If wealth is defined by income and debt, wealth is an illusion, because it is vulnerable to potholes, detours, and bumps in the road. When the income disappears so does the illusion of wealth.

Interest is Looking rich; Commitment is planning to be reach. Interest leases a car, commitment rides a bike and puts the money into your system.

If your eyes are glued to competition but aren’t on road. If you’re following, you are not leading, if you are not leading, you aren’t innovating.

Fame or talent is not a prerequisite to wealth but having a 9-5 job, saving a certain percentage, accumulating money over time, and retiring at 65 is not the way to be rich. “Get Rich Slow” is the term that demands long life employment with little return.

Process makes millionaires. Events are by-products of process

If you are hopeful of winning the lottery someday and getting rich, you are event-driven not process-driven. For every successful event, there is a process that resulted in the event. The process make millionaires.

More money doesn’t buy financial discipline but money properly used can buy freedom which can lead to happiness.

Wealth is strong-spirited familial relationships with people. Wealth is fitness : health, vibrancy, passion and endless energy. Wealth is freedom and choice : freedom to live how you want to live, what, when and where.

Slowlane

In a job, you sell your freedom (time) for freedom (Money). Like the slowlaner’s primary income source (a job), the wealth acceleration vehicle (compound interest) is also dependent on time.

There are only 24 hours in a day and the average lifespan for salaried workers is 74 years.

Wealth can’t be accelerated further when it is tied to time. Time is your primary fuel and shouldn’t be tied to wealth. As wealth itself is tied to time, time should not be an expendable resource. If you don’t control the variables contributing to your wealth equation, you don’t control your financial goal.

For a Slowlaner, Saturday and Sunday are the paycheck for Monday through Friday.

“Give me $5 today and I will return $2 tomorrow.” No one would agree. But you have agreed on the same when doing a job, the return on the time as a slowlaner is negative 60% 2 days for 5. This ratio in slowlane generally cannot be manipulated because five days a week is a job standard. This leads to mediocracy and we often hear life isn’t great but isn’t so bad either.

Slowlaner manipulates the “expense” variable as it is the only variable they have control over. You can manipulate the slowlane equation with fame or insider corporate management. If not, you end up in the middle i.e. middle class and middle age.

Fastlane

The Fastlane roadmap is capable of generating “Get Rich Quick” results not “Get easy quick”. This is something most people get confused with.

Producers are a minority as are the rich, consumers are the majority as are the poor.

To abandon the slowlane’s transactional relationship of “time for money”, you need to become a producer, a business owner. After you become a successful producer, you can consume anything you want. If you have a passive income (independent of time) that exceeds all your wants, and lifestyle expenses with taxes you can retire at any age.

A Fastlane objective is to create a business that survives time without including your time.

Rental Systems (like real estate) and computer systems (internet and software business) are most passive. Content systems (blog, book, magazine) and distribution systems (chaining, networking, television marketing) are moderately passive. Human resource systems are most expensive to manage and implement and less passive. But, this can be combined with another business system like chaining to make it more passive. The more lives you affect the richer you will be. To make millions you have to serve millions in scale (a small change in the scale of millions ) or a few in magnitude (large change for a few).

Choices

The choice is the most powerful control you have in your life. Success is hundreds of choices that take shape of a process and process forms lifestyle. The Weighted Average Decision Matrix (WADM) can help you make better choices and better decisions. The example below is the WADM made by the author to decide whether he should be moving to Detroit or Phoenix-based on different factors.

• The number beside each factor is it’s important for the decision denoted by 1-10 1 being least important and 10 being most.
• After the criteria are ranked 1 through 10, each choice is graded 1 through 10 for each decision factor.
• The number inside the bracket is obtained by multiplying the importance of the factor and the grade of the choice.
• The result for each choice is added. Higher sum = better choice. 
• If you want to be an entrepreneur or dream of running your own business someday, this book is a must. If you have a dream of owning a business or have an interest in having financial freedom, or being rich you need to stop reading this and read this book.