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GOLD! What Color Ferrari Should I Buy? (I Have Twenty Bucks)

CarrieW

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thought I would look this up.

you were talking about millenials working and again I feel old lol. my daughter was born in 2000 and my son in 2003.(I wanted to see if they were millenials)

I knew I was generation x. my neice is y and my kids are apparently z according to this article.

I had never heard the term before... looks like its going to get worse before it gets better. I am glad I am attempting to change the path for my z's :)

http://www.smh.com.au/lifestyle/diet-and-fitness/talkin-bout-my-label-20110720-1ho7s.html
 

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Kak

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@Kak, I'll pull a quote out just for you. I know you'll like it...



Of course, the millenials here are the exception. The millenials I see working at In-and-Out Burger through the plate glass window are the exception. These youngsters have the huge advantage over the consensus.
You were correct! I love it!
 

ShadowX

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Lol this thread reminds me of my intentions when I first joined fastlane forum. I was planning to write a excellent heartfelt thread asking for 1 million pounds, then I was mentally masturbating over what I was going to invest the million pounds in. I found this forum by looking for a community of millionaires I was thinking stuff like "If someone has 20 million why don't they give 1 million to me?". I never got around to making the thread though haha.

Thankfully I have changed now, since I've read the book and loads of posts on here I have changed my perspective. I came here for the wrong intentions then benefited from the knowledge thanks to MJ and all of the Fastlane community :tiphat:. This experience of mine kind of gives you a lesson, whatever thoughts you get execute them, you may never know what gems you find (Sorry I'm not good at creating my own words of wisdom lol, I hope you get what I mean). Or whatever business ideas you have, execute them and fail so you can learn from your mistakes :)
 

Mattie

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Um...I prefer the Jaguar, but I already picked out the color a year ago. It's either the silver, blue, or black. Maybe I'll just have all three. I just did that during free time. lmao Kind of like recess inbetween working and studying.

Yes most people live out there in the past dwelling in the back story. Other people are dwelling in dream land. The only place to be is now! Create or co-create. I used to hate my mentor in 2010. She wouldn't let me say anything unless it was about creating something or co-creating something like art, writing, project, in the now. If it was anything about anyone else, or back story, it was like um...Where you at? Where should you be? Today after four years of this, I can tell you I understand everything she was trying to teach me. I listened and applied. Even if I didn't understand her method. Focus Focus Focus

I wasn't allowed to rant, complain, think about anything, or say anything but what was right in front of me. That's hard at first, but something important. :) Fortunately M.J. is being to easy. lol
 

Thoelk

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Educational institutions are now manufacturing an entire generation of brain-dead millennials who have never failed in their entire life, and have a wall of participation trophies to show for it. They’re groomed to believe that hard work is optional. Competing, optional. Going above the call, optional. Born rockstars, these kids think they can just show up and win all that life has to offer.
This is an instant winner... As someone who graduated from the University last year, I felt invincible as well... Until I read TMF.
This passage reminds me of the HBO-show 'The Wire'.. Where you see the new kids on the block trying hard to look tough and hang out with the big boys.

Graduates (me included) are like these new wanna-be gangster... 0-street credibility but they go out and act tough, until they see that their expensive toys & attitude are worthless against the real deal/if they have some difficulties.

You can only learn it the hard way! I'm glad I'm into entrepeneurship and not into "gangstership", failure doesn't mean death... :pompus:
 
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Took this from ryan holiday's site. Here he is talking about Arnold Schwarzenegger. All the obstacles he had to go through. I wonder; did he stop and say "I wonder what color my ferrari should be, when I am filthy rich?"

  • 1961: Arnold doesn’t like soccer, the sport most children played in his native Austria, so he tries weightlifting instead. He became so dedicated to bodybuilding he began breaking into his local gym on the weekends when it was closed so he could train: “It would make me sick to miss a workout… I knew I couldn’t look at myself in the mirror the next morning if I didn’t do it.”

  • 1965: Arnold served in the Austrian army to fulfill his one year service requirement. He ends up going AWOL during basic training so he can compete in the Junior Mr. Europe contest and ends up serving a week in military prison because of it. He won the contest.

  • 1968: Arnold arrives in America with little money and can barely speak English. Because bodybuilding doesn’t pay, he begins a bricklaying business with a fellow bodybuilder, mixing cement and knocking down walls with a sledgehammer.

  • 1970: Arnold won his first Mr. Olympia title at 23, making him the youngest Mr. Olympia ever, a record he still holds today. He would go on to win it six more times.

  • 1971: Arnold’s brother Meinhard died in a car accident in which he was killed instantly. Arnold would later pay for Meinhard’s son Patrick’s education and his emigration to the United States.

  • 1972: Arnold’s father, Gustav Schwarzenegger, dies from a stroke. Arnold was unable to attend his funeral because he training for a bodybuilding content.

  • 1980: Arnold was a color commentator at the 1980 Mr. Olympia competition when he announced at the last minute he would compete in the contest. Schwarzenegger had been retired from competition but had been secretly training for the event. He won it with only seven weeks of preparation and after being declared Mr. Olympia for the seventh time he officially retired from competition.

  • 1984: Arnold appears in James Cameron’s The Terminator. Of his early acting career, Arnold said, “It was very difficult for me in the beginning – I was told by agents and casting people that my body was ‘too weird’, that I had a funny accent, and that my name was too long. You name it, and they told me I had to change it. Basically, everywhere I turned, I was told that I had no chance.” Basically, Arnold turned all those ‘negatives’ into a totally unique and iconic package.

  • 1991: Arnold reappeared as the title character in Terminator 2: Judgment Day, which was the highest-grossing film of 1991.

  • 1993: Arnold stars in Last Action Hero, which did poorly at the box office, opening opposite Jurassic Park. It is one of many failed movies in his career–as he admits.

  • 1994: Arnold’s movie career bounces back when he reunited with James Cameron for the popular sky film True Lies.

  • 2001: Arnold broke six ribs and was hospitalized for four days after a motorcycle crash in Los Angeles.

  • 2003: Without any previous political experience, Arnold wins the California recall election for governor by 1.3 million votes. (I actually attended his kick off rally in Sacramento. Twisted Sister performed)

  • 2006: Arnold wins re-election for Governor of California by well over one million votes.

  • 2009: He gives an epic and philosophic commencement address to USC students.
  • 2013: Arnold restarts his acting career with his first leading role in 10 years with The Last Stand, and his first co-starring role with Sylvester Stallone in Escape Plan. Also cooly embraces reddit and social media to great results.
“So let me tell you, as you prepare to go off into the world, remember six rules: Trust yourself, Break some rules, Don’t be afraid to fail, Ignore the naysayers, Work like hell, and Give something back.” – Arnold Schwarzenegger
 

LightHouse

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I think we should have awards for these types of things. I know its vain, but if people ask we will blame it on @TheTruth . I think the best one that I can remember was...

"Make me a millionaire and I will give most of it away to charity..."
 

bboyu

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Eh, I don’t know how so I’m just going to keep my job.
This is the problem I have. After i get past my own setbacks i stop here because i dont know "how to" or "what to"

In chapter 37 MJ you talk about giving your road a destination- define your lifestlyle etc - after i have defined what you want to earn each month and the type of lifestyle you want to sustain - i dont know what approach to take.

How do you know what business or method to pursue that will have the potential to earn you that much so you can then get passionate about the idea to then attempt it?

You mentioned 3 fastlane interstates and 7 internet business models - if you have defined what you want how do you connect these to what you defined for yourself? Are you not just picking methods to earn money again? Your premise is that monthly figure which you outlined...the How is my biggest problem and the biggest setback.
 

ddzc

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HAHA, this reminded me of a situation I was in not too long ago.

A close friend of mine had an awesome idea for a website. He was dying for my help, no job, needed money, living in his parents house at the age of 32. I decided to help, even though I was super busy with my own projects. The idea was good, I suggested a few things which follows fastlane guidelines and made it a monthly membership style site which provided value. All I asked from him in return was to contact a couple hundred listings and do some marketing. He didn't have any cash, I forked over $500 of my own just to help this guy out AND I spent a week building about 80% of the website on my own. I required programmers and developers to finish the rest in order to finish and automate things, resulting in another $800 approx.

As I was building the site, all he talked about was numbers. "holy shit, if we sell 100 of the $100/mth packages we'll be making 10k/mth", fuk ya we're gonna go to Cuba, we're gonna buy this and that. I'm like dude, worry about making 1 sale before 100, fkn relax. Every day, all I heard about was his bs stories about what he's going to do with the money. The next day it would be...man we can easily make 25k/mth with 250 subscriptions. The site is not even done yet and I'm hearing this bs every day annoying the fuk out of me.

When it came time for him to do ANY work, he didn't have time. When it came time to pitch in cash, this guy didn't have a dime. I didn't want to fork over 800 just bc of his attitude, exact resemblance of this thread. The weekend comes, I see this guy blowing $1000 on gambling, hundreds in clubs, presents for ex gfs, clothes, etc etc. I scraped everything and told this pos where to go.

Moral of the story is...I'm stealing this from @Kak and adding a bit to it, don't be a bottom feeding mooching dickhead.
 

Nicoknowsbest

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For those of you who are not engaged in some type of process (yet), there is only one step to understand, conquer, and solve… and that’s STEP ONE to STEP TWO. That step when you choose the color of your Ferrari? That’s step 1,500 and sorry friend, you have 1,499 more steps to solve. Focus on solving them when they become a part of your TODAY.
This confusion about events over process is what most probably prevents many people from actually moving forward. If you are at step 01, trying to jump to step 10 without thinking about the steps in between, it simply won't work. Sticking to a linear process, determined and focused on accomplishing this ONE NEXT step will also solve the biggest problem most people just starting out on their entrepreneurial journeys face: being overwhelmed. They think about how they will learn about taxes, social insurance, engineering etc... They buy a ton of books, research the web, read a bunch of articles about 5 different topics, not only one. If you are figuring out what your business will be, focus on the idea and don't read about accounting issues. If you don't have a prototype that works and that people actually want to use since it is solving a problem they are facing, DON'T waste time building a fancy website to display your product (which product exactly?). People use to ask about the precise steps they have to take - even if you provided them with a list of 1500 steps, I am almost sure that many would try to skip the boring parts, where hard work, persistence and determination is required.

The entrepreneurial journey is not a fancy endeavor, but you have to be willing to get your hands dirty. This is why the following quote is still valid, and will always be: “Entrepreneurship is living a few years of your life like most people won’t so you can spend the rest of your life like most people can't.” - Warren G. Tracy’s student. This is what separates the real entrepreneurs from the rest.

Use your brain. Embrace the hard work. Focus on one step at a time. Get it done.

And you will see how fast you will progress.
 

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randomnumber314

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I initially avoided this thread thinking it was going to be a facepalm, nice surprise.

I just ended a PM conversation with a forum member who basically asked me "want business, wat do?" I literally walked him through a handful of examples and business models that are very easy to start. I even gave him examples of how I started my company, and how I've seen other companies get up and running. His responses were all "you can't do that." :banghead:
 

Iwokeup

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I initially avoided this thread thinking it was going to be a facepalm, nice surprise.

I just ended a PM conversation with a forum member who basically asked me "want business, wat do?" I literally walked him through a handful of examples and business models that are very easy to start. I even gave him examples of how I started my company, and how I've seen other companies get up and running. His responses were all "you can't do that." :banghead:
I think that this post, and MJ's original can be summed thusly:

"You can lead the horse to water but you sure as HELL cannot make him drink (think/do)."

Usually in the Marines I was the Sergeant in the back kicking the weak/reluctant up the hill with a boot in their butts. It worked...
 

LightHouse

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I used to be like what you described. Thinking, dreaming, etc. At some point, something changed early last year and I forgot about the color of the Ferrari. All I could focus on was business. I noticed that a couple of "wantrepreneur" friends I had could only talk about the "high life" and Ferraris, Lamborghinis, etc. That's when I noticed that "Hey, I used to do that, too!"
This same thing happened to me after i sold my first biz. I was so enthralled in starting another biz. I realized I no longer had supercars as wall papers, didn't care to look at expensive houses, stopped following the luxury trends. I realized that stuff is all a dried up carrot. The real fun, was building and then selling the next biz.
 

Kak

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@ddzc

I don't think "mooching" is a word commonly used in my vocabulary. The rest of that quote sounds about right. Where did I pioneer that? Lol was it one of the "someone screwed me over" threads?
 

Tommy92l

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I think sometimes people need to get some real motivation and get out. I went to a car show and saw a dude who looked like he was 30 driving a million dollar Mclaren P1. When you see that, you get that stomach sinking feeling as if to say - I really need to get my a$$ moving.

It's sad to say, but seeing other people you envy whipping these cars infront of all of the spectators really fuels you to want to work for one of these. When you can see it in front of you and not just through a computer screen. It pieces it all together.

I used to go to car dealerships just to look at the exotics. While it made me realize just HOW FAR away I am (and I still am) it made me want to work my a$$ off to get this.
 

ddzc

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@ddzc

I don't think "mooching" is a word commonly used in my vocabulary. The rest of that quote sounds about right. Where did I pioneer that? Lol was it one of the "someone screwed me over" threads?
I added that to it lol. This is the same guy who recently "wanted in" on my business ventures after telling him what I was up to. Typical sidewalker mentality.

It was that millionare fastlane changed my life gold thread, the copyright infringement stuff :)
 
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ddzc

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But how do I start? I don't want you to tell me the exact steps, but can you tell me the exact steps please?

Thanks!
Funny thing is, there are step by step guides on this very forum. Want to start a supplement biz, zen******* has it all writted up. Want to get in to importing? biophase, vigilante, jajt posted tons about this, step by step. Do you want to get in to real estate/apartment investing, we have steveo with a lengthy thread about it. Want to create a product and get licensing, read The Licensing Game by vigilante, it's all there. Self publishing, tons of threads on here about that. Low on cash? you have a thread about this. The problem is, these fkn ppl want everything given to them on a silver plater, no effort, not a second invested, not a penny invested, they want it all, the idea, the product, the source..the hard shit which these lazy asses are too lazy to do. For those ppl, entrepreneurship is simply not for them..get a job and play the lottery and keep praying your numbers come out.
 

Magik

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“So let me tell you, as you prepare to go off into the world, remember six rules: Trust yourself, Break some rules, Don’t be afraid to fail, Ignore the naysayers, Work like hell, and Give something back.” – Arnold Schwarzenegger
One of the greatest rags-to-riches success stories in the history of western civilization. What he had to overcome to be successful is unbelievable. Those of you who haven't read his bio Total Recall, you should, at least the first half of it. Arnold set specific goals and hit them:

-He wanted to buy an apartment complex (the 1970's, he owns tons of real estate now), so he figured out a way and did it. He then flipped complexes a few times and became a millionaire (long before The Terminator).
-He wanted to be a body building champion, so he figured out a way and did it... 7 or 8 times
-He wanted to be an actor, so he figured out a way and did it... and went on to make 20 million a picture.
-He wanted to be governor of CA, so he figured out a way and did it... and got re-elected in a landslide

Arnold's process: set one large goal, put all of my effort and energy toward hitting that one goal, once I hit that large goal, set another large goal and repeat. The amazing thing is all of his results were far greater than he imagined them to be.

As Nick Saban says, "When you focus on the process, winning will happen as a result."

And, I might add, he married JFK's niece... and he's Republican. :notworthy:
 

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Magik

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The problem is, these fkn ppl want everything given to them on a silver plater
Part of the reason for this is The Fear of Failure. I know we talk a lot about entitlement around here, but people are deathly afraid of failing, which is a huge reason for this mentality. People are so afraid they are going to wind up homeless, or bankrupt, or lose their house, or their spouse/partner, that they don't want to fail at all, so they keep looking for magic (not me, I'm Magik, not magic :)). I now view failing as a positive thing, not a negative one, but before I came to this forum, failing was really scary, even though I have failed a ton already. The fear of failure keeps people from going ALL IN. They play it safe and in turn, get safe, mediocre results. Reading the posts from @zen******* has taught me that pushing hard, going all in, not being a pansy, and saying "damn the torpedoes, full speed ahead" is what makes someone successful. When it comes down to two options: be wildly successful or go down in flames, you are forced to change (sometimes gradually) into a better person. But you have to risk failing first, or you won't get there.

So, I think it's a mixture of entitlement and fear of failure. I'd say entitlement is more common with sidewalkers and fear of failure is more common with slowlaners. But both are a problem.
 

ddzc

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Part of the reason for this is The Fear of Failure. I know we talk a lot about entitlement around here, but people are deathly afraid of failing, which is a huge reason for this mentality. People are so afraid they are going to wind up homeless, or bankrupt, or lose their house, or their spouse/partner, that they don't want to fail at all, so they keep looking for magic (not me, I'm Magik, not magic :)). I now view failing as a positive thing, not a negative one, but before I came to this forum, failing was really scary, even though I have failed a ton already. The fear of failure keeps people from going ALL IN. They play it safe and in turn, get safe, mediocre results. Reading the posts from @zen******* has taught me that pushing hard, going all in, not being a pansy, and saying "damn the torpedoes, full speed ahead" is what makes someone successful. When it comes down to two options: be wildly successful or go down in flames, you are forced to change (sometimes gradually) into a better person. But you have to risk failing first, or you won't get there.

So, I think it's a mixture of entitlement and fear of failure. I'd say entitlement is more common with sidewalkers and fear of failure is more common with slowlaners. But both are a problem.
Zen is dead on. Hey, we have a thread on mentality and psychology as well from icecreamkid :)

If your afraid of the risks and failure, once again this isn't for you. I've been in the corporate world for many many years, people who have been there for 40+ years. They're happy with a comfy 9-5 job making 50k/yr waiting for retirement at 65, kudos to them. I wont accept that lifestyle.

I bet you 9/10 people here have failed before striking something successful. I've lost thousands in multiple business ventures in the past few years. If I hit a homer on the first pitch, fantastic. Even though, I failed multiple times and lost a ton of cash..doesn't change my end goal. I learnt a lot from those experiences and I'm still learning a ton from the people off this forum which is helping me getting closer and closer to my goals.

I can relate this to pick up. People are afraid of rejection. Why am I alone? I never get laid, etc etc blah. How many girls have you approached today, this week, this month..0? Step out of your comfort zone. Pick up is a numbers game, approach 10-15 people today. Educate yourself, improve yourself. With in weeks, you'll start seeing results, I promise you.

"Let me tell you something you already know. The world ain't all sunshine and rainbows. It is a very mean and nasty place and it will beat you to your knees and keep you there permanently if you let it. You, me, or nobody is gonna hit as hard as life. But it ain't how hard you're hit; it's about how hard you can get hit, and keep moving forward. How much you can take, and keep moving forward. That's how winning is done. Now, if you know what you're worth, then go out and get what you're worth. But you gotta be willing to take the hit, and not pointing fingers saying you ain't where you are because of him, or her, or anybody. Cowards do that and that ain't you. You're better than that!" - Rocky Balboa
 
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GuestUser113

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-He wanted to buy an apartment complex (the 1970's, he owns tons of real estate now), so he figured out a way and did it. He then flipped complexes a few times and became a millionaire (long before The Terminator).

As Nick Saban says, "When you focus on the process, winning will happen as a result."
Most people do not know that he was a millionaire before he got into acting. From all the real estate deals.

 

TBreezy

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I understand this. But i still can't get enough of being reminded of its importance, and i know its because i spent so much time bouncing around to different steps when working on X - resulting in a list of half-assed or uncompleted steps and leading to the inevitable point of discouragement. Ugh , what a vicious cycle.

If there's anyone reading this, who hasn't plugged this leak in their boat yet , this might be the next step that allows you to move forward. I know it was a HUGE one for me.

Great read as always MJ
 

DaRK9

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Mmm, In-N-Out.

Why did I move to the East?...
 

RHL

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I think we should have awards for these types of things. I know its vain, but if people ask we will blame it on @TheTruth . I think the best one that I can remember was...

"Make me a millionaire and I will give most of it away to charity..."
"I will buy a Veyron and post the pictures" was another legendary example. A tire change on a Veyron costs $20K because it uses one-off compounds that have to be sourced from France. I wonder if the OP in that thread got hit with that bill out of the blue today, could he cover it? To use MJ's example, that's like step 50,000 rather than step 1.
 

Guest

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@MJ DeMarco, for twenty dollars you can have many Ferrari's in the color of the rainbow.

3207794425_de1bcc5487.jpg



"I will buy a Veyron and post the pictures" was another legendary example.
I have seen that thread. I will admit though, he'd make a good fictional writer. Maybe he should start a business doing just that.
 

Trivium iz rC

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I have twenty bucks … what color Ferrari do I buy when I succeed?
^ I always laugh when I see posts like this.

My recent favorite was "Buying A Bugatti & I'll Post Pics To Prove it" No one cares if you buy a Bugatti or a house with 30 full baths besides all the slowlaners, what are you trying to prove? That your 1.2m went to "Show Boat" to people. "Look I finally made it" and then complains about people trying to mooch off him/her. Your just asking for trouble by "flaunting" your wealth. The power isn't in buying the luxury item, but knowing you can afford it.

In regards to people coming here for mental masturbation I don't understand it. You can always talk about the the next big idea or if we get 10,0000 subscribers on our membership website we'll be making 250k a month. Or asking for advice and gets great advice, then ignores all of it. Theres a wealth of information on this forum, there's no point of being here if you don't want to keep adding tools to your tool box.

While you may not have the same business forever, the same tools that you used to create business/industry #1 will come in handy in business/industry #12.
 

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