Advice for MonstaFlex??!

Sup everyone?

I am 24. I am looking to get rich quick in the sense of riding on the "Fastlane". Only thing is my highest form of education is High School. I am not really looking into finishing college since I see it as teaching me to the ways of "getting a safe secure job" and I think it is a waste of time IMO. I never really had a job. I still live with my parents. I guess a small cash register clerk at a STOP and SHOP counts when I was 16.

I am very excited about PHxMJ's book about how a regular person like myself can be rich at a young age. My goal is to have $5,000,000-$10,000,000 (the fastest way possible, but I know discipline and hard work is involved) before I hit 30, so I can help support the family rather than being a lazy SOB failure without a job like my family sees me. I'm really excited to start and follow what PHxMJ knows.

The point from the Fastlane book I am very interested in that PHxMJ mentions is this, since I always hear it from Rich Dad and other "How to get rich" gurus:

"The real secret to accumulating wealth fast and no, it isn't real estate."

My question is... what is exactly that secret? (or do I have to wait for the book like the rest)

I guess if I were to sum it up... is there some advice from the millionaires in this forum who could sort of guide me in the path to where I should go as a person who wants to move out of his parent's house that is 24 years old with really no job history, pay off a $16,000 school loan, yet still be financially free. And please do not say "Get a job, noob".

Thank you for reading. Appreciate your time.

Get a job, noob!

(sorry, couldn't resist).

But seriously, until you figure out your fastlane vehicle, a J.O.B. is a great way to build capital and develop hard working skills (if you think a job is hard work, wait until you start building your fastlane business!)

Also, if you pick the right J.O.B., you can either get great experience in the area you are developing your business, OR, you can get an autopilot job that allows you to spend a lot of time thinking/planning/reading about your fastlane plans.

So why not start here: How to develop your PLAN.

Do all of the exercises-- they're a good measure of your ability to follow-through.

If you don't have enough focus to make it through the exercises, there is NO WAY you will have the focus to build a fastlane biz.

And when you're done, you'll know more about yourself.

Post to the thread and I'll work w/you.

-Russ H.

PS You asked for advice from some of the millionaires on this forum. Our current net worth is just shy of $5mil.

__________________
"Control everything. Own nothing." -John D. Rockefeller

"Don't confuse motion with action" -Ernest Hemingway

Welcome!

My net worth is not in the millions -- it's barely even a positive number -- but I agree with Russ.

Sounds like you need a PLAN (not just a plan).

Also, you might want to read the Legendary Threads here and a bunch of the Success Stories.

Hmm. Yeah, I kinda figure in order to be the "driver", I should be a "passenger" first (I'm thinking more of internet affiliate, since I use my computer 24/7).

Thank you Russ for the info. I'll post up my plan now.

Question: Why do you say job like "J.O.B"? Is there a inside joke I do not know about?

Tell me about it. I have $0.03 in my checking account, and I need the $5 minimum at the end of the month. :: ::Gets money from parents again:: D'OH!

You will soon find that even though you are on your computer wasting time all the time, work on your computer is just as hard as a job only you do not have to get up and go in. i suggest getting a real job, because you will also get to interact and meet new people. A major social skill that you will need in any fastlane business.


PS I will say this before MJ does. an affiliate is not fast lane, having your own affiliate program and employing affiliates to sell for you is.

Yeah I know that. I guess my question is what would be the fastest/best way to enter the the Fastlane without entering the Slowlane or is there no way to avoid that?

This is a question you should be asking yourslef. Noone here is going to give you a exact answer that you personally will be able to take step by step and majically have a million doallars. Its just not real life. And rather than asking that over and over, take the suggestions above about going through the planning excersize, this will give you a foundation needed to start on.

J.O.B. = Just Over Broke (ala rich dad, poor dad).

However, too many people have come to this site (and richdad.com) telling us they're sick of the rat race, gonna quit their jobs, and become financially independent.

Thing is, they're gonna be BROKE if they do this.

Before you quite your job, you have to have a PLAN (based on who you are, your value set and what's important to you), and then figure out how to get to where you want to be (your fastlane vehicle).

And most of us have worked (and continue to work) J.O.B.s as we implement our fastlane PLANs-- b/c it's faster.

-Russ H.

__________________
"Control everything. Own nothing." -John D. Rockefeller

"Don't confuse motion with action" -Ernest Hemingway

First off, welcome to the board. Coming out of the woodwork and posting here is the best first "step" you could take.

That being said, I agree with Russ. I think your "How can I get rich fast with the least amount of work" mindset is about a great a recipe for failure as I have ever seen. To better understand, I think you should start reading the fastlane multimillionaire success stories, and try to understand how the members here who have done it succeeded. Focus on solving needs. Focus on doing something better then anyone else. Focus on changing the way things are done. Ignore the dollar signs at the end of your tunnel. Money and the wealth you desire will come in time. For now, i think the most vital aspect is getting in the right mindset, and that BEGINS with dropping the whole "get-rich-quick" dream. A person that wants to get out of their parents basement should be refinining their plan everyday, and working to make things happen for themselves.

Russ's last point is stellar as well, as he is 100% correct in that most succesful people did not get their start by jumping out of a plane with no parachute. Getting a job will help you build the foundation you need to AFFORD that parachute. Right now, I spend 40 hours a week inside a cubicle working for the Department of Defense. Yes, I have a "job". However, that job has allowed me to afford a mortgage payment on my house (the biggest appreciating assett i own), pay off all of my debt, pay my bills every month and the "basic" neccessities of living (food, heat, clothing, etc.), build a killer credit score, etc. It has even allowed me to save for retirement, as a "safety-net" while I continue to work here, as well as making me HUNDREDS of business contacts as I collect business cards every week (you never know who you may need help from in the future). In business, you can never have too many friends.

Even though I am working 40 hours a week for someone else, my job has given me the freedom to live, while I continue to refine and build my plan (such as the rental property I just bought this spring, other investments that are helping me to build my net-worth, etc.). They are ALL spring-boards in what I hope will be my eventual escape from the rat race.

Also, just for clarification, how did you accumulate $16,000 in school loans without any higher education? (i noticed you said you never went further then HS). Just curious.

Best of luck.

__________________
-Mike
Building my stats one day at a time...

There are many things I left out actually, because I really want to keep my private life private. I also don't like looking too much at my past, because I keep getting a sense that I did not accomplish anything, so I look towards the now and the future.

For the $16,000 loan question, well I did go to college...or am. I stopped for like a year or so, then came back. So technically, I still am in college (and is the reason why I have a $16,000 loan but didn't pay it because I didn't finish yet). Why didn't I mention that I'm still in college? Well, due to my "I need to get RICH NOW" mindset and due to the fact that I see formal education as a hindrance (and I find it useless) to becoming rich faster, I didn't think that it was important to mention that very fact.

I guess I did have a job (it wasn't STOP and SHOP) when I was 16, or was it 15...mmm I forget. It was a job where I performed the product, and the customer would then decide whether to purchase the product or not. I never got payed so I don't really count it as a "job". My parents didn't understand why I didn't get paid. I told them I'd get a check in a few months (I never did).

My job (or my true purpose) was to fix the boxes at the back of the store. My boss kept telling me to stay off the floor. I never did listen to him, and persisted to go on the floor and sell, because it was really exciting for me. As time passed by, I left due to stupid employee politics.

Ya. I've made a plan development through Russ' "How to Develop your PLAN" thread.

I have read many books (like Rich Dad Poor Dad and Automatic Millionaire), but I tend to not truly absorb it but instead get excited by it. Looking at the many posts here at the Fastlane to Millions, I've realized how I still have the "poor mindset" (like the Rich Dad example of "I can't afford that").

I do see what you guys mean. I should fill my needs through looking at my matching values and strengths to make a plan for action, which usually doesn't mean acquiring $1,000,000 to fulfill it. Seeing my old attitude of just getting excited of the result, but do nothing... and the attitudes of people on this forum, I noticed that being lazy and not committing any action will just create EPIC FAIL.
Thanks for the time/advice/guidance Russ, Yankees, LightHouse, and lightning.
I'm looking forward to pushing my plan to action forward, as well as learning more from you all.

Think about getting onto the expressway ... do you just hop into that left lane? No. You've gotta merge into the Fastlane by first getting on the on ramp, which then turns into the Slowlane. Then you move over and change lanes. While you can bypass a slowlane, it isn't that easy. Why? The skills of the slowlane transcend into a Fastlane ... things like discipline, delaying gratification, and frugality.

Also I'd like to add, don't dismiss real estate so quickly ... it has been Fastlane 1.0 for many years and continues to be so ..... however, Fastlane 2.0 is here now and can be exploited ... this is why there are so many new 20-something millionaires ...