MJ DeMarco
I followed the science; all I found was money.
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Reflections from this article just release from the Atlantic, which basically exposes the Fastlane as life's financial cheat-code, and as such, is more of a "pay your fair share" tax drivel.
Americans Don’t Understand Who’s Rich
If you have Apple News, you need to access it from there.
Here is the AI summary of the article from the Fastlane perspective...
### AI SUMMARY
Summary: The Mainstream Media’s Belated Discovery of the Fastlane
Recent coverage by The Atlantic regarding the rise of "Everywhere Millionaires" reads less like a groundbreaking economic revelation and more like a belated validation of MJ DeMarco’s The Millionaire Fastlane.
The article highlights a "discovery" by economists: the true wealth in America isn't exclusively held by Silicon Valley tech titans or Wall Street elites, but by local business owners—auto dealers, regional distributors, and medical group owners. The media expresses surprise that these individuals leverage pass-through corporations to build massive wealth, labeling them "creatures of the tax code."
For advocates of DeMarco’s work, this is old news. Here is how the article inadvertently proves the core tenets of his philosophy:
### END AI SUMMARY
Of note...
Many of the industries are not sexy. No mention of following passion.
And yet, I'm sure there's a lot of passion while you're sailing on your 100 ft yacht...
Excerpts...
Americans Don’t Understand Who’s Rich
If you have Apple News, you need to access it from there.
Here is the AI summary of the article from the Fastlane perspective...
### AI SUMMARY
Summary: The Mainstream Media’s Belated Discovery of the Fastlane
Recent coverage by The Atlantic regarding the rise of "Everywhere Millionaires" reads less like a groundbreaking economic revelation and more like a belated validation of MJ DeMarco’s The Millionaire Fastlane.
The article highlights a "discovery" by economists: the true wealth in America isn't exclusively held by Silicon Valley tech titans or Wall Street elites, but by local business owners—auto dealers, regional distributors, and medical group owners. The media expresses surprise that these individuals leverage pass-through corporations to build massive wealth, labeling them "creatures of the tax code."
For advocates of DeMarco’s work, this is old news. Here is how the article inadvertently proves the core tenets of his philosophy:
- The Tax Code as a Producer’s Blueprint: What academics are just now identifying as a phenomenon, DeMarco codified decades ago as a foundational Fastlane strategy. The Slowlane script relies on W-2 income, where the government extracts its share off the top before the earner sees a dime. Fastlaners, operating through entities like LLCs and S-Corps, play by the producer's rules: they earn, reinvest, deduct, and are taxed on the remainder. It is not a loophole; it is a system designed to reward those who drive the economy.
- The C-E-N-T-S Framework in the Wild: The local millionaires profiled in the study are textbook examples of DeMarco’s C-E-N-T-S framework. They didn't get rich clipping coupons or relying on a 7% mutual fund return. They scaled their systems, maintained control of their entities, solved local or regional needs, and ultimately divorced their wealth from their direct time.
- The Ignored Sacrifice: While the media marvels at the financial spoils of the "Everywhere Millionaire," they completely gloss over the invisible scars of the entrepreneur. This is exactly the gap DeMarco tackles in Choose Hard, Live Easy. Journalists see the $10 million net worth and the tax advantages, but they miss the years of grueling sacrifices, the suffocating risk of failure, and the discipline required to build those systems. These millionaires are the literal embodiment of choosing the hard path of production upfront to secure the easy, unscripted life later.
### END AI SUMMARY
Of note...
Many of the industries are not sexy. No mention of following passion.
And yet, I'm sure there's a lot of passion while you're sailing on your 100 ft yacht...
Excerpts...
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