• The Entrepreneur Forum | Startups | Entrepreneurship | Starting a Business | Motivation | Success
  1. Join 40,000+ entrepreneurs
    who are kicking butt and
    winning their dream life.

    Unscripted™ Entrepreneurship:
    A Business That Pays More Than Money, It Pays Time.

    "Fastlane" is an entrepreneur discussion forum based on The Unscripted Entrepreneurial Framework (TUNEF) outlined in the two best-selling books by MJ DeMarco (The Millionaire Fastlane and UNSCRIPTED™). From multimillionaires to digital nomads, the forum features real entrepreneurs creating real businesses.

    Download (Unscripted) Download (Millionaire Fastlane)  Register
    Registering for the forum removes this block!

What does MJ mean when he says "except in the reverse" (regarding paying off debts)?

Discussion in 'Book Reviews, Discussion, Analysis' started by yogiahimsa, Feb 13, 2019 at 2:05 AM.

  1. yogiahimsa
    Offline

    yogiahimsa New Contributor

    Messages:
    2
    Likes Received:
    2
    Joined:
    Wednesday
    Gender:
    Male
    Rep Bank:
    $11
    Hello,
    I am curious about the exact meaning of the passage on P.316 of the Millionaire Fastlane:
    "Escaping credit card debt requires a commitment to process over event, except in the reverse."

    The context: "Or perhaps you live in a house that’s just too expensive and you have paid for everyday staples like groceries using your credit card. Escaping credit card debt requires a commitment to process over event, except in the reverse. Repent from the Sidewalk and make new choices that are designed to keep your debt from growing, or better, to get it declining."

    I am leading students (non-native speaker of English) to read the book for a school bookclub, so I need to understand the content as best as I can, so I really need help with this "except in the reverse." Thank you.
     
    LaraJF likes this.
  2. luniac
    Offline

    luniac Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    1,423
    Likes Received:
    2,010
    Joined:
    Dec 7, 2012
    Gender:
    Male
    Location:
    brooklyn
    Rep Bank:
    $11,555
    I believe he means.
    The fastlane is the process to achieve financial freedom -> more money
    escaping credit card debt is the process of eliminating your dept -> less debt
    less is reverse of more
     
    yogiahimsa likes this.
  3. yogiahimsa
    Offline

    yogiahimsa New Contributor

    Messages:
    2
    Likes Received:
    2
    Joined:
    Wednesday
    Gender:
    Male
    Rep Bank:
    $11
    Many thanks, luniac:) Your interpretation makes perfect sense! Thanks for the help!
     
    LaraJF likes this.
  4. biophase
    Offline

    biophase Legendary Contributor I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    6,126
    Likes Received:
    26,453
    Joined:
    Jul 25, 2007
    Location:
    Scottsdale, AZ
    Rep Bank:
    $177,942
    Hmm, I don't read it that way. But I don't know what to think of it.

    Tagging @MJ DeMarco so we can hear from the source.
     
    yogiahimsa likes this.
  5. MJ DeMarco
    Offline

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    27,382
    Likes Received:
    88,053
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $373,673
    Admin Post
    It means it was a PROCESS to get in debt... buying stuff here, buying stuff there...

    It means you need to reverse THE PROCESS to get OUT of debt... not buying stuff here and there, and instead paying the debt off, here and there.

    Process got you in debt. (Buying too much)
    Process will get you out of debt. (Buying too little)
     
    yogiahimsa, luniac, lucasb and 3 others like this.
  6. MJ DeMarco
    Offline

    MJ DeMarco Raving Lunatic Staff Member Read Millionaire Fastlane I've Read UNSCRIPTED FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR Summit Attendee

    Messages:
    27,382
    Likes Received:
    88,053
    Joined:
    Jul 23, 2007
    Gender:
    Male
    Location:
    Phoenix, AZ
    Rep Bank:
    $373,673
    Admin Post
    Not really how I meant it, but I appreciate the interpretation!
     
    luniac likes this.
  7. luniac
    Offline

    luniac Gold Contributor Read Millionaire Fastlane I've Read UNSCRIPTED Speedway Pass

    Messages:
    1,423
    Likes Received:
    2,010
    Joined:
    Dec 7, 2012
    Gender:
    Male
    Location:
    brooklyn
    Rep Bank:
    $11,555
    lol but isn't what i said pretty much what you said!?
    a reversed process is what i meant lol
    i guess i was little off.
     

Join 1000s of entrepreneurs who are rewriting life's script and winning financial freedom.

---- ----

You must be a member to join the conversation.

Create Account

Join the community fast and easy!

REGISTER

Log In

Already have an account? Login here.

LOG IN

Share This Page