Tuesday, November 29, 2011

Millionaire in Fastlane

MJ DeMarco's book, The Millionaire Fastlane: Crack the Code to Wealth and Live Rich for a Lifetime, is a very interesting piece of work. I was inspired by it actually.

He has stated that most financial gurus are not telling you the truth and pointing the masses to follow the 'slowlane'.

"Go to school, get a job, save 10% of your paycheck, buy a used car, save and one day when you will be 65 years old you will retire rich."

That is not something I want. So what is the solution? Be an entrepreneur, especially to take advantage of the Internet

Just like any other business, all successful business must be based on "Need". Without it, there are no business case.

2nd, what is the barrier of entry, the higher the barrier, it is better

Then, other things to be consider are the scale of the business can be growth, the control of tangible & intangible assets, etc

And last but not least, the distraction that derail you from your goals

It is something that make me thinking hard ......