👍 LIKE this video if you want more 💻 Comment something you agree (or disagree) with below! 📚 *CLICK for a FREE Guide "30 Books to Read Before 30" bit.ly/30BooksToRead 🙋🏻♂️ Follow Me On Instagram: @clarkkegley
The rich doesn't have two heads rather the poor have no proper information to multiply their income. Investment is the key, it has always worked for me and it can still work for you if you have the right information.
From the look of things: money separates the poor from the good things of life. Not working for the money but letting the money work for you through investments should be in everyones mind.
The best way to create and maintain wealth is by investing, investments saves one from not working all through their life time expecting to retire and enjoy their labor at the age of 60-65 as the case maybe. And my question is, will you be physically fit to enjoy the fruits of your working years?.
The Five Fastlane Commandments (NECST): 1. The Commandment of Need 2. The Commandment of Entry 3. The Commandment of Control 4. The Commandment of Scale 5. The Commandment of Time
I love how you portrayed the author. This is the kind of guy I'd like on my team...someone who tells it strait without simply only telling me only what I want to hear.
My favorite book of the year. Surprisingly profound. Analyze your life under MJ's system and see how you look to yourself. The worst thing about this book is that I didn't find it in my 20s. Turns out I'm in a slow lane but I have a few interesting Fastlane traits.
i love that youre back at book reviews! i freaking love books, i review them myself, so i am always interested in what you are currently reading 😉keep up the good work!
I love this, I just bought a course for $500 and thought maybe I was just lazy and could just learn the info that I wanted by researching, but you're right, you have to invest in your education and save your time. Thanks for this Clark!
I need to increase my reading. I haven't been making it my priority lately. I've read about half this book. You do a great job of reviewing books, Clark. Your use of examples makes the lessons easier to understand. Thanks so much for your effort and time.
A major thing about mj demarco that most people don't realise is that he started a website which didn't require a large upfront cost/cost to scale. That's why he was able to become a millionaire young and also have time freedom. He did this during the dot com boom. If you created a different type of fast lane business you might not reap the rewards until a later age in life because of the extra capital required. Also if you fail with a higher capital business and go bankrupt you could be financially ruined for a long time. This is why if you do want to become rich young like the book suggests you should look for a fastlane business idea that requires low unfront cost and preferably an online business.
I think the part about luck not existing was hilarious. He rode the dotcom bubble up and sold just before 2008. Hasn't done anything meaningful since. He's no different than Justin Beiber pulling out an acoustic guitar and posting a video of himself on youtube which ultimately led to a record deal and millions of dollars. JB had to learn the guitar for several hours the same way MJ learned web dev for several hours.
Refusing to Settle! Thanks a lot for this video, I'm struggling to start an online business, I don't seem to find the time, my 9 to 5 takes most of my energy... Well it's not really 9 to 5 but a 7 to 5... So yeah, it takes most of my time. I know I'll get where I want to be, I'll never give up... thank you for the inspiration!
Thanks for this video, Clark. I would like to add that it's also important to be wary of so-called teachers that provide online courses just for the sole purpose of scamming you. I had several cases where I was interested in an online course but did some research about it beforehand and found out that countless of people got scammed.
Clark, AMAZING points! This is what I am working on right now: I was unable to risk working because I needed a mental and emotional stability in order to be able to focus on growing my business. Love your channel so much, I found you after following Stefan James for a long time. Also love that you are also a musician like me :) High five to taking control of your life and being able to have more time for the love of music!
Loving "The Millionaire Fast Lane" in 2020! The circumstances may change, but the principle is still the same: divorce time from money. Create business systems that serve you rather than the other way around. Thank you for sharing!
Thanks for the informative video Clark. I've always enjoyed your book reviews. I got the idea about Lincoln and the tree, but the metaphor is sharpening his axe, not his saw. lol Just a little CC for your edification. In keeping with the message of your video I want to share something a rich friend of mine teaches. He says either you own your business, or your business owns you. He follows what he calls the DDD formula: Dictate, Delegate, and Disappear.
All in all a nice and valuable video, thanks for sharing it with us! A couple of remarks/thoughts though: 1. 1:15 "Getting rich quick does exist". Thankfully you talk in really vague and relative terms so I cannot say you're not right. BUT. That artist started singing when he/she was 10. Those professional athletes that signed a multimillionaire contract, or that guy that sold his business overnight to Google you mentioned, worked their whole lives on building their personal value and then a couple more years and only than was it an overnight success. So quick is relative yeah it's quicker than 60 years but it's still 10-20 years (a lot of which you don't acknowledge as work). It's kinda dangerous to say quick because for most people quick is 1 year. If you spent your whole life not working on developing yourself, there's no way you're going to provide value in 1 year, good luck with that. So quick = 10+ years. Even though those books you read, those online courses you did, gym workouts, etc. didn't contribute directly to your business, they were a part of the personal development you were doing and that takes time. 2. 9:00 Fill a demand instead of creating a demand - people don't know what they need, Facebook didn't fill the need it created a need (why not share my personal information and connect with others creating a virtual world - MySpace did a similar thing but Fb was better and only than it became a daily need for many people), Dropbox (why not sync my files across multiple machines - there were a lot of similar products back in the day but Dropbox created a really good product and that's when people realized they need that something like that), Instagram similar thing, Uber also, etc. And now in retrospective, because you are aware of the need you say they filled the need. No, they invented it, it existed in humans but we were unaware. But then they also filled it so it kinda depends how you look at it. 3. 14:25 I agree about the control point, you should be active in your life and in control (as well as knowing when to let go of control), but Google actually did a good thing, Google improved their algorithm, those people were just misusing the algorithm. They were the bad part of the equation so they could have expected "the slap". It's not like RUclips will close your channel if you are actually providing solid value to the community, they need you as well as you need them. We would be living in the stone age, thanks to those people, if we didn't have some kind of systemic regulation, unfortunately.
There's quite a few fallacies in the book. 1. Survivorship bias - "I made it doing A B and C and so anyone who does A B and C can also do it, the universe had no impact on this and luck doesn't exist". 2. False dichotomy - "You must be in the fast lane or the slow lane entirely" as if working a 9-5 to feed yourself and save a small bit while working on that gizmo in your garage isn't possible. 3. False comparison - "Look at all these awesome things about the 'fast lane' and compare them to all these negative aspects of the 'slow lane'" as if there's nothing good about having a 9-5 with health benefits and job security.
Barrier to Entry, if there's a Gold Rush, don't go to the gold mines, instead sell them something they need in transit like a Horse. Another example, Someone invented light bulbs, so sell them wiring to light the bulbs (need)
Oooh my God I am your subscriber for years... I love books... you allways have great content but on this video you are talking to me...perfect timing... keep with your great work🙌
I love this book! It's now one of my top go to's because it has so much applicable information. I also love the fastlane acronym towards the end of the book. Great review for the Refuser community that's for sure. Speaking of membership sites... if you're a member of this community and you are interested in checking out a cool community where you can build membership sites quickly. Connect with me.
I love this book but I disagree with the barrier to entry thing. And actually, YOU also disagree with it. Because if we really wanted to follow his advice about barrier to entry, we would NOT be on youtube where literally ANYONE can get started. 5 year old kids are getting started lol. After 4 years of struggling with that chapter, then talking, eating and interacting with actual millionaires in 2017, I just have to disagree with that chapter and I'm okay with it.
Positively Udo Unfortunately, barrier to entry is an important commandment to consider when creating a business...however some people have managed to break a commandment or 2 beat succeed against the odds but that is the exception. You have better odds of success if you go commandments the book shows you. But, the choice is yours. Many people don't want to wealthy or aren't willing to do what it takes and that's completely okay. ✌
MJ Demarco also mentioned in his book that if you do violate the barrier to entry you can still be successful by being really really good at what you do. The competition will be fierce so you will have to out work and out hustle everyone else.
Clark, thank you for provide massive value. You gotta do another for "Unscripted". I will even GIFT you that book, if you provide me with your mailing address. Thank you in advance.
Hey Clark, Thank you fit the review. I know this is over a year and am not trying to be a douche but you missed one commandment of scale, otherwise this was really helpful. Thank you
Refusing to settle I came to the end of the description ... Do you have some other online business ideas besides affiliate marketing, kindle like software based businesses for tennagers like me ?
👍 LIKE this video if you want more
💻 Comment something you agree (or disagree) with below!
📚 *CLICK for a FREE Guide "30 Books to Read Before 30" bit.ly/30BooksToRead
🙋🏻♂️ Follow Me On Instagram: @clarkkegley
I realize Im kinda off topic but does anybody know of a good place to watch new tv shows online?
@Caiden Angel i watch on FlixZone. You can find it by googling =)
@Karsyn Fletcher Yea, I've been watching on Flixzone for years myself :)
@Karsyn Fletcher thank you, I went there and it seems like they got a lot of movies there :D Appreciate it !
@Caiden Angel No problem =)
The rich doesn't have two heads rather the poor have no proper information to multiply their income. Investment is the key, it has always worked for me and it can still work for you if you have the right information.
Yes investing is a preliminary decision to be made for the future.
We live in a beautiful world that only a few enjoy, the others have to watch it on RUclips .
From the look of things: money separates the poor from the good things of life. Not working for the money but letting the money work for you through investments should be in everyones mind.
Yes so many good things of life to enjoy but like you said , money separates the rich from the poor.
The best way to create and maintain wealth is by investing, investments saves one from not working all through their life time expecting to retire and enjoy their labor at the age of 60-65 as the case maybe. And my question is, will you be physically fit to enjoy the fruits of your working years?.
The Five Fastlane Commandments (NECST): 1. The Commandment of Need
2. The Commandment of Entry 3. The Commandment of Control 4. The Commandment of Scale
5. The Commandment of Time
I remember a guy who rearranged it to "CENTS" .(pun was intended)
This book changed everything for me. Thanks for the recommendation!
I love how you portrayed the author. This is the kind of guy I'd like on my team...someone who tells it strait without simply only telling me only what I want to hear.
Rich people own a system using other people's time and specialized knowledge.
My favorite book of the year. Surprisingly profound. Analyze your life under MJ's system and see how you look to yourself. The worst thing about this book is that I didn't find it in my 20s. Turns out I'm in a slow lane but I have a few interesting Fastlane traits.
i love that youre back at book reviews! i freaking love books, i review them myself, so i am always interested in what you are currently reading 😉keep up the good work!
7:05 Very Wise Advice! Health, Wealth, Love. Classic.
The more I learn the more I earn! Readers are leaders! 😉
“Not all leaders are readers, but ALL leaders read.”
I love this, I just bought a course for $500 and thought maybe I was just lazy and could just learn the info that I wanted by researching, but you're right, you have to invest in your education and save your time. Thanks for this Clark!
I need to increase my reading. I haven't been making it my priority lately. I've read about half this book. You do a great job of reviewing books, Clark. Your use of examples makes the lessons easier to understand. Thanks so much for your effort and time.
Can u make video listing all courses you have taken
Has he?
Really well explained! This book differently my view on getting rich! Well done!
Great info, thank you.
A major thing about mj demarco that most people don't realise is that he started a website which didn't require a large upfront cost/cost to scale. That's why he was able to become a millionaire young and also have time freedom. He did this during the dot com boom. If you created a different type of fast lane business you might not reap the rewards until a later age in life because of the extra capital required. Also if you fail with a higher capital business and go bankrupt you could be financially ruined for a long time. This is why if you do want to become rich young like the book suggests you should look for a fastlane business idea that requires low unfront cost and preferably an online business.
I think the part about luck not existing was hilarious. He rode the dotcom bubble up and sold just before 2008. Hasn't done anything meaningful since. He's no different than Justin Beiber pulling out an acoustic guitar and posting a video of himself on youtube which ultimately led to a record deal and millions of dollars. JB had to learn the guitar for several hours the same way MJ learned web dev for several hours.
Refusing to Settle! Thanks a lot for this video, I'm struggling to start an online business, I don't seem to find the time, my 9 to 5 takes most of my energy... Well it's not really 9 to 5 but a 7 to 5... So yeah, it takes most of my time. I know I'll get where I want to be, I'll never give up... thank you for the inspiration!
Thanks for this video, Clark. I would like to add that it's also important to be wary of so-called teachers that provide online courses just for the sole purpose of scamming you. I had several cases where I was interested in an online course but did some research about it beforehand and found out that countless of people got scammed.
Clark, AMAZING points! This is what I am working on right now: I was unable to risk working because I needed a mental and emotional stability in order to be able to focus on growing my business. Love your channel so much, I found you after following Stefan James for a long time. Also love that you are also a musician like me :) High five to taking control of your life and being able to have more time for the love of music!
Loving "The Millionaire Fast Lane" in 2020! The circumstances may change, but the principle is still the same: divorce time from money. Create business systems that serve you rather than the other way around. Thank you for sharing!
Thanks for the informative video Clark. I've always enjoyed your book reviews. I got the idea about Lincoln and the tree, but the metaphor is sharpening his axe, not his saw. lol Just a little CC for your edification. In keeping with the message of your video I want to share something a rich friend of mine teaches. He says either you own your business, or your business owns you. He follows what he calls the DDD formula: Dictate, Delegate, and Disappear.
All in all a nice and valuable video, thanks for sharing it with us! A couple of remarks/thoughts though:
1. 1:15 "Getting rich quick does exist". Thankfully you talk in really vague and relative terms so I cannot say you're not right. BUT. That artist started singing when he/she was 10. Those professional athletes that signed a multimillionaire contract, or that guy that sold his business overnight to Google you mentioned, worked their whole lives on building their personal value and then a couple more years and only than was it an overnight success. So quick is relative yeah it's quicker than 60 years but it's still 10-20 years (a lot of which you don't acknowledge as work). It's kinda dangerous to say quick because for most people quick is 1 year. If you spent your whole life not working on developing yourself, there's no way you're going to provide value in 1 year, good luck with that. So quick = 10+ years. Even though those books you read, those online courses you did, gym workouts, etc. didn't contribute directly to your business, they were a part of the personal development you were doing and that takes time.
2. 9:00 Fill a demand instead of creating a demand - people don't know what they need, Facebook didn't fill the need it created a need (why not share my personal information and connect with others creating a virtual world - MySpace did a similar thing but Fb was better and only than it became a daily need for many people), Dropbox (why not sync my files across multiple machines - there were a lot of similar products back in the day but Dropbox created a really good product and that's when people realized they need that something like that), Instagram similar thing, Uber also, etc. And now in retrospective, because you are aware of the need you say they filled the need. No, they invented it, it existed in humans but we were unaware. But then they also filled it so it kinda depends how you look at it.
3. 14:25 I agree about the control point, you should be active in your life and in control (as well as knowing when to let go of control), but Google actually did a good thing, Google improved their algorithm, those people were just misusing the algorithm. They were the bad part of the equation so they could have expected "the slap". It's not like RUclips will close your channel if you are actually providing solid value to the community, they need you as well as you need them. We would be living in the stone age, thanks to those people, if we didn't have some kind of systemic regulation, unfortunately.
You just sold me on this book. Heading to amazon now! Ha
Thank you brother Clark for video❤🌟
The key point is work smarter not harder.
Yes, *but* - most preach it, few practice it.
Live your vídeos! KEEp the good work!
There's quite a few fallacies in the book. 1. Survivorship bias - "I made it doing A B and C and so anyone who does A B and C can also do it, the universe had no impact on this and luck doesn't exist". 2. False dichotomy - "You must be in the fast lane or the slow lane entirely" as if working a 9-5 to feed yourself and save a small bit while working on that gizmo in your garage isn't possible. 3. False comparison - "Look at all these awesome things about the 'fast lane' and compare them to all these negative aspects of the 'slow lane'" as if there's nothing good about having a 9-5 with health benefits and job security.
Barrier to Entry, if there's a Gold Rush, don't go to the gold mines, instead sell them something they need in transit like a Horse.
Another example, Someone invented light bulbs, so sell them wiring to light the bulbs (need)
Oooh my God I am your subscriber for years... I love books... you allways have great content but on this video you are talking to me...perfect timing... keep with your great work🙌
Absolutely loved this video. Thank you so much for this valuable information Clark. Lots of love from an Australian 🇦🇺😀
Do you have a video where you break down the power of now? Keep up the good work, thank you for being an inspiration:)
Its must read book for anyone who wants to or thinking to start a business
True, when you Pay for things it makes them more Valuable & Authentic and your more likely to make use of Courses, Knowledge and Media
Your videos have the production quality of a movie on the big screen
Great tips in this video. Anytime I need to be motivated about money, I come check out your channel
Did you notice? 3 markets... Health, Wealth, Love...Yep! Salud, Amor y Dinero!
You should make a video on how many people are starting to believe that self-help books are a huge scam, and your opinion on this
Great Book!! I have the audiobook and listen to it regularly.
Great job Clark!!! Thank you.
I read the Millionaire Fastlane many times and I love it. His other book Unscripted is not really worth the money however.
Anyone reading this, if you haven't repented yet, please REPENT, FOR THE KINGDOM OF HEAVEN IS AT HAND.
10 best ideas ever!
Great assessment! I love your videos..from one drummer to another! Also love this book by MJ and love your classic car!!
One of my favourite books on wealth. Cheers!
Awesome video! Love the review and commentary. Very useful.
I see you finally listened to my old comment and read this book! lol
His other book Unscripted is awesome too. Check it out!
I love this book! It's now one of my top go to's because it has so much applicable information. I also love the fastlane acronym towards the end of the book.
Great review for the Refuser community that's for sure.
Speaking of membership sites... if you're a member of this community and you are interested in checking out a cool community where you can build membership sites quickly. Connect with me.
I love this book but I disagree with the barrier to entry thing. And actually, YOU also disagree with it. Because if we really wanted to follow his advice about barrier to entry, we would NOT be on youtube where literally ANYONE can get started. 5 year old kids are getting started lol. After 4 years of struggling with that chapter, then talking, eating and interacting with actual millionaires in 2017, I just have to disagree with that chapter and I'm okay with it.
agree!!
Positively Udo Unfortunately, barrier to entry is an important commandment to consider when creating a business...however some people have managed to break a commandment or 2 beat succeed against the odds but that is the exception. You have better odds of success if you go commandments the book shows you. But, the choice is yours. Many people don't want to wealthy or aren't willing to do what it takes and that's completely okay. ✌
+Neil L Many ways to look at this my friend
MJ Demarco also mentioned in his book that if you do violate the barrier to entry you can still be successful by being really really good at what you do. The competition will be fierce so you will have to out work and out hustle everyone else.
Thank you Clark great content. Love your videos.
be a student not a follower by Jim Rohn , The guy who revolutionised my mindset,
Amazing Video learning so many things
This hair 🔥🔥🔥
Refusing to Settle miss the book reviews thanks!! 🙏🏼🙌🏼👍🏼
So well said Clark
man, I really like your videos!
Good stuff! Thanks, Clark.
Clark, thank you for provide massive value. You gotta do another for "Unscripted".
I will even GIFT you that book, if you provide me with your mailing address.
Thank you in advance.
Where's the link for the Free RUclips Guide?
Was looking forward to this book!
Nice work 🎆✨🎇
Great book, great video.
Awesome book, founded very interesting and great stuff to look at on being real..
Thank you man.
I’m reading it as well
Finally someone who seems normal and who isnt providing a bunch of bs.
Law of effection 👌
Great video man!!
Thanks!
Ahahaha ! Surf the Mediterranean .... Thanx for this huge joke ! You're funny.
well done!
Hey Clark, Thank you fit the review. I know this is over a year and am not trying to be a douche but you missed one commandment of scale, otherwise this was really helpful. Thank you
Thanks ,Finally somebody did a video from this GREAT BOOK, hope you do one from HOW TO GET RICH, from FELIX DENNIS ,
Refusing to settle I came to the end of the description ... Do you have some other online business ideas besides affiliate marketing, kindle like software based businesses for tennagers like me ?
kolku god si? Si slushnal za ptc/ppc/ppd?
Wiktor Nill. Ne ne sum slusnal ama moze da istrazam. 18 godini imam
Moze li da mi objasnis sto se tie ne mi e jasno
Have you read MJ’s newer book “Unscripted“? If so, how do you compare the two?
Out book waht to be of the gain
Are you a millionaire now Clark?
Yes yes how to make an online course
Don't chase money Chase need.
Ha, you had me up untill 18:40... disagree. If you hustle, most information you can get for free
❤
7:30 = Fart?
The Partae yes 🤣🤣🤣🤣
The Actors and Athletes wouldnt be in get rich quick
How can book make me a millionare bro still we makin somefunny
Go and work hard thts the bestway the easiest way 🦋🦋🦋🦋
I gave you the watch time for the video but you should really read the book tho.
If you think he rants in this book you haven't read his next one, 'Scripted'. Chapters of ranting.
You kind of look like Pink. Nice content obliviously
Ok your hair ?
You fed up your hair...dude what were you thinking?
Is it just me or he looks like Ronaldo
Please please please keep your natural color hair.
boring af
Dan Mac you must be boring then. I find this fucking amusing