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money system

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  1. TechnoGamer

    Money System Management: More examples?

    Hey all, I've read the Fastlane Millionaire and Unscripted. It's been the most essential book I'd say (in terms of business mindset) for the business that I've been running for 5+ years now. The chapter on MJ's Money System struck a cord with me. The way he manages his money is VERY different...
  2. pinonirvana

    How to protect our investments? Did COVID affected yours?

    Hello everyone! I would like to understand better how you manage your money system: 1) concerning your investments, do you shield yourself behind a company or invest as a private? I live in Europe, so for sure rules are different here, but it is still interesting to understand how you...
  3. D

    Domain Speculating an Intelligent Risk? (As part of a money system)

    Overlooked Money System idea, is buying cheap to carry domain names an intelligent risk? And by Intelligent, you have a strategy like: You buy & hold domain names that aren't taken - a few four/five letter dotcoms, some .coms with african words & south asian words for common things (you...
  4. M

    Lifetime passive income: The Paycheck Pot In Action

    Want to earn a passive income every single month for the rest of your life? And be able to survive a recession or a market collapse? Earn (and save) enough money to build a Paycheck Pot, a lump-sum portfolio that yields a passive income EVERY MONTH through the use of market investments such...
  5. FastLaner007

    MJ talks about living off of 3.5% interest from bonds for life. But is he correct?

    Dear Fastlaners, I have a genuine question. MJ says in TMF and UnScripted that you can live off of interest from a large sum of money all your life without working. But I have a doubt. Suppose you have $10 million invested in municipal bonds, and you earn 3.5% interest per year. That's...
  6. apollo_web

    Emergency Fund, Do You Have One?

    Hey there fastlaners, Wanted to share one of the most beneficial (albeit not the most exciting), ideas I've picked up from slowlane financial books + resources, and that's building up an emergency fund. Now I know those looking to build explosive income, aren't necessarily focusing on building...
  7. NicholasCato

    Should I just goto Kickstarter?

    so long story short, after getting tired of the dead end gig to gig cycle I was trapped in as a freelancer last year, I decided to get a day job to help fund my first potential fastlane idea. The business idea is a educational app that will work like a monthly subscription service. It’s been 3...
  8. Scott Fleming

    HOT TOPIC MONEY SYSTEM - after the exit from several $million Amazon Business

    Hello Community, I posted a thread before about the sale of my Amazon business for several $million: Sold business for several $million - now a family business? Over the past couple of months I have met numerous "Wealth Management" firms, but so far something in my gut is stopping me moving...
  9. NicholasCato

    The cost of your dreams Chapter 37 of Millionaire Fastlane

    So I’m currently on chapter 37 of MF, and after spending a couple hours working on it, I’ve mapped out my roads destination. I thought I would share it here to keep myself accountable and make it real to me instead of having it in a google doc that only I have access to. The lifestyle: A...
  10. M

    Post Your Stock Picks: Massive Growth, Dividend, or Other!

    This forum has been around for 10 years and I can't believe I never started a "stock" thread. Guess now is as good as a time as ever. For those of you who dabble in the stock market for medium to long-term holds, what stock has piqued your interest? What stock do you foresee will be the next...
  11. e_fastlane

    HOT TOPIC Living Unscripted - Handling millions harder than making them?

    The last part of Unscripted hit really close to home for me, as I have needed to start making money on my money years ago already. The issue is that I have been too busy making money in my business instead (or enjoying my free time). This results in 7 figures sitting in cash and withering away...
  12. Lucid Tech

    Money System: Technical Analysis Question (MZA vs FAX)

    This relates to the Money System mentioned towards the back of Unscripted, and how to perform due diligence on quality of cash flows. This will compare two examples (at least one is mentioned in the book): BlackRock MuniYield Arizona (MZA) and Aberdeen Asia-Pacific Income Fund Inc (FAX). Both...
  13. Arun Siva

    Acquiring Capital

    how to acquire some capital without credit and without help from family (since there isnt much in the latter) any ideas or suggestions? How to leverage OPM for ventures? What is a lucrative strategy or proposition?
  14. M

    Investing in the ONE sure thing.

    I mentioned a few times in both my books that there are NO financial experts when it comes to the markets... one says doom-and-gloom, another says to the moon! Here are some interesting charts that counteract common financial mantras... mantras such as: It can't go to Zero... Housing only goes...
  15. GIlman

    Question about dividend investing, when to sell and take losses?

    @MJ DeMarco one question i have from you book is how do you protect your money system from loss. You talk about selling your dividend,reit and other stocks in a runup. But what about if the stock price declines. For example SO is around 48 right now. Say you bought today and it slowly...
  16. M

    NOTABLE! Money System Management: Real Example, Closed-End Fund

    Money system management was discussed briefly in UNSCRIPTED toward the back end of the book. I thought I'd relay a real-life example into how I recently managed a money-system investment. While my objective in these investments is a monthly yield, sometimes the instruments move in a fashion...
  17. Rabelo

    NOTABLE! What is the minimum amount one needs to be in the position of "FU"?

    i have been wondering what is the exact amount that you need in order to tell your boss it's over. which one works better, being a millionaire or just simply have income that is 5 times more than all your expenses combined.
  18. Max Crowe

    INTRO $10,000,000 and counting (Hello)

    Well Hi there! Did I do good enough job grabbing your attention with that number in the title? I hope so! Unfortunately It was the only purpose of that number. So feel free to hate and critique me now, but since you're already here , hey why not read my story?:smuggy: My name is Max...
  19. MakeMoreMoves

    Capital Loss and Income Pot

    I have been trying my hand at building my money system income pot. I know it's it's only worth it when you have a large principal amount. But, I am starting to see that this money system is very hard to get actually get stable income, the end goal. I can't imagine putting over a million into...
  20. Michael Greene

    What are some resources to learn about money /finance ?

    Yo guys, Do you guys have any recommendations of books (or anything else) where I can learn more about finances ? Basically I want to get a better understanding of the things MJ talks about a money system.

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