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Entrepreneurial Personal Finance

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Platinum Contributor
Read Millionaire Fastlane
Speedway Pass
Jan 9, 2014
Indianapolis, Indiana
Hey guys!

I went over personal finance a bit in my personal progress thread here.

I mean the concept is basic, If I can't take a hold of the finances at home... How can i even fathom to mange a lean and profitable business. So I've been working on the home front on cutting down expenses and building a budget.

Tons of resources and tools out there, I've noticed myself going back to r/personal finance. Before you start shooting them down for the 'slowlane' mentality. There are solid gems and advice in there that I deemed valueable. However, the biggest thing for me is their wiki and pool of spreadsheets and resouces to make yourself even more effeicent.

One of the biggest things that I really liked was this flow chart.

It's really profound, but what would you change in it to make it Fastlane? For me everything makes sense until you hit step 3 or 4.

I'll be honest, I'm not that far ahead myself. I'm working on my current emergency fund.

This is an awesome road-map and was wondering if we could modify it to meet the fastlane mindset and how we contribute our time and money.

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Legendary Contributor
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
May 27, 2013
United States
It's really profound, but what would you change in it to make it Fastlane? For me everything makes sense until you hit step 3 or 4.

Damn, the slowlane is really complicated. No wonder so few find any success that way.

The Fastlane is much simpler.


Step 0 - Don't spend money on things you don't need. If you need it, buy it as cheaply as possible.

Step 1 - Get cash to pay bills and create an MVP. Get a job, craigslist, etc.

Step 2 - Pay off credit card debt.

Step 3 - Re-invest as much profit as you can into the business.

Step 4 - Do not contribute into a retirement account. Re-invest profits in the business instead.

Step 5 - Re-invest into the business some more.

Step 6 - When the sale price of your business equals your desired f*ck You Money amount, sell it.

Step 7 - Pay off all remaining student loans and other debts, including mortgage, in one lump sum.

Step 8 - Put your money in traditional investments or real estate to store your wealth.
Last edited:


Legendary Contributor
Staff member
Read Millionaire Fastlane
Summit Attendee
Speedway Pass
Oct 22, 2010
Woodstock, GA
Just passed this along to some slowlaners that make good money and we're asking for initial 'no businesses' finance ideas. Thanks!

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