Book Review: The Millionaire Fastlane by MJ DeMarco

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:

  1. The Great Deception
  2. How I Screwed “Get Rich Slow”
  3. The Road Trip to Wealth
  4. The Roadmaps to Wealth
  5. The Road Most Traveled: The Sidewalk
  6. Has Your Wealth Been Toxified?
  7. Misuse Money and Money will Misuse You
  8. Lucky Bastards Play the Game
  9. Wealth Demands Accountability
  10. The Lie You’ve Been Sold: The Slowlane
  11. The Criminal Trade: Your Job
  12. The Slowlane: Why You Aren’t Rich
  13. The Futile Fight: Education
  14. The Hypocrisy of the Gurus
  15. Slowlane Victory…A Gamble of Hope
  16. Wealth’s Shortcut: The Fastlane
  17. Switch Teams and Playbooks
  18. How the Rich Really Get Rich
  19. Divorce Wealth from Time
  20. Recruit Your Army of Freedom Fighters
  21. The Real Law of Wealth
  22. Own Yourself First
  23. Life’s Steering Wheel
  24. Wipe Your Windshield Clean
  25. Deodorize Flatulent Headwinds
  26. Your Primordial Fuel: Time
  27. Change That Dirty, Stale Oil
  28. Hit the Redline
  29. The Right Road Routes to Wealth
  30. The Commandment of Need
  31. The Commandment of Entry
  32. The Commandment of Control
  33. The Commandment of Scale
  34. The Commandment of Time
  35. Rapid Wealth: The Interstates
  36. Find Your Open Road
  37. Give Your Road a Destination
  38. The Speed of Success
  39. Burn the Business Plan, Ignite Execution
  40. Pedestrians Will Make You Rich!
  41. Throw Hijackers to the Curb!
  42. Be Someone’s Savior
  43. Build Brands, Not Businesses
  44. Choose Monogamy Over Polygamy
  45. 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.

 

Author: Gen Xer