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Book Review

6 Entrepreneurial Lessons From Millionaire Fastlane By Demarco

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M.J Demarco’s, Millionaire Fastlane provides you with the best methods for becoming wealthy within a short period. Demarco believes taking a job for the rest of your life is the slowest roadmap to making millions because he trusts that millions are quickly built through inventions and owning businesses.

He believes you can be a millionaire while still young and he shows you how to do so. His teachings are reliable since he uses mathematical formulas to support them. You have to read the book if you are an aspiring millionaire.

Here are my six primary takeaways from the book

  1. The Traditional Way of Getting Rich is a Slow Method

Since we were young we were advised to get rich the traditional way. Teachers and parents told us to get good grades, then get a job and minimize our expenses. M.J Demarco agrees that you can get rich using this method, but the sad thing is that you’ll be rich at age 70. As he points it out in the book, ‘Yes Sir, get a job, work 50 years, live frugally, invest in the stock market, your day of freedom will arrive at age 70.’

  1. Be Ready to Take Shitty Jobs If You Want To Concentrate on Building Businesses

When M.J Demarco decided to be an entrepreneur, he had to work in low-paying jobs for him to earn a living because most of his businesses failed. Besides Demarco, many people who become rich through entrepreneurship often have a rough start because, in the early stages of the journey, most of their businesses fail, and for this reason, they always have to take high school drop-out jobs for them to pay their bills. The good thing about these jobs is that they give you enough time to work on your business/project.

  1. Wealth is A Process Not An Event

When we see sportsmen or web developers making million dollar deals, we often focus on the event and forget the process. We think they are lucky because we don’t take time to research what they did to reach their current position. We don’t realize that these folks couldn’t have gotten the million-dollar deals if it is was not for the years of hard work, sleepless nights, failure, anxiety, and stress.

  1. The Three Road Maps to Wealth

The Sidewalk Roadmap – Sidewalkers often spend whatever they have on the trendiest gadget, and improving their social image. For this reason, they never attain true wealth.

The Slowlane Roadmap – Slowlawners are employees who work for 50 hours a week, and expect to gain financial freedom at retirement.

The Fastlane Roadmap – Fastlaners are businessmen and innovators. They often have a slow start but end up being wealthy within a few years.

  1. Wealth Demands Accountability

Never allow other people to invest money on your behalf if you want to be wealthy because people will con you, and you won’t receive the financial returns you expected. You must always take responsibility and invest the money yourself.

With this in mind, never let your close friend or relative manage your business because they won’t do it the way you could have done it. Businesses that succeed are often managed by their owners/founders.

  1. Impact Millions And Make Millions

Most millionaires are folks who impact millions of people. These people create things that many people need. For example, musicians make millions because millions of people need their songs. Also, some authors become millionaires because many people need their books. Therefore, if you want to be a millionaire, you must create something that’s needed by lots of people.

THE END

Were Demarco’s lessons helpful?

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Book Review

7 Great Lessons From Byways to Blessedness By James Allen

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Although Byways to Blessedness was written in 1904, the book is still useful today. In the book, James Allen provides advice that enables readers to live a wonderful life. He encourages readers to find happiness by avoiding negative states of mind as they lead to suffering. Also, he enlightens readers on the importance of difficulties and solitude.

Anyway, there are many lessons James Allen provides in the book, but here are the lessons I loved the most.

  1. How You Begin Your Day Matters

How you begin your day matters because it determines how your day will be. Your day will be filled with joy if you begin it wisely and joyfully, and you might have a bad day if you start it with a poor attitude.

  1. How to be Great

If you want to be great, you must sacrifice pride because it prevents you from doing the things that will make you great. Besides this, you must be willing to dedicate all your mind and energy on one thing, and you must avoid focusing on the outcome.

  1. The True Nature of Difficulty

According to James Allen, difficulty exists in the mind, and that’s why a difficult experience for a child might be easy for an adult.

He also teaches that difficulty fosters growth and development because it forces us to exercise our intelligence and awaken our hidden powers.

  1. The Negative Effects of Resentfulness

Resentfulness causes suffering because it prevents you from attaining true enlightenment. Moreover, it hardens your heart and prevents you from receiving the blessings meant for you.

Furthermore, it makes you suffer because it causes a troubled mind and makes you remember the bad things some people did to you.

  1. See No Evil And You’ll Free Yourself From Suffering and Sorrow

According to James Allen, you free yourself from suffering and sorrow when you stop judging people from your viewpoint of what’s right and wrong; when you realize that people have their personal viewpoints which make them do certain things, and that everybody thinks that whatever he or she is doing is necessary for them.

  1. The Secret to Joy

James Allen believes it’s possible to find abiding joy while here on earth because you are responsible for creating joy in your life. He believes you can find joy by being selfless because selfishness results in suffering. He also teaches that you can find joy by avoiding the attachment to things and loving everyone.

  1. The Importance of Solitude

Solitude is necessary for your spiritual life as sleep is necessary for your body. Solitude is so important that lacking it can result in a spiritual break down. It enables you to find the strength, wisdom, and knowledge needed to overcome life’s hardships. Moreover, it enables you to realize your true self and the hidden powers or possibilities within you.

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Book Review

8 Nuggets of Wisdom from the Four Agreements by Don Ruiz

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In his book, The Four Agreements: A Practical Guide to Personal Freedom, Don Ruiz, provides wonderful pieces of advice that will help you find freedom. The book is enlightening, and all individuals in search of true happiness should read it.

Here are seven nuggets of wisdom I learned from the book.

  1. We Always Domesticate Our Children

According to Don Ruiz, children are domesticated the same way animals are domesticated. We domesticate them by punishing them when they go against our rules and rewarding them when they obey us. They then grow up with a certain belief and behavioral system that is forced upon them.

  1. Our Belief System Guides Our Thoughts And Actions

We all have a set of beliefs that guide our thoughts and actions. These beliefs determine whether we’ll be positive or negative thinkers, and where we’ll end up in life.

  1. Why Your Beliefs Have the Power to Guide You

Your beliefs have the power to guide you because you believe they are true. You completely trust them hence allowing them to determine your thoughts, decisions, and actions.

  1. Our Biggest Fear is to Be Authentic

We avoid showing the world our true nature because our biggest fear is to be ourselves. Little do we know that most people who achieve personal freedom and true success are authentic. They never fear expressing who they truly are.

  1. Be Careful With Your Word

You must be careful with your word because it influences other people’s actions and attitudes. Your friend can start loving herself passionately if you constantly tell her that she is a wonderful being. Conversely, the same friend can dislike herself if you constantly tell her that she’s an ugly loser.

  1. Don’t Take Things Personally

Taking things people say personally shows that you agree with what they say. Stop agreeing with everything people say about you because whatever people say comes from their personal viewpoint. It’s all about them, and not you.

Taking things personally will waste your time and energy because you’ll keep thinking why some people said some things about you, and how you’ll get back at them.

  1. Stop Making Assumptions

Most of us make assumptions that eventually hurt us. For instance, we love making assumptions about our friends, spouses, and relatives. We assume they know what hurts and what doesn’t hurt us, and we get offended when they do something that hurts us.

  1. Always Do Your Best

Do your best because by doing so you’ll avoid guilt and regret as you’ll love yourself, and you’ll be more fruitful. Don Ruiz defines doing your best as enjoying the action you take without expecting rewards. You, therefore, know you are doing your best when you are working while not thinking about payday.

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