M.J. DeMarco Quotes

And because our parents pay the tab, such mental connections carry a destructive payload: consumption and production are not correlated.

Consider the statistics. In 2007, the Washington Post reported that, according to Nellie Mae, the giant student loan service provider, when college students are seniors, 56% of them will have four or more credit cards with an average balance of $2,864. According to a research report by Demos-USA.org, a public policy research and advocacy organization, people in the 18–24 age bracket spend nearly 30% of their monthly income on debt repayment. This is double from twenty years ago. A survey of college borrowers found that the average college senior graduated with nearly $19,000 in student loan debts, and graduate degree pursuers more than $45,000. A 2007 Charles Schwab survey revealed that teenagers believe when they get older, they will earn an average salary of $145,000. The reality? Adults with a college degree earned an average of $54,000.

உங்கள் வாழ்க்கையில் தெரிந்தோ தெரியாமலோ நீங்கள் மேற்கொண்ட தேர்ந்தெடுப்புகளின் தொகுப்பே உங்கள் வாழ்க்கை. தேர்ந்தெடுப்புமுறையை உங்களால் கட்டுப்படுத்த முடிந்தால், உங்கள் வாழ்க்கையின் அனைத்து அம்சங்களையும் உங்கள் கட்டுப்பாட்டுக்குள் உங்களால் கொண்டு வர முடியும். உங்கள் வாழ்க்கை உங்கள் கட்டுப்பாட்டில் இருக்கும்போது அது உங்களுக்கு சுதந்திரத்தையும் கொண்டு வரும்.” - ராபர்ட் எஃப் பென்னட்

Don’t wait for life’s twilight to dream about a time machine; it exists in this moment.

MILLIONAIRE” IS ABOUT AS IMPRESSIVE AS A USED TOYOTA...

Chapter Summary: Fastlane Distinctions ✓- Wealth is a formula, not an ingredient. ✓- Process makes millionaires. Events are residual by-products of process. ✓- To seek a “wealth chauffeur” is to seek a surrogate for process. Process cannot be outsourced, because process dawns wisdom, personal growth, strength, and ultimately, events. CHAPTER 4 THE ROADMAPS TO WEALTH If you don’t know where you are going, any road will get you there.

We believe what we’re taught, even when evidence appears to the contrary!

As I streamlined my processes and systems, a slow and steady transformation took place. I worked less and less. Suddenly, I worked an hour a day instead of ten. Yet, the money rolled in. I’d go to Vegas on a gambling spree; the money rolled in. I’d be sick for four days; the money rolled in. I’d day trade for a month; the money rolled in. I’d take a month off; the money rolled in.

In a job, you sell your freedom (in the form of time) for freedom (in the form of money). Experience is gained in action. The environment of that action is irrelevant.

If our friend wants to excel in an industry saturated with me-toos, he must brand and differentiate himself.

A profitable business doesn’t guarantee wealth or time detachment. Some business owners are married to their businesses. Their business ostensibly is a job and a lifelong prison sentence. While giving up your heart and soul for a business is perfectly normal in the startup, growth, and maturation stage, it isn’t a prescription I’d want to endure for 40 years.

a sociological scheme sentencing your life to an existence of blind obedience, resigned mediocrity, and abandoned dreams.

every cult thrives as long as enough fools obey its dogmatic preachers.

Never throughout history has a man who lived a life of ease left a name worth remembering. ~ Theodore Roosevelt

What would you drive? Where would you live and take vacations? What passions — art, writing, charity — would you pursue? What schools would your children attend? Would debt be a noose around your neck? How fast would you become a millionaire? Four months or forty years? Would you be cursing Sunday night and rejoicing Friday afternoon? Would grabbing a $6 coffee at Starbucks be an issue?