The Millionaire Fastlane is a book recommended in one of the Financial Forums I’m browsing around on facebook. And like the title of the book, I browsed the book and skim read as fast as I can too.
Well, in this fast phased world, very few have the luxury of time.. And while I still have that luxury (of time), I should take advantage of it and educate myself on my finances. As far as handling money, so far so good to the point that I’m bringing family members in my trips already (thank you piso fares and discount accommodations from friends).. but my
greedy contentment level is not yet met specially that this freelancing life has it’s ups and downs.. as Steve Jobs said, stay hungry stay foolish.
Anyway, here’s some points to ponder from the book:
People retire in their 60s or 70s. Even at that age, they struggle to make ends meet and have to rely on bankrupted government programs just to survive. Others work well into their “golden years” just to maintain their lifestyle. Some never make it and work until death.
When a 20-year-old sells his Internet company for $30 million dollars, you read about it on a tech blog. The event is lauded and showcased for all to admire. Sidelined is the process—you didn’t hear about the long hours of coding the founder had to endure. You don’t hear about the cold dark days working in the garage.
Had someone gifted a Lamborghini to me (or any dream) when I was 16 years old, I can guarantee you I wouldn’t be where I am today. When someone grants you your desires without you exerting any effort, you effectively handicap process… There is no wisdom or personal growth gained in a journey that someone else does for you. The journey is yours.
Wealth isn’t as ambiguous as it may seem. The happiest moments in my life were when I felt
true wealth. And guess what? It wasn’t the day I bought my first Lamborghini. It wasn’t the day
I moved into a big house on a mountain or sold my company for millions. Wealth is not
authored by material possessions, money, or “stuff,” but by what I call the three fundamental
1. Family (relationships)
2. Fitness (health)
3. Freedom (choice)
Corporate politics and job cuts invade Henry’s career, forcing him to work longer hours. He assumes other territories once covered by recently laid-off workers. Henry commutes two hours daily and is mandated to cover the entire Eastern seaboard. He’s either on the road, in a plane, or sleeping. The long hours have disturbing clarity:
Henry rarely “lives” at his dream home, and when he does, he spends it sleeping or recharging from the hustle of the workweek.
Normal is waking at 6 a.m., fighting traffic, and working eight hours. Normal is to slave at a job Monday through Friday, save 10%, and repeat for 50 years. Normal is to buy everything on credit. Normal is to believe the illusion that the stock market will make you rich. Normal is to believe that a faster car and a bigger house will make you happy. You’re conditioned to accept normal based on society’s already corrupted definition of wealth, and because of it, normal itself is corrupted. Normal is modern-day slavery.