The other day I was wondering what my purpose is for being here at the fast lane. It occurred to me that is a rare opportunity in that so much time and advice is given freely by people who have no obligation too. By all rights, the information shared here is of such quality that subscription fees would be warranted. In the past, I’ve worked in environments where I’ve seen financially successful people. My experience is that they rarely lend themselves to be advisors unless you are already close to their level of success (Exception to Amway… they won’t leave you alone J). So in that respect, I want to thank those who facilitate this website and donate their time to it.
So now the question is, “What have I learned so far?” Although I’ve seen other places reference these concepts (usually just before you send them $19.99 + S&H), I think this forum develops them better. So I would like to list what I’m getting out of this.
Life is Short: Essentially, you’ve been taught your whole life that in order to be successful, you have to follow a certain formula. It consists of working for 30 plus years, investing in mutual funds, and achieving goals set by others. Only then are you entitled to enjoy your retirement.
The Fast Lane approach teaches that life is short, so that should be a motivation to work smarter. Limitations imposed by “normal” thinking only hinder your progress. One should not be afraid to try new business ventures and step out of their comfort zone.
Your Time is Valuable: most people don’t think in terms of, “Is this job worthy of my time?” Instead we are preconditioned to think we owe hours for compensation.
The Fast Lane approach is to make the most profit while utilizing the least amount of time. This is largely done by creating systems. The more automated a system is, the easier it is to manage and collect the profits from it. Systems could range from a coin operated car wash requiring only an hour of maintenance daily to a fully automated website which collects revenue through ads or selling e-books. Another concept of systems would be to create a product or service that could be mass distributed through franchising. Again, the goal is more profit for less work.
Dream Big, but don’t Day Dream: Why do you think people spend millions of dollars on “Get Rich” programs. It’s because they get consumed with a wonder lust that tells them they can earn tons of money by essentially doing nothing. Even though I may sound like I’m contradicting my “time is valuable” point, I don’t think I am. The concept advocated on infomercials is to just take a few easy steps and the money will pour in. This may work sometimes, but is generally the exception rather than the rule.
I believe the Fast Lane concept is that good systems do take some time and effort to develop, especially ones that reflect quality. One may have to invest time initially into a project, but success is reflected when little maintenance is required to keep it running. By putting in your time at first, you’ll be getting paid more for your time later. I hope that makes sense. Even Rock Stars have to spend hours practicing before getting paid millions to sing a few songs.
Additional note: having a good understanding of a system, can help you navigate through it quickly and yield more profits. For example, take someone who is familiar with real estate laws and procedures. He will most likely be able to use that knowledge advantageously when acquiring investment properties; much more so than the average Joe who knows nothing of it.
Stay Focused: This is my Achilles Heel. My A.D.D. allows me to come up with some “home run” ideas, but I rarely take the time to learn how to bat. One should set a goal, develop a plan, and STICK TO IT. Don’t let distractions derail you from your original goal. Run with it until you either know it won’t work or until Bill Gates is calls to ask for a loan. Sink or swim, but stay on task.
Lose the attitude! : Too many times we allow set backs or lack of self confidence to steer us into failure. Even family and friends contribute to our overall attitude regarding our ability to succeed. It’s been said, “You can’t change your family, but you can change your friends.”
Surrounding yourself with positive minded individuals will help focus your mindset to that of success. I have a friend who if I told him that the earth is about to collide with the sun, he would just smile and tell his stock broker to invest suntan lotion. Optimism rubs off, but so does pessimism.
Profitable paths: At least at this forum, it seems that many people have been successful through website development, e-books, drop shipping, real estate, and franchising. I’m sure there is more, but those are the ones that stand out to me.
So far these are the concepts I’ve learned here and in life experience. If I’ve overlooked any big ones, please comment on them.
So now the question is, “What have I learned so far?” Although I’ve seen other places reference these concepts (usually just before you send them $19.99 + S&H), I think this forum develops them better. So I would like to list what I’m getting out of this.
Life is Short: Essentially, you’ve been taught your whole life that in order to be successful, you have to follow a certain formula. It consists of working for 30 plus years, investing in mutual funds, and achieving goals set by others. Only then are you entitled to enjoy your retirement.
The Fast Lane approach teaches that life is short, so that should be a motivation to work smarter. Limitations imposed by “normal” thinking only hinder your progress. One should not be afraid to try new business ventures and step out of their comfort zone.
Your Time is Valuable: most people don’t think in terms of, “Is this job worthy of my time?” Instead we are preconditioned to think we owe hours for compensation.
The Fast Lane approach is to make the most profit while utilizing the least amount of time. This is largely done by creating systems. The more automated a system is, the easier it is to manage and collect the profits from it. Systems could range from a coin operated car wash requiring only an hour of maintenance daily to a fully automated website which collects revenue through ads or selling e-books. Another concept of systems would be to create a product or service that could be mass distributed through franchising. Again, the goal is more profit for less work.
Dream Big, but don’t Day Dream: Why do you think people spend millions of dollars on “Get Rich” programs. It’s because they get consumed with a wonder lust that tells them they can earn tons of money by essentially doing nothing. Even though I may sound like I’m contradicting my “time is valuable” point, I don’t think I am. The concept advocated on infomercials is to just take a few easy steps and the money will pour in. This may work sometimes, but is generally the exception rather than the rule.
I believe the Fast Lane concept is that good systems do take some time and effort to develop, especially ones that reflect quality. One may have to invest time initially into a project, but success is reflected when little maintenance is required to keep it running. By putting in your time at first, you’ll be getting paid more for your time later. I hope that makes sense. Even Rock Stars have to spend hours practicing before getting paid millions to sing a few songs.
Additional note: having a good understanding of a system, can help you navigate through it quickly and yield more profits. For example, take someone who is familiar with real estate laws and procedures. He will most likely be able to use that knowledge advantageously when acquiring investment properties; much more so than the average Joe who knows nothing of it.
Stay Focused: This is my Achilles Heel. My A.D.D. allows me to come up with some “home run” ideas, but I rarely take the time to learn how to bat. One should set a goal, develop a plan, and STICK TO IT. Don’t let distractions derail you from your original goal. Run with it until you either know it won’t work or until Bill Gates is calls to ask for a loan. Sink or swim, but stay on task.
Lose the attitude! : Too many times we allow set backs or lack of self confidence to steer us into failure. Even family and friends contribute to our overall attitude regarding our ability to succeed. It’s been said, “You can’t change your family, but you can change your friends.”
Surrounding yourself with positive minded individuals will help focus your mindset to that of success. I have a friend who if I told him that the earth is about to collide with the sun, he would just smile and tell his stock broker to invest suntan lotion. Optimism rubs off, but so does pessimism.
Profitable paths: At least at this forum, it seems that many people have been successful through website development, e-books, drop shipping, real estate, and franchising. I’m sure there is more, but those are the ones that stand out to me.
So far these are the concepts I’ve learned here and in life experience. If I’ve overlooked any big ones, please comment on them.
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