TMBA 534: The Re-Readables: The Millionaire Fastlane

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We've recently been revisiting some of our favorite business books on this podcast as part of a series we call "The Re-Readables".

What makes this week's installment of that series so special is that we have been joined by the author of the featured book.

MJ DeMarco wrote The Millionaire Fastlane in 2010 and, since then, it has continued to grow in popularity.

The basic premise of the book is that the many of the most successful people have found ways to step off of the "slow lane" or the "sidewalk" to join the "fast lane", usually through entrepreneurial endeavors.

MJ joins us today to talk about the legacy of The Millionaire Fastlane, why it is still as relevant today as it was when it was released, his thoughts on the FIRE (Financial Independence, Retire Early) movement, and much more.

Listen to this week's show and learn:

  • What M.J. believes is the legacy of the book. (6:45)

  • M.J.'s "CENTS" framework for entrepreneurship. (12:01)

  • Where people struggle the most trying to get on the fast lane. (18:12)

  • M.J.'s thoughts on the FIRE community. (27:59)

  • Why M.J. believes that following your passion is bullshit. (35:20)

Mentioned in the episode:

Before the Exit - Our New Book
TMBA Masterminds
Partner With Us
The Dynamite Circle
Dynamite Jobs
Dynamite Deals
M.J. DeMarco
The Millionaire Fastlane by M.J. Demarco
Unscripted by M.J. Demarco
The 4-Hour Workweek by Tim Ferriss
FourMinuteBooks.com
My FIRE Failure and How it Exposed REAL Financial Freedom

This Week's Sponsor:

Bean Ninjas Logo - TMBA Sponsor

This week's podcast is sponsored by Bean Ninjas.

If you're anxious about your business finances, today's sponsor has an offer for you.

Bean Ninjas is an online bookkeeping and financial education company that has been helping entrepreneurs achieve freedom through stress-free finances for almost five years.

They were recently named Xero bookkeeping partner of the year in 2019, and they are offering to train you on how to effectively use Xero to manage your finances with their "How to Do Your Bookkeeping in Xero" online course.

As a special offer to Tropical MBA listeners, you can get 25% off this 5-week course. Head over to BeanNinjas.com/TMBA for more details. 

Deal of the Week:

Dynamite Deals Logo
Lower Street Logo

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Enjoyed this podcast? Check out these:

TMBA448: The Cult of Early Retirement
TMBA453: What’s The First Step To Becoming an Entrepreneur?
TMBA532: The Middle Game

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Have comments about the show?

Do you have ideas for things you'd like Dan and Ian to discuss on future episodes?

Our producer Jane would love to hear from you at jane@tropicalmba.com or leave us a voice message using the record button below.

 Thanks for listening to our show! We'll be back next Thursday morning 8AM EST.

Cheers,

Dan & Ian

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TMBA 535: Bringing Your Remote Team Together

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TMBA 533: From Cryptocurrency to Cowboy Boots