Books for Entrepreneurs: "The Millionaire Fastlane"

timosoloCommunity member
Autoplay OFF  •  a year ago

Books for Entrepreneurs: "The Millionaire Fastlane"

Popular quotes from the book by MJ DeMarco

If you have to think about “affordability,”

you can’t afford it because affordability carries conditions and consequences.

To accumulate financial wealth,

you need to attract large sums of money. To attract large sums of money, you need two things: 1) Control and 2) Leverage.

This means instead of buying products on TV, sell products.

Instead of digging for gold, sell shovels. Instead of borrowing money, lend it... Break free from consumption, switch sides, and reorient to the world as producer.

Money trees are business systems that survive on their own.

They require periodic support and nurturing but survive on their own, creating a surrogate for your time-for-money trade.

Consumers are selfish.

They demand to know is “what’s in it for me!” To succeed as a producer, surrender your own selfishness and address the selfishness of others.

Stop thinking about business in terms of your selfish desire

whether it’s money, dreams or “do what you love.” Instead, chase needs, problems, pain points, service deficiencies, and emotions.

The owner of an idea is not he who imagines it,

but he who executes it.

Get the full book:

Or read my (slightly longer) review here:

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a year agoReply
Thanks @jeremiah! I'll check that book out!

a year agoReply
Great summary!!! @timosolo I really like "The Start Up of You" by LinkedIn Founder

a year agoReply
What's your favorite startup book?