I'm reading The Millionaire Fastlane so that I will soon be able to say that I've read the whole thing. I just finished the first chapter on The Slowlane, so for those who have finished the book you know that I have quite a bit of reading left to do. However, while reading it I began thinking about my experience with a group of "Financial Advisors" that I've work with in the past.
I'll exclude the name of the company, however, it is a MLM company that turns people into "Financial Advisors". I put that in quotes because they are hypocritical. They flaunt many Fastline ideas to potential recruits to get them interested and suck them in but the "advice" that they give to clients is the text book definition of The Slowlane. Essentially their business model is "Get rich fast by teaching people how to get rich slow."
They teach that you need to save, invest, and buy insurance now so that you don't need to in the future. Rent a pile of money while you are working towards building your own pile of money...slowly. Once you have the pile of money you no longer need to rent the pile of money. I guess there is money to be made in teaching people Slowlane.
When I first encountered this company I absorbed what they taught because there was nuggets of truth sprinkled throughout. I lost money due to this company but that's my fault for being naive. Essentially taking their financial advise is like having a guy in a Lamborghini tell you that the fastest way to the finish line is in a Kia.
I'll exclude the name of the company, however, it is a MLM company that turns people into "Financial Advisors". I put that in quotes because they are hypocritical. They flaunt many Fastline ideas to potential recruits to get them interested and suck them in but the "advice" that they give to clients is the text book definition of The Slowlane. Essentially their business model is "Get rich fast by teaching people how to get rich slow."
They teach that you need to save, invest, and buy insurance now so that you don't need to in the future. Rent a pile of money while you are working towards building your own pile of money...slowly. Once you have the pile of money you no longer need to rent the pile of money. I guess there is money to be made in teaching people Slowlane.
When I first encountered this company I absorbed what they taught because there was nuggets of truth sprinkled throughout. I lost money due to this company but that's my fault for being naive. Essentially taking their financial advise is like having a guy in a Lamborghini tell you that the fastest way to the finish line is in a Kia.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
