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Money System Management: More examples?

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TechnoGamer

New Contributor
Oct 12, 2016
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18
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Canada
Hey all,

I've read the Fastlane Millionaire and Unscripted. It's been the most essential book I'd say (in terms of business mindset) for the business that I've been running for 5+ years now.

The chapter on MJ's Money System struck a cord with me. The way he manages his money is VERY different than 99% of what's out there.

Everyone out there is pitching buy-and-hold-till-you-retire or buying overvalued stocks that the media's talking about.

I really liked MJ's philosophy of simple, stable, diversified investments that yield steady returns that can be used to fund lifestyle choices after a big payday.

Does anyone have any other recommendations on readings on this topic? Any blogs/books/etc on other examples of diversified money systems people have made similar to MJ's philosophy?

Much appreciated!
 

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MJ DeMarco

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Does anyone have any other recommendations on readings on this topic?
Yes, learn how to start a business, and then grow it so it produces outsized CAGR's.

Once you obtain millions, then learn how to leverage that into a lifetime return, either thru a liquidation, or continued CAGRs. There are a ton of books on business building.

Until then, you're putting the cart before the horse.

My philosophy is 95% entrepreneurship 5% Wall Street, so I wouldn't worry about that latter 5% until the problem (excess cash) starts to arise in your life.

In contrast, the rest of the Scripted world is 50% Wall Street, and 50% jobs... neither of which you can control or scale particularly well ... which is why it sucks as a financial plan, at least if you want to get out of the rat race before 55 or 65.
 
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OP
TechnoGamer

TechnoGamer

New Contributor
Oct 12, 2016
12
18
17
Canada
Yes, learn how to start a business, and then grow it so it produces outsized CAGR's.

Once you obtain millions, then learn how to leverage that into a lifetime return, either thru a liquidation, or continued CAGRs. There are a ton of books on business building.

Until then, you're putting the cart before the horse.

My philosophy is 95% entrepreneurship 5% Wall Street, so I wouldn't worry about that latter 5% until the problem (excess cash) starts to arise in your life.

In contrast, the rest of the Scripted world is 50% Wall Street, and 50% jobs... neither of which you can control or scale particularly well ... which is why it sucks as a financial plan, at least if you want to get out of the rat race before 55 or 65.
I agree 100%

I am currently sitting at a low seven-figure USD cash position at the moment through profits of my Fastlane business.

My 95% focus is continuing to grow the business through continuing to work on the product and streamlining/automating processes.
 

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