This video is an overview of one of the best books I’ve read that tackles creating a profitable business and getting out of the rat race—The Millionaire Fastlane by MJ DeMarco.
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00:00 Intro
00:33 Avoid the slow lane
04:10 Work the process
05:04 Build money trees
10:27 Switch from being a consumer to a producer
12:01 Show commitment, don’t just show interest
14:46 1. The commandment of need
15:09 2. The commandment of entry
16:18 3. The commandment of control
17:06 4. The commandment of scale
18:01 5. The commandment of time
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The Best Book I've Ever Read about Making Money
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The Best Book I've Ever Read about Making Money
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No it is not good. The author already has computer skills and this is not possible for everyone. He talks about paths in life like the sidewalk, slow lane and fast lane. A piece of advice, the quickest way to get rich the true time tested way is to work hard, get educated and be sensible with your expenses. In my opinion this book is only for people with good computer skills, already have wealth and those with university degree. For those at the bottom of the economic strata the advice in this book are useless.
When I listen you , I need to changed playback speed to 0.75 😆
Mr.Ali is supper speed
You cheapened any advice you might have to offer with your ignorance on healthcare in America.
1) if you're actually poor and can't afford any of your medical bills, hospitals write-off billions per year in bad debt. You don't pay it. On top of that, there are charity hospitals that do not charge low income patients.
2) If you're low income but no quite poor, you have insurance for $0/mo with a max out of pocket of $2000 – $8,500 per year depending on your level of low income if you need emergency services or surgery.
3) If you do not qualify for health insurance subsidies, you likely have insurance through your job, or are offered it. If not, you either do qualify for subsidized health insurance or your income is high enough to where you can afford it on your own.
The only reason you would go bankrupt from medical bills, is if you were someone of decent net worth who wasn't responsible enough to get insurance.
Healthcare is not free in any other country. You pay for it in lower quality care and waitlists, much higher taxes, and therefore much less upward mobility.
The slow lane and the fast lane are much slower where you are.
Try not to blatantly expose your ignorance "whilst" giving advice next time. You just sound like another European with an inferiority complex so they find whatever American stereotype that suits them to talk down about.
Have you read the lord of the rings? Thats my favorite book
Key message from 12:40 🙌 well said sir!
Become financially free. Intelligent investors shouldn’t ignore the words of expert , They says, how many millionaires or billionaires do you know who have become wealthy by investing in savings accounts? Obviously non has become rich by putting their wealth in savings accounts.. Learn to invest to have a brighter future
Great video! Yesterday I bought 13k$ in an accidental dip at 7750$, already made 2341$ in 30hrs. Love this project! Also tried this with 30$ to check if you can withdraw and it worked so thats why i put in a bit much
We get an "easy chilled out life" after we hustle for a decade – where they have to work jobs they hate for 3 decades before they get the chilled out life…
Hey Ali, do not talk so fast. I do not understand well. I am new here and subscribed at your channel but you should try to speak more clear and slow.
I have a million dollar passive income in one year challenge going and people keep telling me it’s impossible. I just keep saying it’s completely doable … just not easy. That’s why it’s a challenge. Finding new systems to help me achieve my goal lead me to finding this book. I bought it in audible and started listening … a lot of dense info with some fluff I knew I could skip, which let me to YouTube because I knew there had to be someone who had a more condensed synopsis of it … and my boy Ali came in clutch. Thank you sir!
This reminds me of my brother – slow Lane. We both make wealth but differently. Now makes sense!
i like how u structure ur video and all that jazz 😉
Which book are you using
To write all of this hope you reply this comment
What's stupid is to take pot shots at a country. There's a reason why people come abroad to seek medical attention in the US for serious things(when it needs to actually be great service).
8:25 is that zoom effect Ali does Ken burns or is it something else?
Ali, tell me where you got that sick shirt hoody RN!!!
Even on normal speed this video sounds like it's 2x. Really takes away from what is an otherwise good review.
Sad you think the U.S. is a stupid country
Building Money Trees and disconnect time from money are my most valuable lessons. Revisited my notes from 2020 because of this video. Glad I got some more value out of this book because of this. thanks! ✌🏻
very good information
Plot twist- he made youtube channel to practice Feynman technique
Sir I am not your subscriber but trust me I click this video only because of the MJ Demarco video…..and I can say. That…this is foooking amazing book and this was my first book that I had read and this was the best practical book in the world. This book literally change my life in financial condition…trust me go right away and read this boook
I like how fast and understandable your english is!
Mrs Jane is legit and her method works like magic I keep on earning every single week with her new strategy
Great book analysis, Ali Abdaal!
It's good to remind about this book that I have read a couple months ago, but why the velocity in speaking?
Great video!, but I have come to realize that as a beginner you will achieve close to nothing investing in the vast stock market all by your own, that's why there are professional stock broker and account managers to assist beginners achieve their financial and stock investment goals.
If you can get 1 million people to give you one dollar you’re a millionaire. Well actually no cuz taxes but you get it
Ali I really appreciate chapters on your videos!