MJ DeMarco - Zitate und Weisheiten

If you want to keep getting what you’re getting, keep doing what you’re doing.

The object of life is not to be on the side of the masses, but to escape finding oneself in the ranks of the insane. ~ Marcus Aurelius

I begged patience and pleaded that wealth creation for a Fastlane entrepreneur operates under an exponential scale—those who hold jobs operate under a linear scale.

Sometimes clarity washes over you like a peaceful breeze and other times it hits you over the head like a falling Steinway piano.

Fast wealth is created exponentially, not linearly.

Wealth is a process, not an event. Ask any chef and they will confirm that the perfect dish is a series of ingredients and a well-engineered process of execution: a little of this, a little of that, done at the right time at the right place, and wham, you have a tasty meal. Wealth creation has the same method of execution—a fabricated accumulation of many disassociated ingredients into an assembled whole that has value and is worth millions.

Wealth is the ability to fully experience life. ~ Henry David Thoreau

The irony of looking wealthy is that it is an enemy to real wealth: It destroys freedom, it destroys health, and it destroys relationships.

I’m a great believer in luck, and I find the harder I work, the more I have of it. ~ Thomas Jefferson

Folks, the rich use the markets for income and wealth preservation—not to create it!

Income explosion and expense control created wealth.

Debt is useful if it allows me to build and grow my system.

Applied, this means instead of buying products on TV, sell products. Instead of digging for gold, sell shovels. Instead of taking a class, offer a class. Instead of borrowing money, lend it. Instead of taking a job, hire for jobs. Instead of taking a mortgage, hold a mortgage. Break free from consumption, switch sides, and reorient to the world as producer.

To switch teams and become a producer, you need to be an entrepreneur and an innovator. You need to be a visionary and a creator. You need to give birth to a business and offer the world value.

Money trees are business systems that survive on their own. They require periodic support and nurturing but survive on their own, creating a surrogate for your time-for-money trade.

Change creates millionaires. Those who observe and take advantage of change will be the new millionaires and billionaires.

Human resource systems are the most expensive and complicated to run. Humans are unpredictable, expensive, and difficult to control. Ask anyone with a company that relies on employees how challenging its to keep employees happy.

Every dollar saved is another freedom fighter in your army. If your money is fighting for you, your time is freed and you break the equation of “time for money.”

To divorce yourself from the Slowlane’s transactional relationship of “time for money,” you need to become a producer, specifically, a business owner. Business systems break the bond between “your time for money” because they act like surrogate operatives for your time trade. If you have a passive income that exceeds all your needs and lifestyle expenses including taxes, you’re retired. Retirement can happen at any age. The fruit from a money tree is passive income. A Fastlane objective is to create a business system that survives time, exclusive of your time. The 5 money-tree seedlings are rental systems, computer systems, content systems, distribution systems, and human-resource systems. Real estate, licenses, and patents are examples of rental systems. Internet and software businesses are examples of computer systems. Authoring books, blogging, and magazines are forms of content systems. Franchising, chaining, network marketing, and television marketing are examples of distribution systems. Human resource systems can add or subtract to passivity. Human resource systems are the most expensive to manage and implement.

I made a coordinated commitment to ACTION, a conscious choice, and then a commitment to that choice in the form of massive action.

Thinking never made anyone rich, unless that thinking manifests itself into consistent action toward application of laws that work.

Selecting an Entity Selecting an entity depends on your goals and your vision for your business. Here are some general questions to help you decide. What is your exit strategy? Go public? Sell to private investors? What is your growth strategy? What is your liability exposure in the worst case? Do you plan on raising capital now, or in the future? Do you plan to hire employees? Do you plan to take on new partners? Do you plan on earning profits fast? Or not for a while?

The universe has no memory, only you do.

As a producer, you are the minority, while consumers are the rest. To be unlike “everyone” (who isn’t rich), you (who will be rich) require a strong defense; otherwise, their toxicity infects your mindset.

People are like roads—they can either bring opportunity or distress into your life. The quality of these roads solely depends on the quality of the person.

Join entrepreneur clubs, attend networking events, ally yourself with like-minders, get yourself around people who subscribe to a Fastlane, anything is-possible mindset, and decide who you want on your team of warriors. Read books and autobiographies of those who have the kind of success you want. Find a mentor. Join entrepreneur forums with a Fastlane mindset, like the Fastlane Forum! Not a week goes by when someone doesn’t email me, “This forum changed my life!” That’s a tailwind!

Time isn’t a commodity, something you pass around like a cake. Time is the substance of life. When anyone asks you to give your time, they’re really asking for a chunk of your life. ~ Antoinette Bosco

The reality is that time is deathly scarce, while money is richly abundant.

If things seem under control, you are just not going fast enough. ~ Mario Andretti

Opportunity comes dressed as changes and challenges. Remember, change makes millionaires.

Make them feel better. Help them solve a problem. Educate them. Make them look better (health, nutrition, clothing, makeup). Give them security (housing, safety, health). Raise a positive emotion (love, happiness, laughter, self-confidence). Satisfy appetites, from basic (food) to the risqué (sexual). Make things easier. Enhance their dreams and give hope.

as entry barriers to any business road fall, or lessen, the effectiveness of that road declines while competition in that field subsequently strengthens. Higher entry barriers equate to stronger, more powerful roads with less competition and less need for exceptionality. Low-barrier-entry businesses are weak roads because easy entry creates high competition and high traffic, all of which share the same pie. And where there is traffic, there is no movement.

Segway—the core activity of inventors is just taking something and improving or modifying it.

At first, people refuse to believe that a strange new thing can be done, then they begin to hope it can be done, then they see it can be done—then it is done, and all the world wonders why it was not done centuries ago. ~ Frances Hodgson Burnett

Marketing is a game of perceptions, and whatever the perception is, that’s the reality.