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money system

  1. Prince33

    Has anyone reached their Business/Money System Income target? MJ's formula.

    MINDSET 
    So after reading MF again, I went over his money system formula again; as I want to target a real number for future business and income endeavors. For a refresher this is the formula: Tally up your gross living costs of everything you'd want in your lifestyle per month, then add 60% for taxes...
  2. J

    How would you turn a $400k–$500k inheritance into $2.5M+ within 10 years?

    INVESTING QUESTION 
    How exactly would you take this money and turn it into 2.5+ million in 10 years or less? I receive about 250k from cashing out a 401k. Another 150k to 200k from selling the house. Maybe another 10ish from selling the cars. Also about 50k from the checking account. This is from a family member...
  3. P

    When is an exit financially justified?

    INTRO 
    Hey Fastlaners, I’m looking for your perspective on when an exit from my job is financially justified. Current situation: Salary: 2,480 € net/month (Germany) Runway/savings: currently ~33k, expected to reach ~40k by March 2026 Allocation: all invested in stocks, ETFs, and crypto – but...
  4. Jobless

    Ranked List: The Best Investments... Do you agree?

    INVESTING 
    I was using ChatGPT, asking it to help me rank different long-term investment vehicles. Do you agree or not? Should crypto or somethign else be included? I had a longer list but asked it to eliminate bad options, such as things exposed to AI disruption risk, legal risk, insurance risk, cultural...
  5. MJ DeMarco

    How can citizens in Europe buy US stocks, ETFS, and other assets?

    ASK THE AI 
    How can citizens in Europe buy US stocks, ETFS, and other assets? What brokerage firms are available that give EU citizens access to asset purchases, stocks, REITS, and ETFs?
  6. MJ DeMarco

    Passive Monthly / Quarterly Income: My Favorite Money System Assets...

    GOLD! INVESTING 
    I was over on Telegram chatting with @ZackerySprague about assets that yield monthly and quarterly dividends. I thought it would be cool to post some of my favorites that I've invested in over the years, including some of them I currently own as well. If you're looking to get a taste of...
  7. MJ DeMarco

    Where do I invest? The Fastlane Capital Allocation Model...

    INVESTING 
    Have excess money? Not sure where to invest it? Here's something to think about... Also, I do recommend skipping to "Invest $ Into Passive Investments" with a tiny amount, just to get a taste of paycheck pot income early, even if it is only $10/mo. I thought we had a thread on this, but...
  8. Save and Invest to $10 million?

    Save and Invest to $10 million?

    Why saving and investing + time is the worst idea, unless you have no other ideas.
  9. fastlane_capital_allocation.webp

    fastlane_capital_allocation.webp

    The Fastlane Capital Allocation Model
  10. MJ DeMarco

    Basic Financial Intelligence is Fastlane: Some Simple Strategies to Use Now.

    GOLD! INVESTING 
    Due to popular request via this thread and also here... I thought I'd create a core thread that highlights some basic financial skills that can help you transition from Slowlane to Fastlane. These strategies have helped me preserve capital and made me debt free most of my life. The...
  11. biophase

    Do you know what you’re doing with your money?

    INVESTING 
    This past year I’ve started playing pickleball and have met all new people of various age groups. I’m making this post because I’m somewhat amazed at how little younger people understand money and finances. I’m talking about 30-40 year olds. As an example I met this guy who makes a decent $50k...
  12. RealDreams

    Thoughts on the Bogleheads investing approach?

    INVESTING 
    I was curious about what MJ and you guys think about Bogleheads' approach to investing. From the page Getting started - Bogleheads, this is what it preaches: Prepare to invest: Live below your means Develop a workable plan Never bear too much or too little risk Invest early and often...
  13. pdrake

    The Escape Number Problem

    QUESTION 
    Recently I calculated my escape number at $17,199,840 and my business system target at $215,000 / month. Now, 40% of my business system target contributes to my money system which is around $84,000 / month. The problem is that it would take me 11.5 years (including 5% yearly interest) to reach...
  14. Gabbe18

    Building the paycheck pot with which investment account or accounts?

    INVESTING 
    When it comes to the paycheck pot what types of investment accounts are usually the best in your opinion and why? Taxable accounts like brokerage accounts or tax-advantaged accounts like IRAs and 401k or maybe something different?
  15. RealDreams

    investing in the stock market does not seem right

    INVESTING 
    So after building a business that makes 50k in gross revenue on average a month (last month 10-20k more), I decided to put around 100k in the stock market. Almost a month later, after realizing how slow this money will grow, I cannot but feel this whole thing is a "scam". Or said better, my...
  16. J

    240 is a magical number that can print money for you for a lifetime. Or you can ignore it and lose a fortune

    MINDSET 
    Awhile ago there was a garbageman who had worked in this profession for several years. I don't remember his name so I'll make one up: his name was Dave. Dave loved playing the lottery on occasion and actually ended up winning $15m. For the sake of argument, we'll assume he took home $7.5m after...
  17. m0ntilla21

    My Money System as non-US resident - What's yours?

    INVESTING 
    Hi there guys, First all, I'd like to give a big thank you to @MJ DeMarco. Without a doubt, he accelerated my process to reach the point where I'm at, the point in which it really makes sense to study about investing and create a good money system and paycheck pot. Thank you again for all...
  18. C

    “Money system for income” sample allocation

    INVESTING 
    Hey y’all, I’m new here and this is my first post. I’m almost done with The Millionaire Fastlane, and it has changed my thinking in many ways. One of those is building a money system designed to generate income. I was raised on a Slowlane philosophy of investing to grow wealth rather than...
  19. WeenerDawg

    Question regarding the book, money systems

    INTRO 
    Hey, I have recently created a society with a Small Bussiness related to walking dogs and my question is regarding the Part of the book that of the book of "Recruit your army of freedom fighters" What are the Safe Investment that yields 4%-6% that he mentions? Also is this Monthly or on a...
  20. MJ DeMarco

    I have $X thousands to invest, what do I do? What book do I read?

    INVESTING 
    This is relevant to every discussion on this forum related to investing a small dollar amount... $1000, $10000, and even $50,000. Learning "investing" at this stage of your progress is an EPIC WASTE OF TIME. For the love of God, stop reading books on how to invest $10K so you can turn it into...
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