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  • There are really three financial paths... The sidewalk, the slowlane, and the fastlane.

  • The sidewalker is basically your average person living from paycheck to paycheck.

  • No matter how much he earns, he'll match it with how much he spends.

  • Sidewalkers can actually have a huge income. Let's say someone like a professional athlete.

  • The problem with being a sidewalker however, is having no financial intelligence or responsibility

  • whatsoever. So if something goes wrong, if you lose your

  • job, if you aren't needed anymore, you're basically screwed.

  • This is why you'll see even professional athletes who made millions at one point be completely

  • broke now. Don't take the sidewalk.

  • Then you have the slowlane. This is basically your standard: go to school,

  • get a decent job, save 10%, invest it in the stock market,

  • hope it grows at 7% interest annually. And... When you're 65 (that is if you aren't dead

  • and can still walk), you can be a millionaire. Yay!

  • So why does the slowlane suck? Well, because I don't want to drive around in my favorite

  • car when I'm 65, I want to do it while I'm still young.

  • It's also like selling your soul for 40 years, so that when you're in a wheelchair,

  • you can finally start having fun. Not that different from what people do on

  • a weekly basis actually... Sell Monday through Friday, for two days at

  • the end of the week, and do that over and over again.

  • With that said, I actually think that sadly, this is the best strategy for most people.

  • Why? Because most people aren't capable of meeting the demands of the fastlane.

  • And the slowlane is definitely better than the sidewalk. More on this later.

  • Now let's talk about the fastlane. The whole idea of the fastlane is this: the

  • more value you give to the world, the richer you will become.

  • And I absolutely hated hearing those kinds of quotes and things when I was young.

  • It sounds so esoteric. How do I get rich if I give? It makes no sense.

  • The reason it made no sense was because of how the principle was explained to me.

  • I thought, "Okay, let's say I go outside right now and hand my money out, how will that make

  • me rich?" And it won't. I was right. But, had it been

  • explained to me right, I wouldn't be so confused. So if you went outside right now with a $1000

  • and gave 10 people a $100 each, that would actually be one of the lowest forms

  • of giving possible. The person will take that $100, engage in

  • mindless consumerism, and basically end up in exactly the same situation

  • as when he started.

  • What would be a higher form of giving? Well, if you went into your kitchen right now,

  • and created a pill that could cure cancer, that would be one of the biggest things you

  • could give to the world. That would be a higher form of giving.

  • And yes, you would be absolutely rich, well... Assuming you weren't completely naive and

  • knew how to protect your invention. The general rule is this: the more value you

  • provide to more people, the better you will do.

  • Sounds great right? So why do I say that the slowlane is actually a good strategy for most

  • people? Well, because realistically speaking, most

  • people have not developed themselves where they can give something of true value

  • to the world.

  • The biggest criticism this book gets is, "Well, but MJ, you're misleading people.

  • Most people can't create a successful product. Most people can't create a successful business."

  • And every time I read something like that I get nauseous. No! No! Like, NO!

  • Stop blaming MJ. Stop blaming the book. Stop blaming anyone else!

  • If you aren't capable of giving tremendous value to other people, that is your fault!

  • Take some goddamn responsibility! If you want to be in the fastlane, stop watching Netflix

  • and go the library.

  • Speaking of Netflix and the library, that was my life for four years in college.

  • Classes would end and I would head to the library, pick up a book that I was going to

  • read that night, come back to my room, and my roommate would

  • watch Netflix for the next 8 hours while I read.

  • What did that do? Well, that put me in a position where I have given value to over 10,000 people

  • in a few months. What if my roommate decided he wanted to start

  • a YouTube channel? What would he start it on? He has nothing

  • to give. That's not MJ's fault. That's not the book's

  • fault. That's my roommate's fault.

  • So why would I personally never pick the slowlane? First of all, I would have to sell my life

  • in the form of time, the most valuable commodity I have.

  • And, I know I can give value to the world, and a 7% return is just ridiculously small.

  • On my investment into FightMediocrity this year, I'm going to get a 10,000% return.

  • Yes, not 7%, 10,000%. And that's being conservative and assuming I don't put out a product.

  • That's another huge benefit of producing instead of consuming.

  • There is no limit to how much you can grow your business.

  • You can easily double your business in months, but can you easily double your salary in months?

  • Haha... Yeah, go into your boss' office and say,

  • "Hey, I would like to go from $20/hr to $40/hr in the next 3 months," and see how that goes.

  • Sadly, with all this said, the best option for most people is still the slowlane.

  • But, being in the fastlane isn't impossible. Even if you aren't really in the position

  • to give anything to the world right now. As long as you're developing yourself the

  • right way, you can be. The more people you help, and the bigger the

  • magnitude of your help, the richer you will be.

  • This is why Bill Gates is rich and the cashier at your store isn't.

  • It's very simple, Gates has provided bigger value to more people than the cashier has.

  • But again, remember, if you want to be in the fastlane, if you want to be able to give

  • to the world, you're going to have to spend a little more

  • time in the library and a little less time in front of the TV.

There are really three financial paths... The sidewalk, the slowlane, and the fastlane.

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