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- Jun 23, 2016
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Update: I just read The Millionaire Fastlane book, and I’m very glad I stopped putting off reading it. I’m an avid reader of Wallstreetplayboys, so I was happy to see many similarities, despite you guys coming from different fields. What really made me like it, and what I would say to sum up the book, is “it’s all there.” All the great business ideas and a general overview you can use to point you in the right direction and give you a good kick in the butt to start you off. All in one source, instead of spread out throughout multiple blog pages and sites and other books.
I like how it showed how you really build up your principal quickly via one or more “events” involving the sale of your business, and that it’s still possible to just build it up via high monthly income. And once you have it, then one good course is to just use it to pay for your lifestyle while you concentrate on maxing out your one or more businesses for income/sale.
Another thing I liked was showing the importance of the earnings vs price ratio for each industry.
I also liked these lines:
“ideas are just multipliers while execution represents actual money.”
“a so-so idea with brilliant execution could be worth $350 million. You see, it isn't about your ideas and their potential speed, but about your execution!”
“Join entrepreneur clubs, attend networking events, ally yourself with like-minders, get yourself around people who subscribe to a Fastlane, anything is-possible mindset, and decide who you want on your team of warriors. Read books and autobiographies of those who have the kind of success you want. Find a mentor. Join entrepreneur forums with a Fastlane mindset,”
“Passion comes from either excitement or discontent.”
I’d highly recommend it to anyone else, even if they’re avid readers of WSP, and especially if they aren’t or are used to reading about how to optimize their frugality. Then again, who am I? So take this with a grain of salt, as always with random posters on the internet.
I like how it showed how you really build up your principal quickly via one or more “events” involving the sale of your business, and that it’s still possible to just build it up via high monthly income. And once you have it, then one good course is to just use it to pay for your lifestyle while you concentrate on maxing out your one or more businesses for income/sale.
Another thing I liked was showing the importance of the earnings vs price ratio for each industry.
I also liked these lines:
“ideas are just multipliers while execution represents actual money.”
“a so-so idea with brilliant execution could be worth $350 million. You see, it isn't about your ideas and their potential speed, but about your execution!”
“Join entrepreneur clubs, attend networking events, ally yourself with like-minders, get yourself around people who subscribe to a Fastlane, anything is-possible mindset, and decide who you want on your team of warriors. Read books and autobiographies of those who have the kind of success you want. Find a mentor. Join entrepreneur forums with a Fastlane mindset,”
“Passion comes from either excitement or discontent.”
I’d highly recommend it to anyone else, even if they’re avid readers of WSP, and especially if they aren’t or are used to reading about how to optimize their frugality. Then again, who am I? So take this with a grain of salt, as always with random posters on the internet.