amp0193
Legendary Contributor
FASTLANE INSIDER
EPIC CONTRIBUTOR
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
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.
Fastlane:
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.
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