The Millionaire Fastlane is almost the perfect name for the story of why I’m not already rich! Always looking for the quick win that will leapfrog me from my current position to a spot several steps down the road without doing the work in between. I would say this book is a great example of that mentality.
To give you some insight to the types of discussions and insights (if you can call them that) DeMarco offers, here are the chapter titles from the book:
- The Great Deception
- How I Screwed “Get Rich Slow”
- The Road Trip to Wealth
- The Roadmaps to Wealth
- The Road Most Traveled: The Sidewalk
- Has Your Wealth Been Toxified?
- Misuse Money and Money will Misuse You
- Lucky Bastards Play the Game
- Wealth Demands Accountability
- The Lie You’ve Been Sold: The Slowlane
- The Criminal Trade: Your Job
- The Slowlane: Why You Aren’t Rich
- The Futile Fight: Education
- The Hypocrisy of the Gurus
- Slowlane Victory…A Gamble of Hope
- Wealth’s Shortcut: The Fastlane
- Switch Teams and Playbooks
- How the Rich Really Get Rich
- Divorce Wealth from Time
- Recruit Your Army of Freedom Fighters
- The Real Law of Wealth
- Own Yourself First
- Life’s Steering Wheel
- Wipe Your Windshield Clean
- Deodorize Flatulent Headwinds
- Your Primordial Fuel: Time
- Change That Dirty, Stale Oil
- Hit the Redline
- The Right Road Routes to Wealth
- The Commandment of Need
- The Commandment of Entry
- The Commandment of Control
- The Commandment of Scale
- The Commandment of Time
- Rapid Wealth: The Interstates
- Find Your Open Road
- Give Your Road a Destination
- The Speed of Success
- Burn the Business Plan, Ignite Execution
- Pedestrians Will Make You Rich!
- Throw Hijackers to the Curb!
- Be Someone’s Savior
- Build Brands, Not Businesses
- Choose Monogamy Over Polygamy
- Put It Together: Supercharge Your Wealth Plan!
If you can believe it, the book is only about 315 pages and somehow has 45 chapters!! What makes it even worse is the fact that you could fit the teachings of the entire book into one paragraph. After about 20 pages I had to force myself to continue reading even though the author comes across as very pompous and seemingly has very little to actually offer the reader on how to create wealth. Yes, he has earned millions in his life by building a business and selling it, but does that mean that it’s the only way people should become wealthy? In DeMarco’s eyes that seems to be the case. If you haven’t figured it out by his witty chapter names, he calls the work for years and save a large portion of your earnings to build wealth plan the “slowlane”. While his recommendation is build your own business and earn lots of money quicker, thereby entering the “fastlane”. That’s really it, that’s the plan. He does offer some insights such as create products that solve problems or improve upon things being offered currently. Makes sense. But I couldn’t disagree more with his premise that jobs are for losers who want to work 30-40 years to build their wealth (I may be paraphrasing there). The FI movement has clearly found a way to take a job, grow your income, save significant portions of said income and retire early if you so wish. It doesn’t have to require a lifetime to get there just because you didn’t start your own tech company. Lastly, if I had to read one more reference to his Lamborghini, I was going to get physically ill!
Needless to say, this book wasn’t my cup of tea. To me it was a small idea stretched over way too many pages to fulfill the goal of writing a book and hopefully making money off of people looking for a financial gold mine.
I give this book 1 of 5 stars and only because that’s the lowest number on the scale.
For anyone who doesn’t want to take my word for it and feels the need to waste $20, you can purchase the book here.