The Fastlane Capital Allocation Model is the ONE CHART that answers every question about HOW and WHERE to allocate money. As described on the forum, or in the latest newsletter sent today.
https://www.thefastlaneforum.com/community/threads/basic-financial-intelligence-is-fastlane-some-simple-strategies-to-use-now.114670/
https://www.thefastlaneforum.com/community/threads/basic-financial-intelligence-is-fastlane-some-simple-strategies-to-use-now.114670/
β17β€14π₯12π10π₯°1π1
The whole idea of "Fastlane" goes beyond starting a business. It's a ideological response to the "well packaged web of lies" your culture is selling you.
For me, it has made me immune from the lies. As I wrote in the forum, here's how that feels: Imagine finding the wackiest, dumbest religion on the planet and going to their church to hear their dogma and drivel. The lies, the propaganda, the indoctrination, the theology, the BS -- all super simple to spot, easy to resist, and altogether, laughable.
That's how I feelβ and outsider who is trapped inside the church of the world's dumbest religion.
And when that religion tells you cigarettes are safe, the food you eat is healthy, and that their rushed vaccines are "safe and effective", you know to ignore the well-heeled preacher from the pulpit.
He preaches abstinence and frugality, and then leaves on a private jet.
You can't leave this church, but you can choose not to listen, comply, or believe. And this applies to any human, Fastlane or not.
For me, it has made me immune from the lies. As I wrote in the forum, here's how that feels: Imagine finding the wackiest, dumbest religion on the planet and going to their church to hear their dogma and drivel. The lies, the propaganda, the indoctrination, the theology, the BS -- all super simple to spot, easy to resist, and altogether, laughable.
That's how I feelβ and outsider who is trapped inside the church of the world's dumbest religion.
And when that religion tells you cigarettes are safe, the food you eat is healthy, and that their rushed vaccines are "safe and effective", you know to ignore the well-heeled preacher from the pulpit.
He preaches abstinence and frugality, and then leaves on a private jet.
You can't leave this church, but you can choose not to listen, comply, or believe. And this applies to any human, Fastlane or not.
π109β€58π₯27π9π3β2
In February...
A forum user said...
in the next 120 days i will make 17 long videos and 120 short videos
In September...
He said...
how many videos are in my channel ?
only 2 videos of which 1 is unlisted and other is a short video that was unintentionally uploaded
Expectation versus reality.
It's easy to say X, Y, and Z. It makes you feel good.
But doing X, Y, Z? That's hard.
This is basically what every new entrepreneur experiences ... excitement and grand proclamations (Easy) followed by little execution (Hard) ....
Expectations are everything. Start with your expectations before you even begin thinking about starting a business!
https://www.thefastlaneforum.com/community/threads/youtube-120-days-post-a-video-everyday-feedback-please.112435/
A forum user said...
in the next 120 days i will make 17 long videos and 120 short videos
In September...
He said...
how many videos are in my channel ?
only 2 videos of which 1 is unlisted and other is a short video that was unintentionally uploaded
Expectation versus reality.
It's easy to say X, Y, and Z. It makes you feel good.
But doing X, Y, Z? That's hard.
This is basically what every new entrepreneur experiences ... excitement and grand proclamations (Easy) followed by little execution (Hard) ....
Expectations are everything. Start with your expectations before you even begin thinking about starting a business!
https://www.thefastlaneforum.com/community/threads/youtube-120-days-post-a-video-everyday-feedback-please.112435/
π78β€25π₯10π©3π1
The Greatest Myth of Knowledge ...
This the most self-destructive myth that you absolutely need to fix. If you don't, you'll transform you into an unproductive Knowledge Zombie that achieves nothing.β
βοΈImagine holding a winning lottery ticket, but letting it expire in your walletβuncashed. Millions lost.
βοΈImagine joining a cutting-edge gym, learning all the lifts, and then never setting foot inside again.
βοΈImagine possessing a map to buried treasure but ignoring it because the journey might be inconvenient, uncomfortable, or demand a few sacrifices.
βοΈImagine mastering everything there is to know about the stock marketβRSI, Bollingers, Stochasticsβ to a level that could rival a billionaire hedge fund quant, and yet never buying a single share.
βοΈImagine owning a loaded gun, and when a serial killer kicks down your door, you freeze, and you get slaughtered.
βοΈImagine having the blueprint to create massive wealth as an entrepreneur, but instead of building the empire, you keep reading more books, tinkering with the idea, waiting for "the right moment."...
Each of these scenarios reveals the same brutal truth that kills more dreams than a 9-5 job: the myth of knowledge as power.
Because knowledge isnβt power.
Knowledge is latent, potential power.
Over the last 15 years, Iβve gotten thousands of reader testimonials.
Over time, I noticed an 80/20 pattern: two distinct types of responses...
READ MORE VIA FORUM...
https://www.thefastlaneforum.com/community/threads/have-you-become-a-delusional-knowledge-zombie.115319/
READ MORE VIA NEWSLETTER...
https://preview.mailerlite.io/preview/364132/emails/136087445009598305
This the most self-destructive myth that you absolutely need to fix. If you don't, you'll transform you into an unproductive Knowledge Zombie that achieves nothing.β
βοΈImagine holding a winning lottery ticket, but letting it expire in your walletβuncashed. Millions lost.
βοΈImagine joining a cutting-edge gym, learning all the lifts, and then never setting foot inside again.
βοΈImagine possessing a map to buried treasure but ignoring it because the journey might be inconvenient, uncomfortable, or demand a few sacrifices.
βοΈImagine mastering everything there is to know about the stock marketβRSI, Bollingers, Stochasticsβ to a level that could rival a billionaire hedge fund quant, and yet never buying a single share.
βοΈImagine owning a loaded gun, and when a serial killer kicks down your door, you freeze, and you get slaughtered.
βοΈImagine having the blueprint to create massive wealth as an entrepreneur, but instead of building the empire, you keep reading more books, tinkering with the idea, waiting for "the right moment."...
Each of these scenarios reveals the same brutal truth that kills more dreams than a 9-5 job: the myth of knowledge as power.
Because knowledge isnβt power.
Knowledge is latent, potential power.
Over the last 15 years, Iβve gotten thousands of reader testimonials.
Over time, I noticed an 80/20 pattern: two distinct types of responses...
READ MORE VIA FORUM...
https://www.thefastlaneforum.com/community/threads/have-you-become-a-delusional-knowledge-zombie.115319/
READ MORE VIA NEWSLETTER...
https://preview.mailerlite.io/preview/364132/emails/136087445009598305
β€43π28π20π₯19π―9
This needs to be put into your arsenal of assets and tools.
The newest AI breakthrough is coming from Google's LMNotebook. This is the first time in a long, long time that Google has done something that has impressed me and brought me back into their eco-system.
If youβre curious what this tech can do, I uploaded my second book, Unscripted, as a source, and asked the AI to generate a podcast based on the following concepts:
Value skew
Value competitions
Value attributes
Value thresholds
Not only it did this decently, enough to deliver understanding, but it summarized my core philosophy, CENTS.
If I were to grade the βAI hostsβ on their accuracy in capturing the essence of my work, it was about 90%, which to be honest, is freaking amazing.
Why? Because when humans summarize my work via book summaries, podcasts, etc, they tend to miss the mark and omit key information.
Here is a 16 minute podcast that it generated.
https://notebooklm.google.com/notebook/230ac98d-5dc2-4f5f-8254-127d1895cb38/audio
How can you use this tech in your business?
There is a forum discussion on this new tech, linked below where you can add your thoughts and use cases.
https://www.thefastlaneforum.com/community/threads/googles-notebooklm-another-ai-breakthrough.115422/
The newest AI breakthrough is coming from Google's LMNotebook. This is the first time in a long, long time that Google has done something that has impressed me and brought me back into their eco-system.
If youβre curious what this tech can do, I uploaded my second book, Unscripted, as a source, and asked the AI to generate a podcast based on the following concepts:
Value skew
Value competitions
Value attributes
Value thresholds
Not only it did this decently, enough to deliver understanding, but it summarized my core philosophy, CENTS.
If I were to grade the βAI hostsβ on their accuracy in capturing the essence of my work, it was about 90%, which to be honest, is freaking amazing.
Why? Because when humans summarize my work via book summaries, podcasts, etc, they tend to miss the mark and omit key information.
Here is a 16 minute podcast that it generated.
https://notebooklm.google.com/notebook/230ac98d-5dc2-4f5f-8254-127d1895cb38/audio
How can you use this tech in your business?
There is a forum discussion on this new tech, linked below where you can add your thoughts and use cases.
https://www.thefastlaneforum.com/community/threads/googles-notebooklm-another-ai-breakthrough.115422/
β€51π₯33π23
I wrote this a few years ago, but it always remains relevant.
It is a statement on purpose, comfort, and even, expectations.
Consider this.
You're in prison, and your MEANING/PURPOSE is to escape to FREEDOM.
You're speaking to a fellow inmate, Joe, and he says...
Joe: Hey man, we've discovered a way to escape this shit-hole and FREE yourself.
You: Yea? How?
Joe: In shitter number three, in the west bathroom, the bricks behind the toilet are all lose and you can crawl out behind it. Behind the wall there is a sewer pipe and freedom will be as simple as crawling through a sewer pipe filled with shit. You want in? We're going tomorrow.
You: Crawling through a sewer pipe filled with shit? That sounds disgusting, not to mention I have bad knees and shouldn't be crawling.
Joe: What? Have you heard anything I said? WE CAN ESCAPE THIS PLACE.
You: Yes I heard you, but crawling through a sewer pipe into freedom isn't how I expected to free myself. I don't like how that sounds and it kinda nauseates me. I'd rather wait until a more pleasing opportunity comes by. It be really nice to escape hiding in a bin of freshly laundered sheets.
Joe: But all the laundry is done onsite here at the prison, you'll never escape because that opportunity will NEVER come.
You: Oh well, I guess I'll remain a prisoner for the rest of my life. Besides, we get free food here.
What is the moral of the story?
Your refusal to embrace discomfort and unpleasant actions (crawling through a sewer pipe filled with shit) is what keeps you in prison. No, your dream opportunity of escaping in a stack of freshly laundered sheets isn't going to happen. Do the damn dirty work, or remain a slave.
This story came about as I read in another thread where someone mentioned that their meaning/purpose was quite simple: FREEDOM: To be free from SCRIPTED bull shit and to do whatever they wanted.
That type of MEANING/PURPOSE is the BEST because not all meaning/purposes are the same. Some, in fact, are detrimental to your success.
Why?
Because some meaning-and-purposes are all inclusive of action, behavior, and opportunity.
The more generalized your purpose, the better it will be in helping you conquer the world. Like our prison example, "freedom" is very generalized and suddenly ALL ACTIONS are considered, even crawling through a sewer.
Yet, the more specific your purpose, the worse it is.
(Note: We assume ALL actions here are ethical and legal.)
So when you confine your meaning and purpose to specific *things* -- say, I want to be the best race car driver on the planet! -- you RISK confining your action to a limited set of actions and opportunities. When the sewer opportunity floats by, you dismiss it. Meh, not sure how that will help me become a great race driver.
In other words, you will refuse to pursue other opportunities because they fall outside of your limited scope of purpose and vision.
So I'll leave you with this...
What is your MEANING and PURPOSE in life?
Is it general, such as "FREEDOM?" Or is it SPECIFIC and, perhaps, hindering?
And if it is a hindrance, what can you do to REFRAME it so you'll take advantage of freedom-making opportunities, discomforting actions that might resemble crawling through a sewer pipe filled with shit?
It is a statement on purpose, comfort, and even, expectations.
Consider this.
You're in prison, and your MEANING/PURPOSE is to escape to FREEDOM.
You're speaking to a fellow inmate, Joe, and he says...
Joe: Hey man, we've discovered a way to escape this shit-hole and FREE yourself.
You: Yea? How?
Joe: In shitter number three, in the west bathroom, the bricks behind the toilet are all lose and you can crawl out behind it. Behind the wall there is a sewer pipe and freedom will be as simple as crawling through a sewer pipe filled with shit. You want in? We're going tomorrow.
You: Crawling through a sewer pipe filled with shit? That sounds disgusting, not to mention I have bad knees and shouldn't be crawling.
Joe: What? Have you heard anything I said? WE CAN ESCAPE THIS PLACE.
You: Yes I heard you, but crawling through a sewer pipe into freedom isn't how I expected to free myself. I don't like how that sounds and it kinda nauseates me. I'd rather wait until a more pleasing opportunity comes by. It be really nice to escape hiding in a bin of freshly laundered sheets.
Joe: But all the laundry is done onsite here at the prison, you'll never escape because that opportunity will NEVER come.
You: Oh well, I guess I'll remain a prisoner for the rest of my life. Besides, we get free food here.
What is the moral of the story?
Your refusal to embrace discomfort and unpleasant actions (crawling through a sewer pipe filled with shit) is what keeps you in prison. No, your dream opportunity of escaping in a stack of freshly laundered sheets isn't going to happen. Do the damn dirty work, or remain a slave.
This story came about as I read in another thread where someone mentioned that their meaning/purpose was quite simple: FREEDOM: To be free from SCRIPTED bull shit and to do whatever they wanted.
That type of MEANING/PURPOSE is the BEST because not all meaning/purposes are the same. Some, in fact, are detrimental to your success.
Why?
Because some meaning-and-purposes are all inclusive of action, behavior, and opportunity.
The more generalized your purpose, the better it will be in helping you conquer the world. Like our prison example, "freedom" is very generalized and suddenly ALL ACTIONS are considered, even crawling through a sewer.
Yet, the more specific your purpose, the worse it is.
(Note: We assume ALL actions here are ethical and legal.)
So when you confine your meaning and purpose to specific *things* -- say, I want to be the best race car driver on the planet! -- you RISK confining your action to a limited set of actions and opportunities. When the sewer opportunity floats by, you dismiss it. Meh, not sure how that will help me become a great race driver.
In other words, you will refuse to pursue other opportunities because they fall outside of your limited scope of purpose and vision.
So I'll leave you with this...
What is your MEANING and PURPOSE in life?
Is it general, such as "FREEDOM?" Or is it SPECIFIC and, perhaps, hindering?
And if it is a hindrance, what can you do to REFRAME it so you'll take advantage of freedom-making opportunities, discomforting actions that might resemble crawling through a sewer pipe filled with shit?
π«‘75β€57π53π₯30π3π1
Folks, the latest Life in the Fastlane Newsletter is out...
-- American business owners, beware of this "scam" that isn't really a scam.
-- Check out Google's Notebook LM Artificial Intelligence Tech, it's a game-changer!
-- Why you aren't wired to know the world's problems, and WHY the Fastlane Forum could be the answer!
https://preview.mailerlite.io/preview/364132/emails/138360608903923594
Have a great week!
MJ
-- American business owners, beware of this "scam" that isn't really a scam.
-- Check out Google's Notebook LM Artificial Intelligence Tech, it's a game-changer!
-- Why you aren't wired to know the world's problems, and WHY the Fastlane Forum could be the answer!
https://preview.mailerlite.io/preview/364132/emails/138360608903923594
Have a great week!
MJ
preview.mailerlite.io
Beware of this *scam* that isn't a scam... π€¦
π35β€17π©2π―2π₯1π±1π€£1
Is it a PIVOT? Or part of the ACT, ASSESS, ADJUST process?
An entrepreneur on the forum wondered if he should pivot in his business.
Hereβs the thread:
https://www.thefastlaneforum.com/community/threads/time-to-pivot-or-adjust.116202/
A pivot indicates that your idea is not sound and has no demand.
The entrepreneurβs business venture is a pet memorial, so we absolutely know there is a demand for the product. (I actually bought several similar products).
The problem here is the entrepreneur has not acted, assessed, or adjusted in any meaningful way.
A pivot is warranted when...
1οΈβ£ You've significantly acted, assessed, and adjusted your advertising message and offer.
2οΈβ£ You've significantly acted, assessed, and adjusted your marketing channels.
3οΈβ£ You've significantly acted, assessed, and adjusted your store/offering page (this would be your landing page).
4οΈβ£ You've significantly acted, assessed, and adjusted your product
Before chalking up your idea as a failure with no demand, ask yourself⦠have you experimented with all these 4 factors?
π‘Have you relentlessly tested in each of these 4 silos?
Donβt make the mistake of thinking you need to PIVOT when you havenβt even scratched the surface.
Striking the pinata with a toothpick will not bust its goodness open.
- MJ
An entrepreneur on the forum wondered if he should pivot in his business.
Hereβs the thread:
https://www.thefastlaneforum.com/community/threads/time-to-pivot-or-adjust.116202/
A pivot indicates that your idea is not sound and has no demand.
The entrepreneurβs business venture is a pet memorial, so we absolutely know there is a demand for the product. (I actually bought several similar products).
The problem here is the entrepreneur has not acted, assessed, or adjusted in any meaningful way.
A pivot is warranted when...
1οΈβ£ You've significantly acted, assessed, and adjusted your advertising message and offer.
2οΈβ£ You've significantly acted, assessed, and adjusted your marketing channels.
3οΈβ£ You've significantly acted, assessed, and adjusted your store/offering page (this would be your landing page).
4οΈβ£ You've significantly acted, assessed, and adjusted your product
Before chalking up your idea as a failure with no demand, ask yourself⦠have you experimented with all these 4 factors?
π‘Have you relentlessly tested in each of these 4 silos?
Donβt make the mistake of thinking you need to PIVOT when you havenβt even scratched the surface.
Striking the pinata with a toothpick will not bust its goodness open.
- MJ
π50β€22π₯10π―4π©2π€£1
From the forum there is a thread that questions if higher education is really a waste of timeβ¦
https://www.thefastlaneforum.com/community/threads/is-higher-edjucation-really-a-waste-of-time.113333/
This was stated:
βHowever, Iβm a 21 year old kid with absolutely no knowledge about managing my own company.β
Really?
Notice how this statement is said as if some of us are lucky to be born with such a talent like it is a physical characteristic such as race, height, or eye color.
No one is born with this knowledge.
No one is gifted with this talent.
Do you know what would give you precise knowledge about managing your own company?
Education.
π You can use education to learn the systems of wealth creation.
πΌOr you can use education to learn the systems of survival and "just getting by.β
The choice is yours.
https://www.thefastlaneforum.com/community/threads/is-higher-edjucation-really-a-waste-of-time.113333/
This was stated:
βHowever, Iβm a 21 year old kid with absolutely no knowledge about managing my own company.β
Really?
Notice how this statement is said as if some of us are lucky to be born with such a talent like it is a physical characteristic such as race, height, or eye color.
No one is born with this knowledge.
No one is gifted with this talent.
Do you know what would give you precise knowledge about managing your own company?
Education.
πΌOr you can use education to learn the systems of survival and "just getting by.β
The choice is yours.
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π57β€25π₯8π€4
This is what Bad Math looks like. Here is the full story (ungated article at Fastlane)...
https://www.thefastlaneforum.com/community/threads/bad-math-why-youll-never-get-rich-or-will-you.117273/
https://www.thefastlaneforum.com/community/threads/bad-math-why-youll-never-get-rich-or-will-you.117273/
π51π₯18π’18β€10π€£4π1
How to create passive income immediately with less than $1000 in assets.
Here is a list of my favorite assets that pay income monthly and quarterly. Article is un-gated, comments are private.
https://www.thefastlaneforum.com/community/threads/passive-monthly-quarterly-income-my-favorite-money-system-assets.117391/
This is part of the Fastlane Capital Allocation Model which is posted above in an image.
Here is a list of my favorite assets that pay income monthly and quarterly. Article is un-gated, comments are private.
https://www.thefastlaneforum.com/community/threads/passive-monthly-quarterly-income-my-favorite-money-system-assets.117391/
This is part of the Fastlane Capital Allocation Model which is posted above in an image.
π37β€23π₯3π2π€£2
Today's note on Entrepreneurial Expectations:
The entrepreneurial game doesn't have an end game, unless you sell.
Owning a business is ALWAYS on.
Think of it as a car engine.
It's always running.
Sometimes high RPM, sometimes low.
But always on.
A job?
It runs 5 days a week at high RPM, then shuts off on Friday afternoon, starts again Monday.
Be prepared for your engine to always be on, Acting, Assessing, and Adjusting, until that one day you SELL.
The entrepreneurial game doesn't have an end game, unless you sell.
Owning a business is ALWAYS on.
Think of it as a car engine.
It's always running.
Sometimes high RPM, sometimes low.
But always on.
A job?
It runs 5 days a week at high RPM, then shuts off on Friday afternoon, starts again Monday.
Be prepared for your engine to always be on, Acting, Assessing, and Adjusting, until that one day you SELL.
π125β€50π₯11π6π5π±1
Folks, the AI Revolution is evolving exponentially.
Itβs going to change the world, and not a lot of it will be good.
The question is, what side will you be on β the side where it changed your life for the better, or worse?
If you would like to discuss the emergence in real-time, the forum has an ongoing discussion thread that is practically updated daily.
https://www.thefastlaneforum.com/community/threads/the-artificial-intelligence-ai-random-chat-thread.116192/
The latest post was from someone who had The Millionaire Fastlaneβs book cover redesigned in American 50s retro style.
Whatβs interesting is the cover was incredibly doneβ and the AI did not SCREW UP the words.
AI image generation is always lacking because the AI never gets the words right.
But have they finally fixed this?
Do AI image generators now get the words right?
Whatβs your experience?
FYI: This cover is from ChatGPTβs latest model, the one that costs $14.99.
For perspective, AI is like the dawn of the car, electricity, and the internet...
IT WILL CHANGE EVERYTHING.
Itβs going to change the world, and not a lot of it will be good.
The question is, what side will you be on β the side where it changed your life for the better, or worse?
If you would like to discuss the emergence in real-time, the forum has an ongoing discussion thread that is practically updated daily.
https://www.thefastlaneforum.com/community/threads/the-artificial-intelligence-ai-random-chat-thread.116192/
The latest post was from someone who had The Millionaire Fastlaneβs book cover redesigned in American 50s retro style.
Whatβs interesting is the cover was incredibly doneβ and the AI did not SCREW UP the words.
AI image generation is always lacking because the AI never gets the words right.
But have they finally fixed this?
Do AI image generators now get the words right?
Whatβs your experience?
FYI: This cover is from ChatGPTβs latest model, the one that costs $14.99.
For perspective, AI is like the dawn of the car, electricity, and the internet...
IT WILL CHANGE EVERYTHING.
π82π₯41β€19π―6π5π3
Which marketing channels consistently deliver results, and which ones fall flat?
We're diving into this question with a poll on the Fastlane Forum to explore the most effective marketing mediums.
Cast your vote or check out the current results to see whatβs resonating.
While the success of marketing often depends on the product or service, these insights reveal which channels people trust when discovering new businesses to buy from. Vote, review the results, or join the discussion here:
https://www.thefastlaneforum.com/community/threads/vote-what-marketing-medium-worked-on-you-and-you-bought.118152/
Have a great weekend! MJ
We're diving into this question with a poll on the Fastlane Forum to explore the most effective marketing mediums.
Cast your vote or check out the current results to see whatβs resonating.
While the success of marketing often depends on the product or service, these insights reveal which channels people trust when discovering new businesses to buy from. Vote, review the results, or join the discussion here:
https://www.thefastlaneforum.com/community/threads/vote-what-marketing-medium-worked-on-you-and-you-bought.118152/
Have a great weekend! MJ
β€24π16π₯6
Is AI truly thinking out of the box?
Or is it boxed thinking, to the Nth degree?
I asked 4 different AI platforms to pick a random number from 1 through 25.
Every one returned with 17.
Every. Single. One.
Or is it boxed thinking, to the Nth degree?
I asked 4 different AI platforms to pick a random number from 1 through 25.
Every one returned with 17.
Every. Single. One.
π€―87π€£23β€15π€¨12π9π₯7π±6π5π3π―2