Slowlane

the "easy" path =

  • go to college, go into debt
  • get a degree
  • work a safe job, invest, save, budget
  • retire maybe at 65
SideWalk

  • instant gratification
  • external locus of control
  • victim mentality
  • "one thing" from homelessness

FastLane

  • how you can get rich in 5-10 years
  • not just rich, but baby billionaire rich (1 billion pennies = $10M)
  • true wealth that equals freedom, time, and health
  • for getting rich "young" rather than geriatric

The process to travel the fast lane is to create "money trees"

There are different types of money trees, these money trees are business systems that can grow without your direct supervision and can scale.

The 4 Systems

Rental System

a good example would be real estate, or licensing like music licensing

Distribution System

amazon is one of the largest distribution systems in the world

a place that connects buyers and sellers

Software System

SaaS
or Digital Assets that have no cost of distribution or supply

Content System

The best way to start building these money trees (which are hard to make) is to switch from a consumer to a producer

switch your mindset and act on it, no matter the previous failures. MDW Journal

Commitment vs Interest

You need to go above & beyond and be single-minded when building your money trees,

go beyond where other people would stop, keep pushing and be unbreak-able.

Commandments

  1. People need to want or need your business (MDW)
  2. (ideally) build in a high-barrier to entry business
    1. harder for competition to steam roll you
  3. need to be in control of as many factors as you can that effect your business
    1. build your own market
    2. choose the right business model
  4. need to build a business that has a very high potential to scale.
  5. your time input needs to be disconnected from your business output

Law of Affection

If you want millions, you need to help millions of people