewarded with profits in kind".
Basically, testing as much as I can, and throwing in on the first opportunity I can see sparks with. It's been a long road and I haven't been blessed with something that has stuck yet, but I keep trying.

Fast forward to this week's market melt down, all those slowlane friends who were laughing at me are now horrifically down in their portfolios, have no savings and leveraged to their eyeballs in credit card debt and one guy who was doing tiktok RE flipping is basically on fire (with his skin melting off) at the moment.

Me?
I'm just fine, absolutely fine even. Still learning, still waiting.
I'm not the gazillionaire dollar deodorant club billionaire I'd like to be, but I've tried things and haven't given up on the fast lane.

Side note: Finding freelancing leads as Brandon implodes the world economy became more difficult so I went back to looking at my venture ideas and at possible jobs since my job pays nothing. Seeing the stories of suffering and people bending over backwards and starting shell companies so they wouldn't have a 2 month gap on their resume only re-enforced that the path of the wage slave, the cubicle cretin, is not for me or anyone that wants to live an actual life.
Just have to put in the work to get the leverage and escape the rat race

 

[Black_Dragon43]

This means that investing/trading your own money to become rich is exceptionally rare.

If you are a professional manager managing other people’s money then it becomes a business that has some scalability.

100% true - however, one fact to keep in mind. A large share of “professional money managers” did start out as traders or investors, using their own money. If you have a proven track record, it’s easier to get other people to give you their money.

All HNW individuals who work in trading/investments that I know of would describe themselves as business owners nowadays. But that’s not how they started, nor would they have ever been able to start had they not traded or invested their way to significant sums of money.

 

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[Dami-B]

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

Hey man, my business operates from West Africa, and I can give you a tremendous amount of challenges and difficulties that will fill threads of what it takes to operate a business in the third world, but honestly we live in a world where the internet has made us all more interconnected and the opportunities are so much more abounding that you just have to chase after them.

I'll suggest you watch this MJs video below, it's a roadmap to get you from where you are to where you need to be -

View: https://youtu.be/r_58zPgArb4


What skills do you have?

You can devote some time to learn a new skill that you can serve with across borders, I learnt no code development specifically bubble and have already worked with 2 clients from the U.S and Dubai and that was a skill I picked up for fun purposes.

All the best in your journey!

 

[Kevin88660]

100% true - however, one fact to keep in mind. A large share of “professional money managers” did start out as traders or investors, using their own money. If you have a proven track record, it’s easier to get other people to give you their money.

All HNW individuals who work in trading/investments that I know of would describe themselves as business owners nowadays. But that’s not how they started, nor would they have ever been able to start had they not traded or invested their way to significant sums of money.

In the past there were more investment/ trading related jobs available.

A typical career path is analyst in an investment firm or a trader (market maker) in an investment bank. With a few years of experience they took the plunge to join smaller investment firms/hedge fund to take more active investment roles where a larger proportion of pay come from variable. The funds are doing well, they become managers who own a larger percentage profit sharing with the firms.

Eventually they took the plunge to start their own firms.

So typical profile is a mid 40s guy with at least mid seven digit net-worth starting his own fund, with track record and put a lot of his own money in the fund to have stake in the game.

Over the years the industry is dying for smaller players because most investors realise that most active managed funds do not out perform the market. So there is a trend of money going after passive funds with lowest fee.

This gave advantage to big players with economies of scale.. Black Rock, Vanguard..for instance.

Fundamentally it is a bad way of making money as a business to run an investment fund. Markets are fairly efficient these days. If you can dig out inefficiencies fighting with rivals of math phds I think you can have better future providing real value to customers and users.

Better business are always service providers. Market data providers, consultant firms selling reports….