20 Lessons From The Millionaire Fastlane That Changed My Finances
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- เผยแพร่เมื่อ 28 พ.ค. 2024
- These are 20 lessons fromThe Millionaire Fastlane that changed my finances forever and is my new favorite book on money. from saving money to investing in yourself and making more money The Millionaire Fastlane is a game changer for most people and i couldn't recommend it enough. The Book That Changed My Financial Life 🤑
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What's the name best money book you have read?
The Zurich Axioms by Max Gunther
How to Turn Lemons into Money: A Child's Guide to Economics written by Louise Armstrong illustrated by Bill Basso.
It's a rare children's book that has been long out of print and it's also quite possibly the most clear and concise primer on basic economic principles that's ever been written. I was probably not even six years old the first time I read it.
@@epicnamepwns1242 I've read this when i was younger but forgot what it teaches 😅
The Simple Path to Wealth by JL Collins
The Total Money Makeover, by Dave Ramsey.
This book changed my life too! I read it when I was going through a burnout and it made me quit my job and literally flip my life around. I haven’t figured everything out yet but I am much happier with the 7-0 than the 5-2. Cheers!
That's awesome! I think the 7-0 with an amazing dream in mind is way more enjoyable
no tesla put in the market and compund investment
That first one hits. I’ve been lately getting so irritated with people complaining about their lot in life (financially). They just need a paradigm shift. They don’t realize that they can change the whole thing in an instant
Obviously there are some things outside of your control but if you blame everything on other people you're saying you can't change anything which is super depressing
@@GabeBult absolutely. I feel this video is mainly intended for a first world audience. Baring a tragic health event, most first world people have more control of their lives than any humans ever have. You don’t have to work at a low paying job just because that’s what you e BEEN doing. It’s like when people say they “hate working retail” but continue to do it… for YEARS.
@@GabeBult I’m glad you said this because I often wonder where your thinking would be if life had just gone a different way. Sh- happens. I have two daughters who both have a chromosome triplication. The daily financial ( not to mention emotional and spiritual) tole is beyond measure. I know you have an idea of what I’m saying. The uncovered medical expenses, even with “good” insurance is INSANE. so, I wouldn’t change anything, but have become a little psycho about trying g to control what I can financially because there IS so, so ,so much I couldn’t/ can’t control financially ( first OHS at two months and on and on). I want everyone to spend a day in my daughters’ school,or in a pediatric cardiothoracic ward ( burn ward, oncology ward or similar) just to check themselves from being callous to the reality of sh- happens, serious sh-, and generosity is so key. The needs of families we have seen on our journey takes my breath away. Don’t ever become callous everyone!
Easier to complain than to work to make a change for many people🤷♂️🤔
Love the ownerships and "TAKE CONTROL" attitude
What blows my mind about making money isn’t what we do it’s how many people we can just convince.
I LOVE THAT BOOK! I’ve read it twice. It’s a great read and the best advice😍 Seriously one of my favorite books as well!!!😀 Thanks for
all your amazing work Gabe! Your TH-cam’s are my favorite to watch!
Ok, I subscribed. Thx!
Brilliant as always! Love that idea of the money tree 🌴 The 7-0-0-7 love it I'm thinking of a business that will help a million people but starting with 10 for now. I definitely have the time. Going to read the book
Super Cool ! Very helpful . Thank you so much
Before starting a farm, read Joel Salatin’s books. His books changed my life. The world would be a different place if only 10% of the population read a book by him
I'll check that out thank you!
Yes! I second this! He is a great resource!
Pliz share me that book. Got time off to read that
dude described monetizing hobbies like its a new concept... jokes aside your approach to money is rly simple and easy which is what i like. tired of everything being so complicated
Great video man!
Definitely one of the best finance books I’ve read. I feel like it gives actionable steps and real substance that other books lack.
Love it. Much easier to comprehend. 😊😊😊😊😊👋
The internet is saturated with these kinds of videos. The assumption TH-camrs and Podcasters always make is that working a 9-5 is terrible and everyone hates their jobs. To the contrary, I love my job and I get paid relatively well for doing it. I love going to the office and being around my colleagues. My job gives me purpose and a feeling of satisfaction. Sure, I’m not a billionaire and I cannot afford a Ferrari but I have zero interest in buying a Ferrari. I live very comfortably in a nice home and can afford a couple of foreign holidays per year. I spend my free time with people I care about doing things I enjoy. By living life in the “slow lane” I should be able to retire comfortably in my later years if and when I choose to. I have something a billionaire will never have (i.e. enough).
I’m very glad someone finally said this. These TH-cam videos sometimes make people feel bad for living a content life.
Great advice. Thanks for the great video Gabe!
Thanks 👍
I’m enjoying this book right now!
Definitely some major mindset shifts from the slow lane… I think if you take the practices from the slow lane and apply them to yourself while chasing the fast lane, then you’ll have a perfect dynamic of saving and investing while also earning big. Although we know very few people will achieve that. My thought is that I don’t necessarily want the fast lane because once you earn all of that money, what are you going to do with your life? We are made to find purpose and fulfillment from work, so whether or not you have money or not you’re going to want to have something to do each day, you would have the freedom to choose what you want to do, but you could have also just chosen a job that pays well and you find fulfilling. Life is horrible if you have nothing to do and no one to help.
I liked your thoughts, agree 100.
Thanks for the great video Gabe. I have just got the book on audible.
Love this video, you've convinced me to buy the book. I kept trying to find it for free at the library (because frugal) but they don't have it. I love the last point on your list of how to get rich quickly - give them hope. So beautiful. I'm definitely taking this advice to heart in my future videos. Thanks for shifting my inner dialogue thought process❤
A great video again. I really enjoyed your commonsense approach to money.
Thanks 👍
Hope I can find this pdf or at the library! Doing no spend for a few months hahaha. Thank you for the recommendation and thanks to everyone who also added their recommendations!
Thank you for sharing! This one is definitely on my to-read list!
It's a great read!
Wow, so 👏 good 👏
I need to read this one!
Thanks for sharing Gabe. I read this a few years ago and got some good insight.
That's awesome! Probably the best book I've read recently on money
Agreed! keep up the good work@@GabeBult
Absolute masterpiece.
I do like the rich roll quote at the end there 🤙
Agreed. One of the best books out there!
Really enjoyed this video Gabe!
Thanks 👍
Thank you
🙏
I currently reading it, a fascinating book. Wished you spoke also about the 5 commandments mentioned in the book. Hope to see that in another video...
Great informative video.
Great video!
Thanks! It's an amazing book
Hi Gabe,
I will be definitely getting into one of your recommended books. And wealth is definitely a process it takes time and determination 😊
100%, it doesn't happen by accident so you need a plan and if your plan aims low you'll land low
All so true
Love this book!
100%
Gonna buy this book soon... thank you Gabe 👍🏻
Hope you enjoy it!
@@GabeBult i will since it's suggested by you 😊
Hi Gabe, I recently discovered your content, and I think it's great! What do you think about sharing info to your viewers on career choices that may serve as an alternative to business ownership? Being a business owner can be quite stressful, and may not be the best option for everyone.
I LOVE THIS GUY, WE THINK A LIKE!👏🏽👏🏽👏🏽👏🏽
Now if I could just take his advice and stop scrolling and start writing and creating, maybe I will make those millions. I'm even ok with thousands😅😅😅😅
This book was great!
@@GabeBult 😊
I like this video because I can relate to it. Whilst working full time for someone else and often at weekends too I carved out a little time to write a book that helped people. Then another. Then some more books. Now I don’t work for anyone else. I’m not a millionaire and probably haven’t therefore affected a million people but every one of those 24 hours a day is my own to do what I like doing. Which fortunately is writing books. And yes, for most of my ‘employed’ life I was on an extremely low wage, did not have rich parents or inherit anything. Fortunately my aspiration was always to have more time to myself (rather than material possessions) so it helped that I’m content with a simple life. Thank you for putting this video out there. It will no doubt spark some people. 😊
This is incredible. You make everything clear, simple and appliable. Thank you for your content
Hi Gabe, I like your content a lot because I think we have a similar philosophy about money.
I am currently in the slow lane and trying to transitioning to the fast lane, (according to that book). I heard a lot about that book from entrepreneurs that I follow including you. Definitely I will read that book. Thank you for sharing the highlights of it.
Definitely a good read it changes your mindset for sure
I love the 7007 rule. I did it. It can be done!
Amazing book! Love MJ DeMarco! If you haven’t read his newest book, deeefinitely give it a read, he literally combines both his first books and summarizes them into all the policies, ideas, etc into one and has a story that goes along with it!
Would you mind sharing any of his latest that you find worth reading?
I see, back too that new tesla again ;) Side note, The new Tesla model 3 facelift has so many small improvements. Ideal time to get one soon perhaps. Cheaper too vs the old one. If your getting a new one
Just read and this is a top 3 book book I’ve read this year. I liked his lebron James analogy
I like your frank content
How old were you when you moved out originally? Love the content!
Unfortunately, this advice only works for starting a business, being an entrepreneur to affecting millions, etc. Being in the military, which protects/affects millions, won’t make you rich. It automatically puts me in the slow lane, but at least I know I’m helping the rest of the country get rich 😢
Don’t feel bad. This content has good wisdom, but it also shouldn’t apply to everyone. We need teachers, military, etc. godliness with contentment is the greatest gain. Don’t aspire to be “rich” or “better” than the other 99%. It’s a vain way to live. I think Gabe loves what he does and does it for a deeper purpose so it works for him.
The best way to get good at putting money together is to stop focusing on money. Focus on skills.
Skills pay the bills.
In a similar way that top chefs do not focus on recipes or restaurants. They focus on ingredients, flavours and techniques.
A fair bit of luck is also involved in influencing millions of people on top of the hard work. Plenty of authors with books at least as good as Harry Potter who don't make it big, but good luck to them. May the algorithm gods be with you.
hey i am rich i did use dividend by 30 also this a great book
MJ Demarko is a legend!
Love the book but to be honest, 95% will not even take the slow lane and saving 10-15%…
That's true. The goal is not to be normal though
Hi Gabe,
You mentioned a book about one thing.
Could you give me the full title and who the author is please? Thanks!
By the way...SCREW what other people think!!!
12:17 plans are worthless without action
100%
Greatings from Poland!❤
👋
💯✊
“You need to raise your value to society.” I dunno if that works in the US but in western Europe it doesn’t. The most important jobs in 1st world countries are those that make sure people get educated, that make sure people can actually get to work, or that make sure people stay healthy. Yet, teachers, bus/train drivers, people working in daycares, and people working in healthcare get a very low pay here. At the same time there are people who just grab all the money they can at the cost of other people, the planet, and even at the cost of society and businesses (talking estate agents, people working the stock markets, etc) who get all the money while they have no value to society. And they complain when low paid people can’t take care of their kids or drive them to works because then they can’t grab more money.
He's talking about scaling up the value, not doing something more valuable. So can you help a million people get healthy instead of ten? Educate thousands instead of hundreds etc. A small value to millions is more financially profitable than a large value to one person (i.e. designing an app is sometimes more profitable than a brain surgery). It's silly but true.
Did i miss the part about the Fast Lane? or was it just not mentioned?
❤❤❤
I think it's a bit simplistic to say it's your fault for taking a job that pays $11 an hour if there aren't other jobs available to you in that moment. You take the best you can find, if $11 is the only thing what's available then that's what you take. How stupid to talk down to people as if they haven't already thought about getting a hire paying job
What he means is don’t take the job because it limits your ambition it traps you. If you don’t take the crap paying job you can and will have to start something your self and this will make you far more money in the long run instead of taking a safety net to being a pawn
@@claytonmerriman9920Yeah, only people with mommy and daddy’s money can afford to work for 0 dollars and still not starve to death.
@Muralath I think a more accurate representation of the argument is that you shouldn't get complacent. You may have to take the low pay job just to get by, but you should be spending any and all free time you have developing skills and looking for better opportunities.
You can literally take an apprentice trade job and make $25-30 per hour. It’s not the job markets fault, but the lack of some ppls vision or work ethic.
I think you take what you can to pay the bills and keep building on top of it… that’s just my 2 cents
1,2m is not enough for retirement?
No, do the math. You retire with 1,2m at 62 and you become 85 or 100. prices will increase drastically and your needs too.
yeah plus you'll be all jacked up and need to pay insane medical bills and probably have to pay for people to help you@@sebastiankleber8810
Inflation will eat that 1.2M alive
Nice book list. A Teenager’s Guide on how to Invest Like Warren Buffett and Charlie Munger is a great book for new investors.
I sent this video to a young man in desperate need of guidance.
I hope he'll learn to stand on his own, because, whoooo, does he have a hard time goin'!
Also, thanks for reminding me to develop that "two sentences a day" habit for writing. I really think I could be remembered as a great writer some day, and I hope that dream becomes a reality. If nothing else, I'll be remembered as a niche pioneer!
Not my favorite of your videos, but keep it up!!
Edit- you say you trade five hours for two days off (sounds pretty good) Think it should be five days.
Guys. Get an education in a paying industry or go into the trades. Live below your means, enjoy your life.
None of us are the next Bezos
At 8:54 you say, it’s completely free to subscribe to youtube channels and watch your videos. It’s crazy that we haven’t subscribed to you.
However at 9:32, you also say that time is the most valuable possession and it’s completely insane to stand in a lane to get free stuff (or doomscrolling, which is how I discovered you).
You're totally fine to unsubscribe and never watch me again lol most stuff is not useful that is on here a few things can improve your life I'm trying to be one of the few things that can be improve your life
@@GabeBultno sir, this was actually an awesome video. So much noise out here in the garb of personal finance, but your content is relatable, actionable, and totally entertaining! I was just being a bit cheeky as those 2 conflicting messages were funnily so close to each other. No offense, have a good day!
We r truly out of control if we can retire on 1.2 million.
Good advice. But just stack Bitcoin and wait a bit is a better strategy.
Not 10 years.
Five years brother.
From the moment you 'line up your ducks' it takes 5 years to make it.
Wow you said stocks are in the slow lane and now you are sponsored by webull😂
I need to win the megabucks.
Atomic Habits has to be up there in the top 5
Along with The Millionaire Fastlane haha
That's definitely one of my favorite books on habits
So people earning minimum wage have no value to society... wow.
Minimum wage hasn't risen with inflation for decades but the value minimum wage jobs have to society hasn't changed e.g if you stack shelves for a living, if you clean the streets etc. I think you need to reevaluate your views and get some perspective 😑
Start with zero money and become a millionaire, see how its all about hard work and mindset then.
Never waste your money on fake processed food.
If you buy a farm you need a truck not a Tesla
Or Tesla truck 🚛 lol
WTF? I watch one video of this guy about minimalism and the next is on getting rich. Can someone please explain to me how they correlate?
Give me one example of a revenue earning business that simplifies your lifestyle please?
I guess I don’t understand what he’s to ultimately accomplish?
You see yourself living a sustainable lifestyle growing and creating resources in farm from your land?
Then go do it. Money trees don’t exist bro. Why are millennials trying to find ways to make money they can spend during the “free” they aren’t doing that?
Figure out where you want to spend your time and do it.
Farm? Go farm, it also makes money. Travel? Be a guide or anything in the travel industry.
Stop everything your f*king doing, learn basic economics by book class course I don to care and figure the F out what makes you happy when you spend your time doing it and DO THAT.
Anything you can imagine that can be done is also a job. Every hour of your life your doing something else is called having your head up your butt.
Dude who got lucky enough to get big enough to earn income from TH-cam tells people who are getting laid off that it's their fault they work at a company. Classic.
Why is it always 'a guy' ? 😢
that's yet another bs video, thanks
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