The Millionaire Fastlane
A Review by Eric Hammer
The Millionaire Fastlane, by M.J. Demarco -
Viperion Publishing Corporation 2010
So just what does it take to truly get rich? The Millionaire
Fastlane, by M. J. Demarco suggests that it's not what you think.
It's not a matter of going off and earning a pile of cash by
taking a corporate job. That's a way to get comfortable, but
not to get rich. Instead, Mr. Demarco suggests that those who
want to get rich need to follow a vastly different road than
those that we might initially assume we should follow.
The Lamborghini Moment
Demarco says that his epiphany came when he saw a guy driving
his dream car, a Lamborghini (as seen in the movie The Cannonball
Run). He happened to get up the guts to ask the owner what he
did for a living, assuming the young, 20 something must be someone
born with a silver spoon in his mouth or who had hit the lottery
jackpot. Instead, the owner told Demarco that he was "an
inventor."
The idea that someone other than a movie star, sports figure
or singer could make it rich and do so well at such a young age,
living a life most of us only dream of, fascinated the young
Demarco. He decided that he would pursue the concept of becoming
a millionaire by studying what others did and how they lived
- always sound advice for those who want to know how to become
rich.
Not a Smooth Ride
However, like most people, his journey from rags to riches
wasn't an entirely smooth one. He made his mistakes and lived
broke for quite some time.
Demarco was also an early dot com entrepreneur, creating a
website to help people to find a limo in the city where they
were headed to and making money by selling leads to people who
ran limo companies. The company prospered and he sold it for
$1.2 million. Many would assume that this was his millionaire
fastlane, but it wasn't. $1.2 million isn't really that much
money in the grand scheme of things.
A year later, in the wake of the dot com bust, he bought the
company back for $250,000, financed by a loan on the value of
the company. He goes on to explain how his company continued
to grow and he continued to create other websites to make more
money. Eventually, he says, he found that his work was on autopilot
and he was taking in money hand over fist. And that was when
he discovered his millionaire fastlane - he worked smarter, not
harder.
How He Did It
While the reviews on Amazon.com would seem to deify Mr. Demarco,
claiming that he has some kind of guru genius to share, it's
really not so much a guru's remarkable knowledge as a smart way
of looking at things. Mr. Demarco suggests that the way to achieve
your dreams and make the millions that allow you to live like
the wealthiest 1% of all Americans is all about the road and
the process rather than the event.
That distinction is probably the most important thing that
most of us miss when we read a book about making money. We see
the goal, we see the guy who sold his startup company for billions
of dollars and cashed out but we don't see the sweat and agony
that went into the process. It's that process that Mr. Demarco
says is the Millionaire Fastlane - the way to make it big by
working smart, not hard.
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