tl;dr How, or at what rate do you extract wealth, and where do you put it?
Long One thing that slowlaners often have that fastlaners don't: the drive to save... to hold on to their money. This actually usually disgusts me, but...
Slowlaners are taught the religion of wealth accumulation. I feel they are taught wrong... (godforsaken tax savings plans, investment funds, etc...) but they are taught the religion nontheless and it worked for WWII gen and Baby Boomers.
My Harvard Business Grad uncle (3 years my senior) was a C level employee of a big tech company that was a close sibling of Level3. It was the dot com boom and he was offered any compensation plan that he liked as long as 50% was in stock options that vested in 5 years. The less he took in cash, the more the stock option plan multiplied. What did he do? He took almost no pay in cash, leaving it all in stock options. You know the rest of the story... dot com bust ate all the cookies. :'''(
The problem fastlaners face is the same. Take it all in stock options (re-invest in your company) or pay yourself today?
What do you do for wealth extraction, and how to you maintain it?
Long One thing that slowlaners often have that fastlaners don't: the drive to save... to hold on to their money. This actually usually disgusts me, but...
Slowlaners are taught the religion of wealth accumulation. I feel they are taught wrong... (godforsaken tax savings plans, investment funds, etc...) but they are taught the religion nontheless and it worked for WWII gen and Baby Boomers.
My Harvard Business Grad uncle (3 years my senior) was a C level employee of a big tech company that was a close sibling of Level3. It was the dot com boom and he was offered any compensation plan that he liked as long as 50% was in stock options that vested in 5 years. The less he took in cash, the more the stock option plan multiplied. What did he do? He took almost no pay in cash, leaving it all in stock options. You know the rest of the story... dot com bust ate all the cookies. :'''(
The problem fastlaners face is the same. Take it all in stock options (re-invest in your company) or pay yourself today?
What do you do for wealth extraction, and how to you maintain it?
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. :-)
Access Restricted: Unlock 1,000,000+ Posts
Stop Peeking Through the Keyhole.
Open the Door.
You hit a wall because the best advice isn't free—it's earned. Since 2007, MJ DeMarco has been active here daily (99.9% active rate), building a war room for entrepreneurs who refuse to settle for mediocrity.
- Active Daily: Life-changing content posted dozens of times every day. No dead threads.
- MJ's Inner Circle: Direct access to the author of The Millionaire Fastlane.
- Vetted Network: Connect with founders scaling to 7 and 8 figures.
- Proven Roadmaps: Strategy over motivation. Execution over "hustle porn."
"SCALED TO 6-FIGURE MONTHS"
"Tips and advice here saved me from huge mistakes, others allowed me to scale my business to 6-figure months."— User MitchC
"INSANE QUALITY OF PEOPLE"
"The number of high quality people I've met from this forum has been insane. All of it predicated on building real value."— User Richard Peck
"You are the average of the five people you surround yourself with."
Are you surrounding yourself with success?
