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I've just read the Millionaire Fastlane , and I would have a question about it to summary my knowledge after book.
So, essence of the fastlane is to - after creating of a business based on the principles of fastlane - get money on it,
and in that moment when our "money system target" is accomplished, we have money on account and fixed monthly cash flow (Business System Target part of which we spending on life and that is "Net Living Cost").
Now, do I understand correct which option os fastlane one: to calcute myself how much money I need and:
I have money, and income and I live from part of that income, or I'm making money till the threshold of for example 5M, then I'm taking all of this to the fund for 5% and live from the interest which at specific amount should be exactly as much as I need for "Net Living Cost"?
Sorry for that mess in my post, but I don't think I can write it more crearly, I hope you'll understand what I meaned.
So, essence of the fastlane is to - after creating of a business based on the principles of fastlane - get money on it,
and in that moment when our "money system target" is accomplished, we have money on account and fixed monthly cash flow (Business System Target part of which we spending on life and that is "Net Living Cost").
Now, do I understand correct which option os fastlane one: to calcute myself how much money I need and:
I have money, and income and I live from part of that income, or I'm making money till the threshold of for example 5M, then I'm taking all of this to the fund for 5% and live from the interest which at specific amount should be exactly as much as I need for "Net Living Cost"?
Sorry for that mess in my post, but I don't think I can write it more crearly, I hope you'll understand what I meaned.
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