Has anyone on this forum become a millionaire from reading TMF?

[MJ DeMarco]

Here's another question you should ponder...

If I gave you a treasure map which identified a hard-to-reach location of a treasure halfway around the world, would READING the map over-and-over make you a millionaire?

 

[RHL]

More like, if MJ handed out a blueprint for a tested, proven machine that could turn rocks into gold, but the parts that went into the device were expensive and rare, so you'd have to check hundreds of hardware and scientific supply stores and watch eBay 24/7, and the construction time for the device would take 3-7 years, would you put in the money and effort to build it?

Or just sit around at night, browsing rich people's Snapchat stories and dreaming about how nice your life would be if you actually took the time to build that machine, which you could totally build anytime you want, it's just, tonight, HBO is having a marathon of your favorite show, and it's almost Christmas, so better to start in the new year, you know, when your schedule is clear.

 

[Phones]

No one *becomes* a millionaire from reading TMF .

Now, has TMF inspired people who, by their own efforts and resilience, later became millionaires? Yes, definitely.

And many more who even tho may not be millionaires, have been able to *acquire* their own freedom and achieve successes they never though possible. Myself included there. Stick around for a while, finish the book, you will see them.

 

[RHL]

I suppose for most it's better to play on hard mode than not to play at all.

Usually not, actually. I hate to be so down about this, but lots of small business owners end up making functionally the same take-home pay as an employee ($100,000 or less), and there are waaaaay more headaches. Your boss won't call you in at 3AM to assess the damage from a burst pipe and contact a plumber. Your boss won't dock your pay if your inventory has shipping problems. You won't be in charge of advertising and R&D and shipping and customer service if you're employed by a company. If your employer gets sued, you won't lose your house. Working a soul-sucking job is bad. But, I'd argue, starting a non-CENTS business with very limited potential (most businesses) is even worse. Yes, following orders sucks. Having your day scheduled sucks. But it's life on easy mode, even if the rewards are low.

The Chinese restaurant near me (one of about 20 within a 15-minute drive), the same three guys and two girls work there ELEVEN HOURS A DAY, SEVEN DAYS A WEEK. There is rarely anyone in there. They look incredibly tired each time I go in there. I walk past there late at night in the summer when I'm jogging: They all pile in a 90's Mercury minivan with severe rust damage and a broken side window when they leave. That's what it looks like when you violate CENTS.

If you have no degree or a useless undergraduate degree, then it might make sense, because it'll be hard for you to find a job that pays more than 35,000/yr in most areas. But if you have any sort of valuable professional degree (CS, engineering, nursing, etc.) or a skilled trade, I absolutely would not give that up for a non-CENTS business.

 

[SteveO]

I'm curious about this aswell.

Are there any fastlane success stories(made millions) that started their journey reading the book who're still around?

Yes there are. They are just not coming forward to say this.

I have been on this forum since the beginning and have watched many people hit success level. Some of them are still here, some post infrequently, some don't post at all anymore. Most of them are still in contact with each other.

I had already seen success prior to coming here. The message resonates though and a decent number of friendships have developed.

The majority of readers still have trouble with certain parts of moving forward.

It takes more than knowledge.

 

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[LightHouse]

Plenty of people here have become millionaires after the time they signed up on the forum... But was it because they read the book? No. Did the book help tune their mind and was a factor in their success? Possibly.

I'm not really sure what it matters, because success is created everyday, and it is not because of any one single thing. It's because people take control of their lives, dig deep, provide massive value to other people's lives, and become focused on their growth and contribution.

Stick around, read a bunch, and make moves every day that put you closer to your goals. You will get there as well.

 

[ChickenHawk]

One terrific thing about the book is that it helps you rule out ideas that are unlikely to make you a millionaire. Sometimes, I think that's half the battle. Let's say you're smart and ambitious and willing to work hard. If you're working on the wrong things, you might be wasting your time. But when you turn that energy to a Fastlane venture, your odds of success skyrocket.

(Now, if I'd only read the book before that unfortunate coffee-shop venture...)

 

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[jon.a]

I just realized that I'm focusing on the event of reading a book and then becoming a millionaire. Gosh dammit, I should keep off this forums for awhile haha. But I only ask to get a testimonial of how effective the principles are along the journey from an actual millionaire that has read the book, if that makes sense.

For me it's not the book as much as it's the forum members. Many are priceless.

 

[Fox]

I have more in my banks account now compared to when I was making a quarter million a year as a petroleum engineer.
And I have everyday to do as a please instead of 4 days a month.
So the book increased my saving ability x10+ plus my freedom 10x+.
That is directly from reading (and doing the action of course) the content in the book.

Pretty sure the million is coming soon too but its more fun to talk about stuff after it happens

 

[Vigilante]

Most of them are still in contact with each other.

This is an interesting and unexpected blessing that has come from achieving financial success during the window of participation in the forum and meetups. There's a hidden subculture that develops amongst super achievers that emanates from here and then goes off line into the real world.

I could name off to you a dozen or more people that I could call this morning from the forum (or message, more aptly) that would be in my own immediate circle, all of whom came from here and all of whom would fit that description.

I'd list them for you, but you might as well look at the top rep bank and you can see the list for yourself. It is interesting how value here correlates to value offline.

It's not an exclusive club. You can join it in 2017.

 

[Ecom man]

Usually not, actually. I hate to be so down about this, but lots of small business owners end up making functionally the same take-home pay as an employee ($100,000 or less), and there are waaaaay more headaches. Your boss won't call you in at 3AM to assess the damage from a burst pipe and contact a plumber. Your boss won't dock your pay if your inventory has shipping problems. You won't be in charge of advertising and R&D and shipping and customer service if you're employed by a company. If your employer gets sued, you won't lose your house. Working a soul-sucking job is bad. But, I'd argue, starting a non-CENTS business with very limited potential (most businesses) is even worse. Yes, following orders sucks. Having your day scheduled sucks. But it's life on easy mode, even if the rewards are low.

The Chinese restaurant near me (one of about 20 within a 15-minute drive), the same three guys and two girls work there ELEVEN HOURS A DAY, SEVEN DAYS A WEEK. There is rarely anyone in there. They look incredibly tired each time I go in there. I walk past there late at night in the summer when I'm jogging: They all pile in a 90's Mercury minivan with severe rust damage and a broken side window when they leave. That's what it looks like when you violate CENTS.

If you have no degree or a useless undergraduate degree, then it might make sense, because it'll be hard for you to find a job that pays more than 35,000/yr in most areas. But if you have any sort of valuable professional degree (CS, engineering, nursing, etc.) or a skilled trade, I absolutely would not give that up for a non-CENTS business.

I agree to an extant that life as an employee is "easier" for some people but I disagree that having a non cents business is worse than a job. If someone were to start a business selling handkerchiefs online and they imported them, they shipped them, they marketed them, they literally ran everything. After one year of running the business they are making say 50k in profit. Someone else at his job is still there making his 50k a year. Which one is in a better position going forward? The handkerchief business violates a huge chunk of the cents but the business owner now knows how to market, how to import, how to set up and operate a website etc. Which one of them now has some tools in their belt that they can use to start another business or branch off into more profitable products?

 

[Vigilante]

By the way, nobody in the world has become a Millionaire from "reading" the Millionaire Fast Lane, or any other book.

 

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[RHL]

One terrific thing about the book is that it helps you rule out ideas that are unlikely to make you a millionaire.

You'd think, but I still see *loads* of people on here launching businesses that are intimately tied to their time or individual talents, location dependent, or unlikely to scale. They're playing the game on hard mode. Why?

 

[Jon L]

I just realized that I'm focusing on the event of reading a book and then becoming a millionaire. Gosh dammit, I should keep off this forums for awhile haha. But I only ask to get a testimonial of how effective the principles are along the journey from an actual millionaire that has read the book, if that makes sense.

don't stay off the forum. Post honest questions like this. You'll learn much more quickly that way.

 

[MidwestLandlord]

I crossed the million mark post reading TMF .

Mostly it helped me see weakness in my strategies. After applying that mindset I quit hemoragging cash like the titanic taking on water lol.

 

[G-Man]

I really got into it in 2016 after owning the book since like 14 but never finishing it.

My side business only earned a few thousand dollars in 2016. I'm disappointed.

On the other hand, there is stuff coming down the tube that has the potential to make 2017 a six figure year for the business. The seeds for that were planted in 2016. It's because MJ converted me to committing to process and value instead of money.

I had the book for 2 years and accomplished nothing. I committed to process for 6 months and... we'll see

 

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[SteveO]

Absolutely, it takes more than knowledge. Thanks for explaining to me.

Since you've been here a really long time you've seen alot, so I hope you don't mind me asking.

Everyone's situation is different but in your opinion, what is the difference between the successes on this site and those who don't see much result after many years? Is it simply about the level of action or is there something else?

Oh and, what do you mean when you say most readers have trouble moving forward?

Can this be answered without sounding condescending or offensive?

Actually though, the answers are ALL OVER the forum.

All of the steps are outlined on here in multiple formats. It is not difficult to decipher.

There are many reasons but the key reason that I see is that "drive" is lacking. Also hampering is fear and self-doubt.

"Some gotta win some gotta lose" Danny O'Keefe "Good Time Charlie's Got The Blues"

 

[MidwestLandlord]

More like, if MJ handed out a blueprint for a tested, proven machine that could turn rocks into gold, but the parts that went into the device were expensive and rare, so you'd have to check hundreds of hardware and scientific supply stores and watch eBay 24/7, and the construction time for the device would take 3-7 years, would you put in the money and effort to build it?

I bought into someone else's already built machine. I get to keep a lot of the gold it makes, but in exchange he gets to tell me how often I can run it, how to run it, and that I am not allowed to hire someone to run it for me. He's too old and tired to improve this machine, or to even replace parts that are missing and broken. So it steadily makes less and less gold, until one day it won't make any gold at all.

I've built other machines myself, but I keep ignoring the instructions, using the wrong parts, and get silver instead of gold. So I hire others to run my silver machines while I continue to work on building a gold making machine, this time using the right parts.

I really like this analogy.

 

[SteveO]

Some give up not knowing how close they were to having a breakthrough. I was that person right before I joined this forum

It's hard to know the difference between quitting something because you gave up or quitting something because there really was no point in continuing.

That's why you have to believe in what you're doing or you won't be able to go the extra mile.

You don't know whether you've made the right decision or not.

There should be a process that you develop that will tell you. You have an idea that you believe will work. Your process should define all the criteria you will look at or test. It should include check points for evaluation. You evaluate at each check point and decide to move forward or not.

This process will change as you gain experience.

You will never know exactly. Keep emotion out of the decision making. It will help immensely if you can eliminate the fear.

Keep plugging away.

 

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[lowtek]

Plenty of people here have become millionaires after the time they signed up on the forum... But was it because they read the book? No. Did the book help tune their mind and was a factor in their success? Possibly.

I'm not really sure what it matters, because success is created everyday, and it is not because of any one single thing. It's because people take control of their lives, dig deep, provide massive value to other people's lives, and become focused on their growth and contribution.

Stick around, read a bunch, and make moves every day that put you closer to your goals. You will get there as well.

is it ok if I dabble, dip my toes, test the waters, see how it goes, give it the ol' college try?

 

[SteveO]

Sorry if I asked stupid questions.

I'll make sure to go through the site, thanks for your answer.

Nothing wrong with the questions and they are not stupid.

My answer was not aimed at you either. The question was why some succeed while others don't. My answer was that the information is there so that is NOT the reason.

One thing to keep in mind is that success does not happen overnight. It is a process that frequently feels like it is going nowhere. This is why drive is so important.

 

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[GatsbyMag]

**Please move thread if in wrong place or lock thread and post a link to a duplicate question with answers if the question has already been asked, sorry if it is!**

I'm curious as to how many millionaires have been made as a result of reading TMF and applying all its principles. It's probably a silly question because every time I'm online I see a new progress/update thread about a member of this forum who is sharing a story of how well he/she is doing. I only ask because I've recently began to really study TMF and it makes a lot of sense to me and I said the same thing about Rich Dad Poor Dad, The Richest Man in Babylon and Think And Grow Rich.

Fortunately there is an online community based around TMF and I get to communicate with readers of this book through it at no cost, I'm not putting it to waste.

P.S. Please understand I'm not implying anything by my question. It means exactly what it says. I'm already seeing positive impact being made in my life as a result of the 192 pages I've read so far (I got the book a few days ago).

As always, thank you all!

 

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[LightHouse]

For me it's not the book as much as it's the forum members. Many are priceless.

And @jon.a is our most priceless of all!

 

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[jesseissorude]

I just realized that I'm focusing on the event of reading a book and then becoming a millionaire. Gosh dammit, I should keep off this forums for awhile haha. But I only ask to get a testimonial of how effective the principles are along the journey from an actual millionaire that has read the book, if that makes sense.

No worries!

To answer the question in the spirit it was asked: I think MJ will be the first to say that reading that book won't make you a millionaire. It's a combination of a lot of things, and adopting the mindset put forward in the book is just one piece of the puzzle.

Have people become millionaires without the book? Absolutely. Have people become millionaires after reading the book? Also absolutely.

It's one extremely small piece of the puzzle... plus it's such a fast read there's no downside

 

[thinkandgrowrich]

Here's something I realized, I want everybody to correct me if I'm wrong.

If you had a step-by-step plan of becoming a millionaire, guaranteed to give you results, and it was offered to the public, 75% of people would ignore it, 20% of people would buy into it but take no action or give up after a couple tries, and 5% of people would actually follow through and thus become millionaires.

This is just some stupid theory I made up but yeah lol

 

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[RazorCut]

I agree to an extant that life as an employee is "easier" for some people but I disagree that having a non cents business is worse than a job. If someone were to start a business selling handkerchiefs online and they imported them, they shipped them, they marketed them, they literally ran everything. After one year of running the business they are making say 50k in profit. Someone else at his job is still there making his 50k a year. Which one is in a better position going forward? The handkerchief business violates a huge chunk of the cents but the business owner now knows how to market, how to import, how to set up and operate a website etc. Which one of them now has some tools in their belt that they can use to start another business or branch off into more profitable products?

In that scenario I agree, except that scenario is rare. @RHL 's is sadly a much more common theme. Walk around any town and you will see business after business that is struggling to make decent money and proprietors putting in hours most millionaires would shudder at.

Many are family businesses, many are started with redundancy money foolishly built on the premise 'do what you love and you will never have to work a day in your life again'.

Watch these small businesses churn over as time goes by. Open one year, closed the next. Dreams soured, saving gone. But always a new hopeful ready to take up the challenge and build their own little business.

I've seen people who were comfortable, with a house almost paid for and savings in the bank go down this route and lose everything including their home in their 40's and 50's.

For the ill-prepared running their own business is nothing like they imagined and if you asked them "if you could turn the clock back would they do it again?" their answer almost invariably is a resounding NO!

 

[mgrowan]

the market doesn't pay for how many books you've read

Unless you're Tai Lopez ;P

 

[liljmoneyswag]

Has reading TMF made anyone a millionaire? Possibly

Did reading TMF give anyone financial freedom and the confidence to start a viable business? No doubt

 

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[Andy Black]

Here's something I realized, I want everybody to correct me if I'm wrong.

If you had a step-by-step plan of becoming a millionaire, guaranteed to give you results, and it was offered to the public, 75% of people would ignore it, 20% of people would buy into it but take no action or give up after a couple tries, and 5% of people would actually follow through and thus become millionaires.

This is just some stupid theory I made up but yeah lol

Very optimistic...

 

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[Andy Black]

By the way, nobody in the world has become a Millionaire from "reading" the Millionaire Fast Lane, or any other book.

Exactly.

Reading and learning is good 'n' all, but the market doesn't pay for how many books you've read.



The market doesn't pay for how much you know.

It doesn't even pay for activity.

The market just pays for results.