Post: #76

(06-13-2017 09:41 AM)Suits Wrote:  We know from the number of ads and affiliate links on his forum that he is pretty much broke.

No, you don't. I accept it is your opinion.

Quote:Still doesn't explain the wall of affiliate links and advertisements on his forum.

lol I'd put up ads on my site if it added to the bottom line no matter how much money I had. It would be kinda stupid not to at least test it and see if you can profit from the free lurkers.

Quote:This type of critical thinking has led me on the path of searching for good advice and better books than the one he wrote. Very valuable to be able to think for yourself than to fall for lies like, "If you don't trust every claim DeMarco has made, you have a scarcity mindset!"

Experience is better. That will tell you who is bullshit and who isn't.

Quote:Nope, because I'm a firm supporter of DeMarco's Commandment of Control, which means I'd never invest in a business that I didn't own at least 51% of.

Plus, I'm an entrepreneur, so I prefer to build new things from the ground up. That is what we do.

Relax, it was a joke. I wouldn't accept money from someone I felt was incompatible. God forbid I put ads on a website or send out an affiliate link.

Post: #77

(06-13-2017 10:59 AM)worldwidetraveler Wrote:  

Quote:Nope, because I'm a firm supporter of DeMarco's Commandment of Control, which means I'd never invest in a business that I didn't own at least 51% of.

Plus, I'm an entrepreneur, so I prefer to build new things from the ground up. That is what we do.

Relax, it was a joke. I wouldn't accept money from someone I felt was incompatible. God forbid I put ads on a website or send out an affiliate link.

Autism?

Post: #78

(06-13-2017 11:04 AM)Suits Wrote:  

(06-13-2017 10:59 AM)worldwidetraveler Wrote:  

Quote:Nope, because I'm a firm supporter of DeMarco's Commandment of Control, which means I'd never invest in a business that I didn't own at least 51% of.

Plus, I'm an entrepreneur, so I prefer to build new things from the ground up. That is what we do.

Relax, it was a joke. I wouldn't accept money from someone I felt was incompatible. God forbid I put ads on a website or send out an affiliate link.

Autism?

What are you trying to say Suits?

Post: #79

I don't know who this DeMarco character is but according to the-net-worth.com he is worth around $20m

http://www.the-net-worth.com/2016/12/mj-demarco/

(06-13-2017 12:27 AM)Suits Wrote:  $20 x 12 = $240 per year per subscriber
(Let's adjust this to an average $180 / year, as some subscribers may choose the cheaper $10 per month option by paying a year upfront).

500 subscribers x $180 = $90,000
(I'm assuming that he actually has that many subscribers. My best guess is that he doesn't have anything close to that number).

Everyone has different ideas of what they want in life and how they want to spend their time, but even if I had millions of dollars, I certainly would not mind making an extra $90k/year off of a website that essentially runs itself.

Post: #80

How many people in this thread have followed "The Millionare Fastline" and become millionaires? Waiting to hear your stories!

Post: #81

(06-13-2017 01:11 PM)SamuelBRoberts Wrote:  How many people in this thread have followed "The Millionare Fastline" and become millionaires? Waiting to hear your stories!

I'm on target to be one this year.

Post: #82

(06-12-2017 04:19 PM)worldwidetraveler Wrote:  Charging money is now equated to being a scammer? I guess we all are scammers. It doesn't matter if the dude doesn't need money. He should get paid for his time. Anyone who thinks otherwise doesn't value their time. Even worst is they don't value the time of others.

Totally agree with you. There seems to be this attitude that if you have money you shouldn't need anymore. Now I don't doubt that there's people who teach and can't do,a nd there's people who really have no business teaching but to say that person is supposedly successful so they shouldn't be charging is crazy.

Post: #83

There are lots of free resources on wealth generation and accumulation written by men who are undoubtably wealthy. Check out the works of Charlie Munger, Edward Thorp, Robert Schiller and William Bernstein before paying for anything. They're all older men who want to pass on their knowledge to anyone who cares to listen.

Post: #84

Fastlane forum is a small ecosystem for making money. Dude gets passive income from book sales + forum and most likely spends 1-2 hrs max a day on it.

That meltdown in this thread

Post: #85

(06-13-2017 01:11 PM)SamuelBRoberts Wrote:  How many people in this thread have followed "The Millionare Fastline" and become millionaires? Waiting to hear your stories!

How many people have followed any book to become millionaires?

No book is going to do that for you. If a piece of information could do that, it would not be sold for $14.99 in the discount bin where every business book ends up.

Any book in the money making realm is inspiration and motivation at best, no matter what you read it all depends on your abilities and actions.

Post: #86

Man I just got done reading this book... and simply could not make it through man! I don't know if Suit read it as well... but I'm pretty sure NOT... because he would've been WAY WAY ANGRIER if he did! I understand the vision of the author, and how being your own boss, and working less hours is beneficial... but damn he sure goes about it the wrong way! It is not the ONLY way to wealth and success.

Yes sure some people hate that cubicle... and the 9 to 5 grind... but some are working their Dream job in that environment. Just like you cannot force someone to swallow the Red Pill, the author tries to force down the Financial Independence how to be wealthy Pill straight down your Asshole with his book!

The main thing that rubbed me off the wrong way his the apparent contempt he has regular people... and automatically assumes they're unhappy drones! Some of the happiest mofos I've met are the conservative young professional who knows they have a skillset that will lead to work pretty much until they retire... and set aside carefully until they do.

They absolutely love to work! He makes the assumption that pretty much ALL 9 to 5ers are YOLOS, and that if you have to sit in traffic to make a living... then you ain't doing something right. He actually uses sitting in traffic as an argumentation point for his views, and not as the Drive by point that it actually is.

I get that he's trying to motivate the sheep who work the 9 to 5 they absolutely hate... but man o man you have to motivate these peeps first... and dangle a little carrot & cookie in their face BEFORE you tell them why you see them as a failure... and not the other way around!He preaches about Delayed Gratification... yet calls the people who work diligently, while consistently saving a large portions of their income "suckers" who'll waste their life by saving for retirement.

I just had to put the book down for good when he equated the work week as "Prostitution". If the author meant it as a metaphor, satire, or tongue in cheek comment... no big deal... I can take a joke... but then he went on about reiterating that point... regardless of the job you held → Prostitution. Then he went on to mention how long these job would take to yield you 1 Million dollar in compensation, and in savings overall. Where is it written 1 Million is the goal YOU should aim for?

That's when I knew this mofos is out of his mind... and living in his own bubble... and took the time to DELETE IT FROM MY KINDLE LIST!
For anyone looking to get ahead... I feel you'll be way better served by reading the classic Think & Grow Rich, the Magic of thinking Big and my favorite motivation book The Go Getter.

Nonetheless, this mofo is a multimillionaire entrepreneur who can code, and who worked 100+hours per week in the past. His genius cannot be dismissed. Just like someone using RSD High Tempo Club Game... it might work... but it ain't for me! He's an outlier, who's been an outlier for so long that he lost his sense of reality.

My vision is similar to his since I'm in the process of completing my own site at BluH86.com, and later on BluHking.com, but damn I'll never bash the Engineer & Plumber putting in 60H/week, or that Finance old lady who's blissfully happy doing her 8:30 to 4:30! He's talking about Millions like it's nothing! Shit I end up making 6 figures a year... you'll see me dancing Butt naked in these Streetz

Post: #87

Just finished reading the book. A very good read

Post: #88

(07-21-2017 03:15 PM)SydneyD Wrote:  Just finished reading the book. A very good read

Post: #89

(07-02-2017 03:57 PM)Captain Gh Wrote:  The main thing that rubbed me off the wrong way his the apparent contempt he has regular people...

He is definitely abrasive, and took way too much time badmouthing what he calls slow lane lifestyles. I look at TMF like any other business book, they are all mostly fluff and if I can pull a few concepts out of it I consider it a win.

What I got from The Millionaire Fastlane is the basic concept that for most people the most likely path to being wealthy is through entrepreneurship. Beyond that, he explains that one must design a business which decouples you from the practice of selling your time. To do that you must provide a major service or product to some people, or a small service or product to a large number of people. It's hard to argue with that, but it would be easy to deliver it more tactfully.

Beyond that...I agree that the whole Lamborghini thing got pretty tiresome. That is not my style but it doesn't mean I can't learn something from the guy.

Tim Ferris was the same way for me. The Four Hour Workweek was mostly irrelevant, but the concept of taking 3 to 6 months of 'retirement' every year instead of waiting until retiring at the age of 65 made a lot of sense to me. In 2016 I rode a motorcycle all over Vietnam, Cambodia, and Laos, did a lot of volunteer English teaching. This year I hiked from Springer Mountain, GA to Harper's Ferry, WV (1023 miles) on the Appalachian Trail.

Post: #90

MJ is legit and made his money elsewhere in lead generation. Its a passion project. The ads probably sell books and bring in extra cash. A year ago, on one of his webinars, he divulged that after all the incredible success and sales of the book, he only made about $400K total from the book. Thats gross.

Divided by years that the book has been out, thats far less than $100K per year. Respectable, but not the windfall you'd expect from such a massively successful book. More indicative of writing and selling ebooks than anything else. After writing the book, the only real work involved for him now is maintaining his forum, and doing his event every year. That takes literally no time, and if he's making at most $5K per month from his sales, he would likely put the bulk of that into a VA or part time employee to maintain everything, and the rest into marketing for the book/forum to keep it going. The marketing likely pays for itself in returned sales and traffic. Why not monetize his highly trafficked forum with affiliate marketing? If not, thats leaving money on the table, not the sign of a wealthy businessman thats made his own money. "He has a lot of money," so that means he shouldn't make more?

Agree Suits that this is conversational, not hard math, business plans or business tactics. Its entrepreneurial philosophy, meant to inspire people.

MJ is doing this to help people, and essentially fund the operation from his sales.

If you want a real scam artist, look no further than this guy;

Post: #91

I have read many of these kinds of books, for example the millionaire fastlane, 4 hour work week and rich dad poor dad and i dont get the hate. For me they opened my eyes to what is possible when i was new in self development etc and i also think that is the purpose of those books, not how you actually do it more than in broad terms.
When i got the ball rolling i started to read books teaching me actual skills i needed to succeed, for example books on how to write copy that sells and seo strategy books.

Post: #92

I think Kiyosaki is a scam artist but surprisingly some of the more specific/technical books in his series written by affiliated experts are surprisingly informative.

Post: #93

Has anyone every gotten rich and successful with the help of reading books on how to get rich and successful?

Post: #94

^
No. I'm not rich, I'm successful.
I read all technical books. I have maybe 2 or 3 books on how to get rich.
Those how to get rich books do not teach you the soft skills of being successful.
Learning how to talk to women, learning how to be a decent person, how to not pay full price for shit, etc.

They teach you how to be rich as if it is the only thing that matters in life. Quite superficial and boring if you ask me.
You can't talk to rich people about anything.

Post: #95

Going through the audiobook right now. It starts off really good in the beginning, but then kind of drifts towards a "get off my lawn" type of rant that goes a little too long. He sounds a little bitter and dismissive about certain income streams and personality types.

Post: #96

(08-07-2017 03:40 PM)General Stalin Wrote:  Has anyone every gotten rich and successful with the help of reading books on how to get rich and successful?

If a book contributes to anyone's success, it will get at most 1% of the credit. People should read books like TMF as a precursor to taking action. If the book can make you take any action, then it was worth it for the individual to read.

The overwhelming majority of people who read books like TMF won't get rich. It won't be because of the book though. It will be because they didn't do anything with the information.

I've read the book, learned from it, and have taken action on it. But I'm not rich yet because I'm wasting time posting on forums instead of working on my business.

(08-07-2017 04:01 PM)crdr Wrote:  ^
No. I'm not rich, I'm successful.
I read all technical books. I have maybe 2 or 3 books on how to get rich.
Those how to get rich books do not teach you the soft skills of being successful.
Learning how to talk to women, learning how to be a decent person, how to not pay full price for shit, etc.

They teach you how to be rich as if it is the only thing that matters in life. Quite superficial and boring if you ask me.
You can't talk to rich people about anything.

This is a strange criticism. I wouldn't expect a book on how to get rich to teach me anything more than how to get rich. All books are finite and can't cover every topic, and a book is better if it's scope is contained. I don't want read about what other people consider success to be anyway. That's something for me to figure out on my own.

Post: #97

(08-07-2017 04:33 PM)Corollary Wrote:  

(08-07-2017 03:40 PM)General Stalin Wrote:  Has anyone every gotten rich and successful with the help of reading books on how to get rich and successful?

If a book contributes to anyone's success, it will get at most 1% of the credit. People should read books like TMF as a precursor to taking action. If the book can make you take any action, then it was worth it for the individual to read.

The overwhelming majority of people who read books like TMF won't get rich. It won't be because of the book though. It will be because they didn't do anything with the information.

I've read the book, learned from it, and have taken action on it. But I'm not rich yet because I'm wasting time posting on forums instead of working on my business.

(08-07-2017 04:01 PM)crdr Wrote:  ^
No. I'm not rich, I'm successful.
I read all technical books. I have maybe 2 or 3 books on how to get rich.
Those how to get rich books do not teach you the soft skills of being successful.
Learning how to talk to women, learning how to be a decent person, how to not pay full price for shit, etc.

They teach you how to be rich as if it is the only thing that matters in life. Quite superficial and boring if you ask me.
You can't talk to rich people about anything.

This is a strange criticism. I wouldn't expect a book on how to get rich to teach me anything more than how to get rich. All books are finite and can't cover every topic, and a book is better if it's scope is contained. I don't want read about what other people consider success to be anyway. That's something for me to figure out on my own.

Well, How to Get Rich by Felix Dennis of Maxim Magazine is your best bet then.
Most How to Get Rich books don't tell you the absolute pain and struggle and bullshit you need to go through to become a somebody or whatever your motive.
They are usually in the business of glorifying how The Rich Life is better than the Poor Life... This is always up for debate.
My approach to wealth is much different seeing and being with rich people myself. Most books don't teach the wisdom of Wealth...

Post: #98

^

I find books written by people who aren't professional writers to be disappointing reads. There's still a lot of useful information to get out of the books, but there's also a lot of fluff and bullshit to sift through. My guess is the authors realize the important points can probably fill just a few pages, so they have to write 150 extra pages to actually publish the book. That's why you get so many partially relevant stories, definitions of what they consider to be success, and entire chapters written around some platitude. I never use that as a criticism of a book though because it it seems so universal. It's up to me to figure out how to extract the useful information out of them.

I've actually read How to Get Rich, but I didn't get much out of it because I read it after so many other books on the same topic.

Post: #99

I don't read them. I read trade books and magazines in my industry and get my work done and sell my products/services at margin.
Market Intel/Research and Execution of Innovations is how you get rich/successful whatever.

Post: #100

Me, Inc by Gene Simmons is a decent read...
The other one I have is Richest Man in Town.
That's it.





PS- I find it strange that someone who procrastinates has an opinion on Get Rich books. Very contradictory.