Newsflash: Fastlane is your only hope. Not stocks. Not Crypto. Not jobs.

[MJ DeMarco]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

 

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[MJ DeMarco]

Forgot to mention how "Forex" was a big one in the late 2000s. Tons of "gurus" selling get rich Forex programs, and people coming here saying it was going to be their "Fastlane". Not one of them every reported any kind of success, near-term, or long-term.

 

[Fox]

Ya, I am going to put my hand up here and say I got into crypto with no real advantage or special insight.
So - I went up some, down some, and up some, and now down some.

And while I profited overall, I mostly just lost a lot of focus and time that could have gone into my main biz.

So the big lesson for me has been to stay focused on what I know and can control.
I get crypto can be super Fastlane for some, but not for those who are basically just gambling on the side.

I actually sold all my crypto around two weeks back to commit to full focus on my main business.

 

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[Kung Fu Steve]

I've been called an idiot way too many times for pouring into my business... but nothing can produce the returns that a business can. To each their own I guess.

I doubled my crypto and got out ...chips off the table!

 

[Johnny boy]

Whenever I’m in a casino, either taking middle aged peoples money in poker or supporting a mma fighter friend of mine by watching him fight at the events center, I walk by these people sitting at the slots. I think these people are absolutely retarded. I think you need an IQ of 60 to sit at a slot machine.

“Durrr…maybe I’ll get lucky…haha lights go flash flash, make fun sounds huhhuh durrr”

All of these other trend hopping schemes that are wildly popular are just slot machines. Same logic, same emotions behind it, same everything, except with a couple of steps. Same emotional intelligence level, slightly higher IQ level.

 

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[Trait]

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

Fellow third worlder here. While it is true that making a million dollars from a fastlane business is about 5 times harder (the number varies from country to country) if you are only serving local customers, you should also take in to account how low the cost of living is in underdeveloped countries. It will only take 200k USD in Bangladesh(my place) to be financially free for 3 decades. In US minimum would be 1 million.... See the difference? The only major disadvantage of a 3rd world country is that our currencies are weak. But that can also be used as an advantage using the internet, especially with software and freelancing.

Another advantage of a third-world country is copying companies that become a success in the US. Just that day I saw a new company that is just an online travel ticket booking site and is very successful because it had no competitors..

"But achieving it costs 2 million times more and effort." Its just about 5x harder to make a Million but do you need a million in the Third world? 300K would set you up.

"Third world countries are bankrupt" not really only a handful few are. That being said its 2 million times harder in countries that are war-torn and actually bankrupt eg - Syria, Afghanistan, Sri Lanka.

I think you are just being extremely pessimistic, the US produces so many millionaires because they earn in dollars. If you made a survey that measured how many people have 300K(or whatever money that is relatively equivalent to a million in your country) the percentage of the population would still be the same as it's just how capitalism works.

 

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[MJ DeMarco]

I understand that you will not like what I have written.

Not at all.

I understand and agree that people in underdeveloped countries have it much harder.

But I still believe "Fastlane" (or small business) is the only escape, especially with the internet making "borderless" commerce much easier.

But yes, success is more difficult.

Those of us born in more developed countries definitely drew some lucky cards.

 

[MTF]

Ya, I am going to put my hand up here and say I got into crypto with no real advantage or special insight.
So - I went up some, down some, and up some, and now down some.

And while I profited overall, I mostly just lost a lot of focus and time that could have gone into my main biz.

So the big lesson for me has been to stay focused on what I know and can control.
I get crypto can be super Fastlane for some, but not for those who are basically just gambling on the side.

I actually sold all my crypto around two weeks back to commit to full focus on my main business.

DCAing is the solution. It takes me like 20 minutes a week. Other than that I spend zero time on it and any ups/downs don't really bother me.

 

[MJ DeMarco]

As more crypto bros find out they wasted the last 10 years of their life using crypto as a "business" versus as a speculative asset ... BUMP.

BTW, I do believe crypto/BTC will survive and emerge stronger. But it remains a speculative asset, and always was.

 

[Mathuin]

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

I was always surprised to see the crypto hype on here.

 

[Kevin88660]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

Most HNW clients in private banks are Business owners. Definitely over 95 percent.

The next bet that come closes to being a CEO of a decently sized company.

This means that investing/trading your own money to become rich is exceptionally rare.

If you are a professional manager managing other people’s money then it becomes a business that has some scalability.

 

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[capito]

what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

 

[Dami-B]

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

Hey man, my business operates from West Africa, and I can give you a tremendous amount of challenges and difficulties that will fill threads of what it takes to operate a business in the third world, but honestly we live in a world where the internet has made us all more interconnected and the opportunities are so much more abounding that you just have to chase after them.

I'll suggest you watch this MJs video below, it's a roadmap to get you from where you are to where you need to be -

View: https://youtu.be/r_58zPgArb4


What skills do you have?

You can devote some time to learn a new skill that you can serve with across borders, I learnt no code development specifically bubble and have already worked with 2 clients from the U.S and Dubai and that was a skill I picked up for fun purposes.

All the best in your journey!

 

[DougRMR]

When you live in third world countries like I do, fastlane is not a word that is said the same way as in the US.
The United States has more than 20 million millionaires. US creates 2 million millionaires per year. There is no other country in the world that does such a thing. Therefore the Fastlane occurs naturally.

Third world countries are bankrupt. Some going into default, with a currency devaluation of more than 70%. The decapitalization of companies is enormous, many close, others flee.
How do you set up a fastlane business when consumers and companies are playing small, because most fall into the range of poor mini-companies. The competition in every niche is fierce. There is no purchasing power, something essential. Consumption is vital. A dynamic economy is vital. Abundance of capital moving is vital.

Entrepreneur? If possible. But Fastlane in a third world country? Neither time nor scale occurs in a decade. It takes many years to build a fastlane business, if not generations.

The only businesses that are making it to fastlane in my country are software companies. Let's speak clearly. One in a thousand does. Few reach the top. And guess what? 85% of these companies open subsidiaries in the US, from where they obtain their profits. Why will it be precisely in the US?

Software development is not for everyone.
So what else are we left with? Another youtube channel? Another course?

I have read some success stories on the forum, and other members here who are doing very well. I am very happy to read this. But it also makes me feel like I live on Pluto. How to achieve the same when the necessary conditions do not exist, not even to adapt them to the environment? Context matters

I understand that you will not like what I have written. I agree with going fastlane and I believe in CENTS. But I also understand that there is an infinitely higher layer. The inequality in opportunities between rich countries and underdeveloped countries is a reality.
It is not an excuse, because there is always someone who enters the fastlane in underdeveloped countries. But achieving it costs 2 million times more and effort.

Just thoughts that wake up when I read "fastline business..."
Nothing new...

I also live in a third world country going down the shitter closely tied to the U.S. Which means not only do we have a shitty economy but Biden's inflation is also squeezing us on all sides. My parents are struggling, it's almost impossible to get a good job without a vax (none of my close family is vaxinated against COVID), rent + groceries + healthcare brings monthly expenses close to $800 off the bat. Which would be fine if the median salary in my country wasn't $11k. And that's not even counting emergency costs, gym memberships, internet, cellphone providers and any other expense to make your life better. As of now, my net worth is about $12k.

But I literally have no other choice. I could move to the U.S. but I would be leaving everything behind (family, pets, friends, cars, assets, girlfriend, current music projects, etc) and starting from scratch with a liquid pool of money of about $9k. This year I learned the hard way that anything that's not your fastlane business should not get much attention unless you can afford to. Investing sums of money into crypto and stocks hasn't done shit for me in terms of exponential growth. Have I profited? yes. But nowhere near enough so that I can sleep easy. I've had several F*ck This Events back to back and I'm gonna take it as a sign from God to change whatever it is that I'm doing.

 

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[Vinz]

View attachment 43984

Whenever I’m in a casino, either taking middle aged peoples money in poker or supporting a mma fighter friend of mine by watching him fight at the events center, I walk by these people sitting at the slots. I think these people are absolutely retarded. I think you need an IQ of 60 to sit at a slot machine.

“Durrr…maybe I’ll get lucky…haha lights go flash flash, make fun sounds huhhuh durrr”

All of these other trend hopping schemes that are wildly popular are just slot machines. Same logic, same emotions behind it, same everything, except with a couple of steps. Same emotional intelligence level, slightly higher IQ level.

Those are the more vulnerable people, certainly not emotionally stable or strong.

And that's why they are so much influenced by the "lottery ticket" mentality. It seems it spreads like a virus.
"You want to win the lottery ? I want to win the lottery too ! One person in the whole country won it ! Why couldn't it be me ??? "

 

[Black_Dragon43]

If you can dig out inefficiencies fighting with rivals of math phds I think you can have better future providing real value to customers and users.

Efficient at what levels? Overall sure. It’s almost impossible to pull a 100% ROI on 100 billion in a few months and do so repeatedly. But, it’s not that hard to pull a 100% ROI on $10 invested.

The point is that most of the great deals aren’t available to the big guys, so they’re not your competitors. They compete with other big guys chasing a 1-5% return rate on huge sums of money.

Warren Buffet isn’t going to look for a $50K deal that can make him $200K in a few months is he? He has hundreads of billions to allocate, if he was looking for such deals inflation would kill the rest.

Markets are not efficient at smaller levels. There are a ton of inefficiencies and a good trader can make $10K/day investing his own money.

However… when you have large sums of money, in such small, low liquidity deals, your actions start having an effect on the market… which means that if you decide to close the position, for example, that may crash the market. This, apart from the inflation argument, is why big funds cannot exploit these inefficiencies.

I think trading is providing value in itself. It is trading that keeps markets accountable and removes inefficiencies over time. Is a “business” better? I think that’s an apples and oranges comparison. A business is just doing an activity at scale. Whether that is trading or cleaning windows doesn’t matter.

Most people on the forum are broke. Gotta start somewhere. If trading is your day job, that’s cool. But it’s not a business until you can start getting other people’s money and start investing it.

If we’re now asking which ability has better scaling potential, cleaning windows vs trading, I’d say that depends on your aptitudes and natural predispositions. If you’re an introvert, math geek who stays in front of the computer the whole day, trading may be a better path. You gotta find your own path that you own and is suited to you and whatever natural aptitudes you have.

MJ started a limo lead gen business. He had a keen interest in cars and driving from when young. He had a job as a limo driver. He knew the industry, and built around his natural predispositions, found a way to align them with providing value to the world. You gotta do the same, as does everyone else here.

I’m currently a teacher - not a high school teacher, or a university one, but a consultant for other agencies and freelancers. I’ve been a freelancer and agency owner for a combined 11 years. I’ve seen a lot change around the market, and scaling my own agency has allowed me to comprehend the systems involved and what is required to scale to big numbers. I’ve been doing extremely well in this with fantastic client results. But once again, you gotta build around your natural inclinations, your path is unique to you.

 

[PureA]

Forgot to mention how "Forex" was a big one in the late 2000s. Tons of "gurus" selling get rich Forex programs, and people coming here saying it was going to be their "Fastlane". Not one of them every reported any kind of success, near-term, or long-term.

Seeing a forex ad/article (when I was 17) from a guy who was in his earlier 20's with yachts, watches and mansions was the first thing that made me realise, oh shit, I can get real money AND be under 60. It was the first time I saw $$ separated from time.

I somehow (luckily) ended up at this forum, and from the discussions around the book (TMF ) I sensed it was a must-read.

I've never been old enough to see one of these things cycle fully. I stuck to the wealth-building principles I was taught and stayed away from crypto/NFT lure with the overnight millions. Sure I could've made a quick buck if I was smart enough, but there was no way I was going to outsource my success like that.

 

[Kevin88660]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

While i do understand that business are the most guranteed road to wealth, theres also the fact that the future is going to be crypto/technology related. I mean just look at metaverse, It's going to take over the internet and its value is going to explode. same with newer nft/crypto projects specially crypto gaming. Crypto/NFT related businesses or projects may just be one of the best ways to get rich. as for stocks and forex I understand why they're a waste of time specially forex. I mean you can literally search it up, theres no person whos made alot of money from forex.

I think it’s about what you do, not the fields or industry.

Trading/investing your own money will not get you rich. It doesn’t comes with the value creation and scalability of value creation that come along with business.

If you are running an investment fund charging a fee for taking in other people’s money then it is a business that has scalability.

If you are a service provider in the crypto space, aka selling the shovel, you are running a business .

 

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[nnogalaxy]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

While i do understand that business are the most guranteed road to wealth, theres also the fact that the future is going to be crypto/technology related. I mean just look at metaverse, It's going to take over the internet and its value is going to explode. same with newer nft/crypto projects specially crypto gaming. Crypto/NFT related businesses or projects may just be one of the best ways to get rich. as for stocks and forex I understand why they're a waste of time specially forex. I mean you can literally search it up, theres no person whos made alot of money from forex.

 

[door123]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

Due to all the hype, I felt a strong urge to trade crypto as means to create wealth. Thankfully, I was able to resist the urge of crypto and focus on building the biz instead.

It's so easy to get distracted by the new "money opportunity", even for those us that actually have businesses.... Especially if you'r facing challenges in your own biz.

Although, I had little fun trading doge coin for a couple days during the Elon hype, but I would call that gambling/speculation, not wealth creation.

Thanks for reminder!

 

[Andy Black]

So what else are we left with? Another youtube channel? Another course?

I don’t know where you live and I’ve no experience outside of the UK and Ireland. I’m curious though… Would you be able to make decent money with your great English, internet connection, and an entrepreneurial mindset? Could you do some freelance work from home, maybe getting paid a great hourly rate for where you live?

EDIT: And literally the next post I read is this:

• HOT! - MARKETING - Getting My First Ever YES (Video Marketing Agency)

 

[RicardoGrande]

Starting with my first professional job after college, I started saving up all my money and kept it in savings for either a house or a business and get into the fastlane.
All of my slowlane friends dumped into stocks or shiny toys and called me an imbecile and told me to just "enjoy life".
After 2020 happened and tik-tok real estate guru investors and blackrock priced me out of the market, they continued to call me stupid and asked me why the hell I'd hold onto all that cash if getting a house in the u.s. is a pipedream.
I ignored them and held anyway.

The entirety of the past few years since I read TFF, my mantra has been "I'm waiting for the right opportunity to spring into action, and invest my money into a business that will tangibly improve others lives, and be rewarded with profits in kind".
Basically, testing as much as I can, and throwing in on the first opportunity I can see sparks with. It's been a long road and I haven't been blessed with something that has stuck yet, but I keep trying.

Fast forward to this week's market melt down, all those slowlane friends who were laughing at me are now horrifically down in their portfolios, have no savings and leveraged to their eyeballs in credit card debt and one guy who was doing tiktok RE flipping is basically on fire (with his skin melting off) at the moment.

Me?
I'm just fine, absolutely fine even. Still learning, still waiting.
I'm not the gazillionaire dollar deodorant club billionaire I'd like to be, but I've tried things and haven't given up on the fast lane.

Side note: Finding freelancing leads as Brandon implodes the world economy became more difficult so I went back to looking at my venture ideas and at possible jobs since my job pays nothing. Seeing the stories of suffering and people bending over backwards and starting shell companies so they wouldn't have a 2 month gap on their resume only re-enforced that the path of the wage slave, the cubicle cretin, is not for me or anyone that wants to live an actual life.
Just have to put in the work to get the leverage and escape the rat race

 

[Thurlam]

The entirety of the past few years since I read TFF, my mantra has been "I'm waiting for the right opportunity to spring into action, and invest my money into a business that will tangibly improve others lives, and be rewarded with profits in kind".

Me?
I'm just fine, absolutely fine even. Still learning, still waiting.

Kind of sounds like action-faking to me...you might just keep waiting forever with that attitude. At some point you gotta make your own opportunities.

 

[Atomant]

As more crypto bros find out they wasted the last 10 years of their life using crypto as a "business" versus as a speculative asset ... BUMP.

BTW, I do believe crypto/BTC will survive and emerge stronger. But it remains a speculative asset, and always was.

I don't trade crypto/forex/stocks etc but have an interest in investing and am in a position to start "selling shovels" to these markets. My background is in software and over the last year my interest has focussed on bitcoin and blockchain/cryptography. I invested in bitcoin several years ago and have seen 80% drawdowns etc and calls that bitcoin is dead many times and view digital assets as still a very new asset class.

How anyone trades these volatile assets and makes money is beyond me. But according to research 90% of investors would seek to invest (ie not trading) in digital assets with their financial provider if given the chance! To help wealth managers/financial providers take advantage of this opportunity I built a digital asset management platform packed to the brim with full blockchain node and digital asset exchange price data.

The software gives firms better data transparency, consistency, accuracy and insight into how to make blockchain and digital assets work for them. At it's heart is a centralized reference database for managing blockchain, transaction and exchange data. The platform automatically consolidates multiple sources of reference data into a single master database for operational control, distribution, automation, analytics and audit/risk management.

I am finishing off the software over the next couple of weeks and also hope to include exchange proof of reserve/liabilities software for audit purposes - aka ETX. The core software also supports other asset types(equities, forex, commodities, options/futures etc) but I have niched down into bitcoin/crypto as this is a relatively new market.

All this has been done largely behind closed doors so I now need to get some real world use cases in place and adapt accordingly. Showing up at a wealth manager/fund/financial providers reception as an individual probably won't get me very far. Assuming I might have have more luck persuading a larger player (auditor, consultancy, exchange, IT firms etc) to bundle this service/software into their portfolio then how can I approach them and get their trust to partner with me. Should I try and make some approaches to potential customers first or would a bigger player be prepared to work with me on the market fit and product delivery without a customer base? I feel like I have come to the end of one road but uncertain where to go next : (

 

[Vinz]

Thanks for the reminder MJ, these things can really cater to your psychological needs especially when you're broke, with no money.
You know, the thought that you have a possibility to become rich overnight speaks to the part of your brain who wants results the easy way.

 

[Kevin88660]

100% true - however, one fact to keep in mind. A large share of “professional money managers” did start out as traders or investors, using their own money. If you have a proven track record, it’s easier to get other people to give you their money.

All HNW individuals who work in trading/investments that I know of would describe themselves as business owners nowadays. But that’s not how they started, nor would they have ever been able to start had they not traded or invested their way to significant sums of money.

In the past there were more investment/ trading related jobs available.

A typical career path is analyst in an investment firm or a trader (market maker) in an investment bank. With a few years of experience they took the plunge to join smaller investment firms/hedge fund to take more active investment roles where a larger proportion of pay come from variable. The funds are doing well, they become managers who own a larger percentage profit sharing with the firms.

Eventually they took the plunge to start their own firms.

So typical profile is a mid 40s guy with at least mid seven digit net-worth starting his own fund, with track record and put a lot of his own money in the fund to have stake in the game.

Over the years the industry is dying for smaller players because most investors realise that most active managed funds do not out perform the market. So there is a trend of money going after passive funds with lowest fee.

This gave advantage to big players with economies of scale.. Black Rock, Vanguard..for instance.

Fundamentally it is a bad way of making money as a business to run an investment fund. Markets are fairly efficient these days. If you can dig out inefficiencies fighting with rivals of math phds I think you can have better future providing real value to customers and users.

Better business are always service providers. Market data providers, consultant firms selling reports….

 

[Thinh]

Let's not bash on crypto indiscriminately.
Crypto can be a good vehicle for wealth.
But it requires as much work (if not more), and especially building stuff.

Buying random shitcoins and hoping they go to the moon? Sure, might as well buy lottery tickets.

On the other hand, being able to create dApps, smart contracts, and build value-providing services on top of the blockchain technology?
I say let's talk about it again in 5 years, but I definitely would put my money on web3.0.
(Well, not would. I actually put my money where my mouth is).

When the bubble will have completely popped, just like in 2000, the remaining actors will be those providing real value and technology that will enhance our world like the internet did back then.

 

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[jdm667]

As more crypto bros find out they wasted the last 10 years of their life using crypto as a "business" versus as a speculative asset ... BUMP.

BTW, I do believe crypto/BTC will survive and emerge stronger. But it remains a speculative asset, and always was.

 

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[klaipeda]

If you're buying crypto hoping to get rich overnight, as we vulgarly say in Italy, "you're on the wrong side of the cock".

 

[Vasudev Soni]

I've been here for 15 years.

Over that time, I seen a bunch of "get rich" trends come and go.

These flavors are hot for a few years, then disappear.

Each time, some threads blow up with folks who are starry-eyed about how wealthy they're going to get as they do nothing but hop aboard a trend and "HOPE" and "WAIT".

And then like clockwork, reality hits.

Their ideas of "getting rich" investing in some meme or crypto stocks goes bust. They don't get rich and they have to start over. Worse, they wasted YEARS of their life "waiting, investing" or whatever. During that time, they gained ZERO practical business experience.

As crypto shits the toilet, as stocks shit the toilet, as the economy shits the toilet, as inflation skyrockets, what remains as the only true method of obtaining sustainable, controllable wealth? A FASTLANE BUSINESS.

Let's be clear: A Fastlane business IS, and WILL REMAIN, your best bet at acquiring sustainable wealth fast, and asymmetrically.

Not stocks.

Not cryptocurrency.

Not some hot bandwagon trend.

The only exception is if you SERVE these industries in a Fastlane Business, you know, the old "sell shovels in a gold rush."

I noticed in 2022 that a lot of the hype of crypto and stock trading talk has dwindled to nothing.

Why?

Duh... people are losing money hand over fist.

People are discovering they HAVE ZERO control over the economy, crypto exchanges, central bank decisions, supply chain bottlenecks, and other BS.

When your wealth acceleration vehicle cannot be controlled, you're not an entrepreneur, you're an investor and speculator.

FACT: Your best bet for wealth acceleration will always come from your Fastlane, CENTS based business. Not from stocks, not from cyrpto, not from day-trading Gamestop, and not from anything hyped in the retail mainstream.

Sad that millions of people will soon discover that they put all their eggs in the WRONG basket.

Yes, stocks will recover. Crypto likely will survive. But the point is, why have you not TAKEN CONTROL OVER YOUR FINANCIAL LIFE?

You don't have play these games.

Focus on a business and grow your way into the 1%.

Leave the rest of the hype for the 99%.

Definitely, a fastlane business can help you achieve massive success within 5-8 years if you follow the CENTS philosophy.

No other business or thing can take you this far, this fast. Not crypto, not stocks, not some other fad.

Doing things that 99% of people are doing, will keep you chained in the 99%.

Thank you @MJ DeMarco for creating this wonderful community where I learn something new daily.