The following is a presentation I gave at the Milwaukee SItecore Developer meetup. The presentation was sort of a back to basics...
by MJ DemarcoDerek Dysart
by MJ Demarco
I’ll admit, I started this book in Dec of 2015, but finished it in 2016, so I am counting it. Despite a super douchy sounding title, I really liked this book. It is mainly about trying to change your mindset toward money and wealth.
Demarco employes an automobile metaphor throughout the book and outlines people in one of three paths to wealth:
- The Sidewalk – These are people who live paycheck to paycheck, figuring they’ll save some money later. They spend money on things because “they work hard, they deserve it.” He also points out this doesn’t necessarily mean low income people, you can be on the sidewalk at any level.
- The Slow Lane – This is what conventual personal finance teaches us. Earn a good salary, live below your means, save for retirement and you’ll become wealthy. The challenge he points out is this is slow. You spend your whole life building up a lot of wealth, then are old once you finally go to enjoy it. The main dependent variable in this wealth equation is time, which we have no control over how much we get (we all get the same amount).
- The Fast Lane – This is a mindset. With this you are looking to grow a product or service and sell it to a lot of people. “If you can effect millions, you’ll make millions” You remove time from the wealth equation.
Interestingly, his take is not “find some get rich quick business and cash in” but instead really dives into how to build a business that scales. He covers where to focus your efforts in building that business. Importantly, he also says it is far from easy.
I’d recommend the book to get some exposure to an entrepreneurial mindset.
Buy it on Amazon