Read Millionaire Fastlane
I've Read UNSCRIPTED
- May 27, 2013
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.