- Joined
- Jul 24, 2007
- Messages
- 4,219
Rep Bank
$5,375
$5,375
User Power: 458%
I have been reading a lot of posts after a long absence from the forum. It is nice to see all the new names here. I was real happy to meet a number of you at the B&P recently.
I love to see all the things that people are doing. This really is a creative crowd with a different way of looking at the world. I feel very comfortable around these types of people.
I have noticed that there seems to be a drifting definition of "fastlane" and "slowlane".
In my opinion, fastlane means "no longer needs to work" to live very comfortably. This can and should be coupled with accelerating income but does not need to be. Obviously, if you are retired and living on a pension, this would not count.
You could have passive income from businesses, investments, and even from stocks and bonds. If you have 10M in assets and it is earning 10%/year, is this slowlane?
Slowlane means that you are living life with a paycheck. Perhaps you are saving some money and have an IRA. The intent is to work for 30plus years and retire with some nest egg or pension supplemented by social security.
I hear a lot about quitting the job, working a business at home, and being in the fastlane. It is only fastlane if you can leave the business and you will have enough income to live. Or better yet, still be in an accelerating mode upwards with regards to income and assets.
If someone is working on a job but placing their money into assets that will get them passive income, they become fastlane as soon as their income surpasses what they need to live on. So, just because they still have a job, does not mean that they are slowlane.
I am open to debate as there are not clear dividing lines. These are just my thoughts.
I love to see all the things that people are doing. This really is a creative crowd with a different way of looking at the world. I feel very comfortable around these types of people.
I have noticed that there seems to be a drifting definition of "fastlane" and "slowlane".
In my opinion, fastlane means "no longer needs to work" to live very comfortably. This can and should be coupled with accelerating income but does not need to be. Obviously, if you are retired and living on a pension, this would not count.
You could have passive income from businesses, investments, and even from stocks and bonds. If you have 10M in assets and it is earning 10%/year, is this slowlane?
Slowlane means that you are living life with a paycheck. Perhaps you are saving some money and have an IRA. The intent is to work for 30plus years and retire with some nest egg or pension supplemented by social security.
I hear a lot about quitting the job, working a business at home, and being in the fastlane. It is only fastlane if you can leave the business and you will have enough income to live. Or better yet, still be in an accelerating mode upwards with regards to income and assets.
If someone is working on a job but placing their money into assets that will get them passive income, they become fastlane as soon as their income surpasses what they need to live on. So, just because they still have a job, does not mean that they are slowlane.
I am open to debate as there are not clear dividing lines. These are just my thoughts.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
