Accelerate Your Path To Wealth With The Millionaire Fast Lane!

At Building Out, we are very clear that the two paths to financial success and wealth are either making more than you are earning and investing the rest aggressively or building your own business and scaling it.

This week’s book summary discusses a really interesting book that makes the case for starting your own business as a fast track to building financial freedom. The Millionaire Fastlane by MJ DeMarco is thought-provoking and worth a deeper dive.

This blog post summarises the key points from the book and provides five actionable ideas for anyone interested in building a life of time and financial freedom.

Book Summary

This book divides people into three different lanes. The sidewalk where people don’t know the rules of the game and are essentially sleepwalking into their financial future. In the slow lane, many people think they are doing the right thing by making more than they are and investing the rest to build financial security for retirement. And finally, the fast lane, where MJ DeMarco introduces a faster and more aggressive route to building wealth.

The Millionaire Fastlane argues against the slow lane approach because building financial security can take many years. By the time you have financial security, you’re…