An antinomy in MJ's thinking (Unscripted)

[Lunaticc]

Hello to all!
I'm guessing most forum members have read the Millionaire's Highway, and some have read "going off script".
I'm currently reading "no to the script" and I find that there is a flaw in MJ's reasoning on one point: how do you dose your intake?
In his first example, MJ describes people on the sidewalk, who are not careful about their spending, despite being in debt.
On the other hand, those who limit their spending to the maximum in order to invest what little they have in the stock market.
Now I have a question. What is the right consumption compromise according to MJ? I certainly haven't figured it out, but if anyone can give me some guidance, it would be beneficial!

Thanks for taking the time to read this post!

 

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[Johnny boy]

Make sure to read other popular books such as "The way of friend making and people influencing" by Dale Carnegie or "the 48 suggestions of powerfulness" by Robert Greene or "one of my dads is rich, and one of my dads is poor" by Robert Kiyosaki, or my personal favorite "I only worked 4 hours this week" by Tim Ferris.

 

[Anon3x156]

Make sure to read other popular books such as "The way of friend making and people influencing" by Dale Carnegie or "the 48 suggestions of powerfulness" by Robert Greene or "one of my dads is rich, and one of my dads is poor" by Robert Kiyosaki, or my personal favorite "I only worked 4 hours this week" by Tim Ferris.

You forgot to add: "Gold-digging Lessons from Ancient Babylon: How to Be the Second Wealthiest Person in the Babylon"

 

[Lunaticc]

Make sure to read other popular books such as "The way of friend making and people influencing" by Dale Carnegie or "the 48 suggestions of powerfulness" by Robert Greene or "one of my dads is rich, and one of my dads is poor" by Robert Kiyosaki, or my personal favorite "I only worked 4 hours this week" by Tim Ferris

Is it ironic?

 

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[heavy_industry]

Make sure to read other popular books such as "The way of friend making and people influencing" by Dale Carnegie or "the 48 suggestions of powerfulness" by Robert Greene or "one of my dads is rich, and one of my dads is poor" by Robert Kiyosaki, or my personal favorite "I only worked 4 hours this week" by Tim Ferris.

The collection can't be complete without MJ's third book, "The great rat escaper".

After you're done with "The Million Highway" and "Non-Scripted", you also have:

• "Nuclear Habits" - James Clearence
• "Think rich and grow big" - Napoleon Bonaparte
• "The 7 Hobbits of Highly Efficient People" - Stephen Corvette
• "12 Rules, 4 Lives" - Jordan Petersburg
• "Can't hurt this" - David Google

Highly recommended.

 

[Lunaticc]

The collection can't be complete without MJ's third book, "The great rat escaper".

After you're done with "The Million Highway" and "Non-Scripted", you also have:

• "Nuclear Habits" - James Clearence
• "Think rich and grow big" - Napoleon Bonaparte
• "The 7 Hobbits of Highly Efficient People" - Stephen Corvette
• "12 Rules, 4 Lives" - Jordan Petersburg
• "Can't hurt this" - David Google

Highly recommended.

well I see that it makes a lot of people laugh, but why?

 

[Anon3x156]

well I see that it makes a lot of people laugh, but why?

who's going to tell him guys

 

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[Lunaticc]

who's going to tell him guys

then just tell me?

 

[Johnny boy]

Take a picture of the cover of this “millionaire Highway” book please and post it here I am curious to see it

 

[Lunaticc]

Take a picture of the cover of this “millionaire Highway” book please and post it here I am curious to see

What you need to know is that I originally wanted to discuss this antinomy for people who might have started by reading No to script before milliionaire fastlane. I know that MJ is making a point about investing all of his capital in his business. I don't know who you think you are making a joke of this, but it wasn't very clever

 

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[xxx22]

Hello to all!
I'm guessing most forum members have read the Millionaire's Highway, and some have read "going off script".
I'm currently reading "no to the script" and I find that there is a flaw in MJ's reasoning on one point: how do you dose your intake?
In his first example, MJ describes people on the sidewalk, who are not careful about their spending, despite being in debt.
On the other hand, those who limit their spending to the maximum in order to invest what little they have in the stock market.
Now I have a question. What is the right consumption compromise according to MJ? I certainly haven't figured it out, but if anyone can give me some guidance, it would be beneficial!

Thanks for taking the time to read this post!

Nobody is perfect, the depressing thing I thought of was that instead of trying to break the script, you are to build yourself a raft and paddle away using the fastlane approach, I think if I succeeded in the Fastlane I'd still be upset for other people stuck there but on the other hand you need nurses, doctors, soldiers, police officers, firefighters, heck even waiters, cooks, lawyers, chefs etc. All of them live within the Script but those jobs and people are essential. We might actually need the Script for the society to survive.

 

[Lunaticc]

Nobody is perfect, the depressing thing I thought of was that instead of trying to break the script, you are to build yourself a raft and paddle away using the fastlane approach, I think if I succeeded in the Fastlane I'd still be upset for other people stuck there but on the other hand you need nurses, doctors, soldiers, police officers, firefighters, heck even waiters, cooks, lawyers, chefs etc. All of them live within the Script but those jobs and people are essential. We might actually need the Script for the society to survive.

I agree, in my opinion the words are still exaggerated in the book, because as you said we can not do otherwise than the current system.

 

[savefox]

Make 100k per month, live on 15k

 

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[Subsonic]

Hello to all!
I'm guessing most forum members have read the Millionaire's Highway, and some have read "going off script".
I'm currently reading "no to the script" and I find that there is a flaw in MJ's reasoning on one point: how do you dose your intake?
In his first example, MJ describes people on the sidewalk, who are not careful about their spending, despite being in debt.
On the other hand, those who limit their spending to the maximum in order to invest what little they have in the stock market.
Now I have a question. What is the right consumption compromise according to MJ? I certainly haven't figured it out, but if anyone can give me some guidance, it would be beneficial!

Thanks for taking the time to read this post!

The idea is to live below your means with the goal to expand your means.

If I spent 500€ a month I am living above my means.

If Jeff bezos spends 500.000 a month he is living below his means.

The rule of thumb for being able to afford something is this:
If you need to think about it or there is a condition then you can't afford it.
I don't need to think about the pizza I bought tonight after the club. It won't have a negative impact on my life.
If on the other hand I bought the 1995 Mustang for 5k I would loose sleep over it and then also be left with nothing.

Better example, I was looking for new clothes and saw a really nice pair of jeans. I looked at the price tag and it was on sale for "just" 75€. While I could have bought it, it would have hurt and that tells me I can't afford it.

Tldr. Only spent money untill you get negative thoughts or untill there is a condition for being able to afford it.
Also never make a purchase that then endangers your future, should something happen.

 

[Lunaticc]

The idea is to live below your means with the goal to expand your means.

If I spent 500€ a month I am living above my means.

If Jeff bezos spends 500.000 a month he is living below his means.

The rule of thumb for being able to afford something is this:
If you need to think about it or there is a condition then you can't afford it.
I don't need to think about the pizza I bought tonight after the club. It won't have a negative impact on my life.
If on the other hand I bought the 1995 Mustang for 5k I would loose sleep over it and then also be left with nothing.

Better example, I was looking for new clothes and saw a really nice pair of jeans. I looked at the price tag and it was on sale for "just" 75€. While I could have bought it, it would have hurt and that tells me I can't afford it.

Tldr. Only spent money untill you get negative thoughts or untill there is a condition for being able to afford it.
Also never make a purchase that then endangers your future, should something happen.

Okay nice thank you !

 

[Saad Khan]

then just tell me?

It's not the "millionaire highway." It's actually "The Millionaire Fastlane ." Seems like you read the book in a language other than English. Get your wording right or this trolling will continue.

Luckily, You also got an intro to the fastlane culture we have here. Welcome.

 

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[Robdavis]

Take a picture of the cover of this “millionaire Highway” book please and post it here I am curious to see it

Johnny, I think that this person has read the books in French.
The "Millionaire Highway" would be the following:


And "no to the script" would be this book:


I can't find "going off script". Maybe that is in a different language.

 

[Lunaticc]

Johnny, I think that this person has red the books in French.
The "Millionaire Highway" would be the following:
View attachment 47241

And "no to the script" would be this book:
View attachment 47242

I can't find "going off script". Maybe that is in a different language.

You are right, i’m french ! And my english is'nt really good..

 

[Andy Black]

You are right, i’m french ! And my english is'nt really good..

Your English is much better than my French, and I commend you on posting in a forum in a language you don't think you're really good at.

I hope you stick around and check out some of the Gold threads. Personally, I've found the friends and relationships I've made to be the biggest benefit of the forum.

Where are you in your entrepreneurial journey? What's your next step?

 

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[Anon45x4yB]

You are right, i’m french ! And my english is'nt really good..

It remains important to forge a critical mind by exploring several authors in the field!

( @Forsureits En tant que francais moi aussi, je te conseille le livre d'Olivier Roland "Tout le monde n'a pas eu la chance de rater ses études". Je l'ai trouvé plus axé sur le développement personnel . Une vraie mine d'or, facile à lire car c'est sa langue originale. )
Salutations de Lyon !

 

[Lunaticc]

Your English is much better than my French, and I commend you on posting in a forum in a language you don't think you're really good at.

I hope you stick around and check out some of the Gold threads. Personally, I've found the friends and relationships I've made to be the biggest benefit of the forum.

Where are you in your entrepreneurial journey? What's your next step?

Thanks for that kind reply !
This is very encouraging, and I hope I can learn some benefits like you.
I am not yet in my twenties, so I don’t have much experience in entrepreunarial, but I have a very good impression of this forum and the peoples in.
Hope we can discuss another time

 

[Lunaticc]

It remains important to forge a critical mind by exploring several authors in the field!

( @Forsureits En tant que francais moi aussi, je te conseille le livre d'Olivier Roland "Tout le monde n'a pas eu la chance de rater ses études". Je l'ai trouvé plus axé sur le développement personnel . Une vraie mine d'or, facile à lire car c'est sa langue originale. )
Salutations de Lyon !

Je note la référence, c’est bon à prendre
Merci pour votre réponse, et salutations !

 

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[heavy_industry]

Seems like you read the book in a language other than English.

That's exactly what I thought. I knew that the book is translated in 20+ languages.

@Forsureits Don't take it to heart.
None of us is acting in bad faith. We were just having fun.

Welcome to the forum!

 

[Lunaticc]

That's exactly what I thought. I knew that the book is translated in 20+ languages.

@Forsureits Don't take it to heart.
None of us is acting in bad faith. We were just having fun.

Welcome to the forum!

Thanks for your response

 

[Johnny boy]

ah

 

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[Saad Khan]

ah

Am I too young to understand this?

 

[Johnny boy]

Am I too young to understand this?

oui

 

[WillHurtDontCare]

ah

cultured humor

 

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[ZackerySprague]

Hello to all!
I'm guessing most forum members have read the Millionaire's Highway, and some have read "going off script".
I'm currently reading "no to the script" and I find that there is a flaw in MJ's reasoning on one point: how do you dose your intake?
In his first example, MJ describes people on the sidewalk, who are not careful about their spending, despite being in debt.
On the other hand, those who limit their spending to the maximum in order to invest what little they have in the stock market.
Now I have a question. What is the right consumption compromise according to MJ? I certainly haven't figured it out, but if anyone can give me some guidance, it would be beneficial!

Thanks for taking the time to read this post!

It's called Measured Elevation, in Unscripted . MJ talks about how you should spendless than the amount of money you make from your business.

In this case if I say made $75,000 dollars per year profit or salary (If you have a job). The idea is to spendless that amount. If you take out 30% of taxes for a normal salary job then I would make close to $50k profit or roughly about $4,500 dollars I can spend a month in terms of living expenses.

The good thing about not spending money on credit and using straight cash is that you know how much money you make and you know how much you can spend.

I do this currently, I have live off cash from my paychecks until my business takes off to the point to where I no longer need to work.

You would want to work out a budget for now until your business removes that term for you when you have sold a business and created money-system as he suggestions then budgeting no longer becomes a concern.

But for now I have a budget and ensure that I have a net positive cashflow.

1. Make sure you pay for your basic needs
2. Make sure you pay for your cornbread business expenses.
3. Reduce Debt -> Pay everything that you owe back.
4. Save -> Put money into your money system.


The money-system's purpose is to be rent out the principal to Dividents, REITS, Bonds, etc in terms of getting a return. He has graphs to explain this in the book.

Your business-system will also fund the money-system to which rents out the principal. So let's say you sell a company for $1million, you would rent it out to receive a return maybe around 3-5%. Honestly it's genius thinking on how to create a real-life passive income after working hard for years and selling a company.

Their's a short book called Wealth-Exposed he wrote and sells it on Amazon. Not sure many people know about, but it's a pretty good short-read.

 

[DCG]

Hello to all!
I'm guessing most forum members have read the Millionaire's Highway, and some have read "going off script".
I'm currently reading "no to the script" and I find that there is a flaw in MJ's reasoning on one point: how do you dose your intake?
In his first example, MJ describes people on the sidewalk, who are not careful about their spending, despite being in debt.
On the other hand, those who limit their spending to the maximum in order to invest what little they have in the stock market.
Now I have a question. What is the right consumption compromise according to MJ? I certainly haven't figured it out, but if anyone can give me some guidance, it would be beneficial!

Thanks for taking the time to read this post!

As long you live below your means to expand your needs You should be fine