SPI 018 : The Truth About Getting Rich Quick With MJ DeMarco – Author of The Millionaire Fastlane

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In this session of the Smart Passive Income Podcast, I have the pleasure of interviewing multi-millionaire entrepreneur and recent author MJ DeMarco, who recently published a fantastic book entitled The Millionaire Fastlane.

I was asked by a number of SPI readers to get MJ on the show for an interview. I’m really glad I did because he and his book totally blew me away.

As you’ll hear in the podcast, I was actually a little hesitant to bring him on the show at first because he talks a lot about getting rich quick, which we all know is an instant warning for something scammy or fishy. However, you have to listen to the podcast to really get a feel for where he’s coming from and you’ll realize that there is such a thing.

I’m a perfect example, because although I don’t consider myself to be extremely rich, I know I am fairly well-off thanks to my online businesses, and it was only a little over 2 years ago that I was brand new to this industry. 2 years is definitely quick in the grand scheme of things.

Whether you’re still stuck in the grind or you’re already working for yourself and want to get in the right mindset to take things to the next level, this session is for you.

Here are some of the things MJ and I discuss in our session together:

  • Exactly how MJ got started as an entrepreneur and the one moment in his teenage life that changed his whole mindset about who can become extremely successful.
  • How he landed on a multi-million dollar idea while working in one of his dead-end jobs.
  • Why he sold his company, twice.
  • Why MJ calls himself “The Get Rich Slowly Anti-Guru”.
  • An explanation of “The Sidewalk”, “The Slow Lane”, and “The Fastlane”.
  • What a person needs to do, and the avenues that one can take to get into “The Fastlane”.
  • What to do when you feel like you don’t have time to work on your own businesses.
  • The difference between being interested, and being committed.
  • How time plays a role in the mindset we need to find success.
  • The law that one must implement in their own businesses to make sure they give themselves the best chance to accelerate their wealth.
  • What to do when you are met with opposition when trying to build your business and succeed in life.
  • MJ’s thoughts on selecting the right market to get into if you want to start your own business.

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Items Mentioned in this Session:

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Cheers!

Transcript:

Click Here to Download the Transcript (PDF)

  • http://www.youngprepro.com Onibalusi Bamidele

    WOW! You’ve really gone FAR Pat and there is nothing more awesome than getting a millionaire on the SPI podcast – I’m sure this guy has a lot of knowledge to distill to us and I’ll be downloading and listening to this one right away.

    How’s your health? Hope you’re now doing fine?

    Thanks so much and have a great day,
    -Onibalusi

    • Pat

      MJ is great. I’m sure you’ll get a lot out of this interview Oni.

      I’m doing okay. You’ll hear that my voice is a bit hoarse on the podcast, but I’m getting better. Thanks, and all the best to you!

  • http://www.smartmoneyfocus.com Joe Edward

    Hi Pat,

    I can’t wait to listen to this podcast. I definitely am of the view that getting rich quick is only happens to a small minority, but most people can become rich over extended periods of time. I am interested in hearing about it from another perspective. I have been on my journey of ‘getting rich”, which is a relative term, for about 10 years and I hope to cross that line in the next 18 months.

    Thanks for the great blog and podcast,
    Joe

    • Pat

      Hi Joe – I think getting rich quick only happens to a small minority because only a small minority of people actually take action. Good luck on your journey, and thanks for the comment!

  • http://www.aworldofinspiration.com Matt Bailey

    Awesome. Just downloading it as I’m sure it will be great. Now I need to make the video for youtube for your last challenge!

    • Pat

      Looking forward to it Matt – just send me the link to YouTube once you’ve got it up and live. Cheers!

  • http://paramedicsalaryonline.com Manspaugh

    I told ya! It’s like Christmas every time there’s a post by Pat. And a podcast!? SWEET!

    • Pat

      Ho Ho Ho!

  • http://increasingworkplaceproductivity.net Bojan

    This is huge motivation for your listeners! I am living under the same creedo, but it sure does require a lot of effort and sacrifice in order to get there.

    • Pat

      Well said Bojan – it definitely is a sacrifice, but when you think about it when working 9 to 5 we’re sacrificing 5 days a week for 2 days of enjoyment.

  • http://getbusylivingblog.com Benny

    Look forward to hearing it when I get the chance.

    How is the iPad 2?

    • Pat

      It’s great! I’m using an app called Logmein to remotely access my word desktop. It’s crazy!

  • http://mikejuly.com Mike July

    Hi Pat,

    How do you think this book differs from The Four Hour Workweek? After listening to the podcast, it seems as if there are a lot of conceptual parallels between what DeMarco says and and what has been discussed elsewhere.

    Thanks,

    Mike July

    • Pat

      Mike – it has a lot of the same principles, but it has a lot of different ones as well. I should have asked him directly how it different from books like 4HWW because he specifically addresses that in his book. When MJ started his businesses, he did all of the hard work himself, taught himself code and was not about to outsource anything. Tim, on the other hand, is huge on outsourcing. That’s just one difference, but there are a lot more I’ll leave to any readers of the book.

      • http://www.camonetsusa.com Ken

        The biggest difference is that 4HWW concentrates on building a business where you don’t have to work much. The Millionaire Fastlane talks more about dedicating time to your business, grow it and then sell it for enough money so you don’t have to work the rest of your life.

        By outsourcing or trying to work only 4 hours a week, you business won’t grow as fast as possible. It’s not living up to its potential. Imagine if your business were making $50k a year and you were working 4 hours a week. What “should” it be making if you were working it at 40 hours a week?

  • http://teeballbaseballblog.com Thomas

    Mike-
    The book is NOTHING like four hour work week. To get rich you really do have to do some work. :- ) MJ explains the difference ad gives you the process to get rich. Other gurus sell you books and seminars on how to get rich but that’s not always how they got themselves got rich. I’ve been a member of the forum since it started in 2007 I believe and read the book in December. I’ve now read the book twice and it was just as good the second time. Check out the forum and get the book.

    -Pat
    Sorry about the tangent to your thread

    • Pat

      No worries Thomas! It’s definitely a relevant discussion I think, since I heavily promote the philosophies behind the 4HWW too. Cheers, and all the best to you!

    • http://www.themillionairefastlane.com MJ DeMarco

      IMO, it is nothing like 4HWW except from the standpoint that both Tim and I feel that TIME is our greatest asset, and wasting that time in a 9-5 for 40 years seems foolish.

  • http://thesisready.com Dave Grimes II

    Pat,
    I was not really familiar with MJ prior to this interview. So thanks… now I have to spend the rest of the day reading up on him and exploring his site! Great!

    Just kidding. I’m looking forward to exploring his site. Great interview, thanks for sharing!

    • Pat

      Cool Dave! Glad you enjoyed the podcast! Cheers!

  • http://www.imamoneygrubber.com Paul

    Just read the show notes right now. Awesome interview. The book title does seem kind of scammy and misleading, but after learning more about the author I get what he means by quick vs easy. I’ve had a couple of business flops myself but I learn lessons from every mistake.

    I wonder though: does MJ have any tips for being successful at executing an idea? Like what made his website so much more successful than the other 12 sites out there?

    • Pat

      Good question Paul! I’ve seen him comment on the blog before so hopefully he’ll drop by to respond. Cheers!

    • http://www.themillionairefastlane.com MJ DeMarco

      I think the greatest challenge is to recognize the process over the event. (I did a video of this called the Desert of Desertion which is on my YouTube channel. (FastlaneMJ)). Fastlane success can take months, if not years. Many times we get excited over an idea, throw it out to the marketplace, and nothing happens. Then we get disgruntled and move on to something else. The process is where the winners are found. A great example is my own book: I am giving it ONE FULL YEAR to see where it goes, and to give “process” a chance. Had I looked at my results in month one of release and not been obedient to process, I might have already given up. In other words, if my path to a best seller occurs, it will be a process that will take months of work, and not an event. (Although others will see that success as an event.)

  • http://www.enetflixreviews.com Kenneth Ashely

    I am listening to the podcast now. Mj is a very smart man. I purchased the book “Rework” by 37signals. I hear its a great book so hopefully ill gain more incite on Getting Rich Quick. But the podcast helped immensely.

    Thanks,

    Kenneth Ashley

  • http://www.dubai-information-site.com Sunil from The Extra Money Blog

    good stuff. goes to further validate anything is possible with hard work and dedication over time. thanks for sharing this wonderful i-view Pat.

  • Ran

    Amazing how many people buy into MMO stuff. I guess this niche can be pretty lucrative.

  • Pingback: Another interview for MJ

  • http://EminiMind.com Tim Racette

    Wow Pat, cool interview. That law of affection and the ability to impact a million people is such powerful concept. Just like the SPI blog does, great stuff.

  • http://www.hothitmedia.com Ralph

    Love the podcast and I agree with the lifestyle change thing.
    I refuse to give up my lifestyle in order to get rich. I love that I can go out for breakfast with my girlfriend on a saturday or sunday. Having a coffee without feeling guilty spending 2,30.

    If I would make a lot more money, in that sense my lifestyle would not change that much. But with that lifestyle I realise / push myself to work harder outside of work hours. (although while I am writing this I am at work…) I am more focussed because I have a goals with one website I have and that is really going well and I enjoy working on it during the weekend and in the evening.

    You got to have a goal or something you enjoy working on to be successful. I know Pat has mentioned this various times before.

    Anyway, great podcast again!

  • http://www.internetincomecode.com George Tee

    Wow.. This book is really spreading like fire.. I caught it the other day and am still reading through halfway and now you have interviewed MJ DeMarco! Awesome! But yes, the book deserves to be the bestseller.

  • http://www.enlightenedresourcemanagement.com/ Joel Zaslofsky

    I have to hand it to you Pat. You conducted the interview really well and elicited some great interaction out of MJ. Thanks for getting him on the SPI podcast and keep rockin’ it!

  • http://www.internetentrepreneurconnection.com Hector Avellaneda

    Very nice interview Patt! MJ is definitely an action man and that is pretty darn evident. I definitely resonated with everything he talked about from making sure that you’re surrounding yourself with the right people to the whole mindset of mortgaging your time to be rich 4- or 50 years down the line. Definitely never felt that and it’s awesome to be a part of what I know is a movement, really, of people who are fighting back against that old paradigm!

    It’s simply not happening to us man! Thanks again for the Interview! MJ was a cool dude and definitely very down to earth. I’m going to get his book!

  • http://www.imoney2day.com Kenny Voon

    thanks so much for getting a multi millionaire on interview. I love listening to how successful people craft their success. I will download it right away nw.

  • http://www.jonathanpatterson.com Jonathan Patterson

    Excellent! I just listened to the whole thing… so many points that resonated with me.

  • http://www.emailmarketingiq.com Terry

    MJ DeMarco is just great! I stumbled on his book on my Amazon Kindle about two months ago. Finished his book in days and have re-read it TWICE already. The philosophies he preaches are just spot on a breath of fresh air. EFFECT MILLIONS…because there are millions somewhere from extremely wealthy people.

    Pick up his book if you haven’t done so already! You won’t regret it.

  • http://www.kidsiphoneapps.net Pavel

    Hmm… To be honest I don’t think I’m feeling this podcast, Pat. And it’s not your fault at all.

    What I like about your podcasts and posts is that I can always take away something Practical from every single one of those.

    There is really nothing practical to take away from this podcast. There is some rah-rah for the book, and rah-rah for taking action, but as someone who’s already doing that – there is nothing actionable there, no gold nuggets. Perhaps if MJ talked about his business more, exactly how he grew his business, what worked, what didn’t, but no such luck.

    Too much water and no substance.

    Just my 2 cents.

    • Pat

      I appreciate the comments and honesty Pavel. However, my audience is made up of several different types of people. I know that a significant portion of my audience are people who haven’t taken action yet, who still feel stuck on their 9 to 5 jobs and this podcast was really for them. I try to mix it up a bit, and I apologize this one just didn’t do it for you.

      Your two cents are always welcome. Cheers and all the best to you!

  • http://michelledancer.com Michelle

    Slightly depressing podcast this time round, since I’m one of the poor souls with a partner who acts like trying to make money online is equivalent to impaling babies on spikes. I’m sure it’s useful to others though.

    He’ll regret it when I buy myself a house with my online earnings and don’t let him live in it, of course :D

    • http://EminiMind.com Tim Racette

      I feel ya Michelle. That goes for anyone who doesn’t share your vision. Entrepreneurship is living a few years of your life like most people won’t, so you can spend the rest of your life like most people can’t. In the end, you’ll get there and it will all have been worth it.

  • http://www.megabizflakes.com Samuel

    This is another raw deal :) Will love to know why MJ gave himself that name! :) Thanks so much for the podcast bro….downloading it right away! Take care of yourself!

  • http://blogtimes.pl Chris Trynkiewicz

    I’m with Pavel on this one. I’ve already listened to all the earlier episodes and they were all great and practical. This one was totally different which a bit dissapointed me. The only thing I got out of this was that I can easily identify potentially good content based on the connection with keywords like “sucks”. Aside from that, I felt like listening to a book promo of some kind. We didn’t really even get to know what kind of passive income is MJ getting his share from.
    This could be useful for people who don’t exactly know how to earn money, but we already are on the passive income blog, so pointing out that we want passive income asap and not to stop is kinda pointless. I also didn’t really buy the whole “only for massess” talk, as some things (like jewerly) can be sold to a small number of people and still earn as much as an iphone app.
    MJ didn’t also tell us HOW exactly can we make money fast. He told us we CAN, which isn’t enough.

    BTW: On one hand, MJ said that we should embrace our time and not work 9 to 5 and after that if possible. On the other, he said he worked on Friday nigths and kind of recommended being committed timewise. I didn’t get that fully…

    Don’t take it personally, Pat or MJ. If this was more precise, I would find it much more practical. What would make me happy is some examples from the book or MJ’s life. Best wishes and peace to you both :)

    • Chris

      Chris,

      you are completely missing the point on a few things. When ‘the masses’ was talked about, Mj specifically said it doesn’t have to be ‘facebook’ masses, and it can be a smaller niche market. What he means is are you able to scale your business to meet those masses (in whatever market you decide).

      And Mj, isn’t going to spell out to you HOW to make money, because there are so many ways to do it, it’s impossible. What’s important is the execution.

      And your interpretation on ‘time’. When you work a 9 to 5 job you are trading your time at a 1 to 1 ratio. You trade an hour, you get an hours pay. When you are working on your business on friday nights instead of going out (as an example), you are leveraging your time. That 8 hours spent on friday night could potentially have a life time of payouts through the execution of your plan. In a scalable business model, 1 hours worth of work can earn you an exponential amount of money.

      This is all explained in the book. Just read it. Its only 20 bucks or so Ithink.

      • http://blogtimes.pl Chris Trynkiewicz

        Hi, Chris :)

        Thanks for the explanation on the “masses”. I know see what MJ meant and I agree.

        As for the “how” to make money – if there are many things, just give samples. That’s what Pat and his guests did in the earlier episodes. For instance, if MJ was to say that the majority of his income was from affiliate marketing on niche sites, that would be a huge hint. Or that he uses Market Samurai. Or that he has more luck with Facebook traffic than from search engines. Things like that. It’s not saying what keywords to use, but it is saying what technics to use. That was what I lacked in this interview.

        On the “time” aspect – once again, thank you for your explanation. Maybe I just wasn’t listening with the proper attention, but it wasn’t clear to me, what the interviewee meant.

        I am not keen on buying this book after this show. I trust that if Pat says it’s good, it is good, but MJ didn’t tell enough examples from it to make me understand what are the contents. A few words about the chapter’s headings would be great here and I hope Pat will ask questions regarding those subtitles when asking someone about his book in the future.

        Best wishes,
        Chris

        • Chris

          Thanks for your understanding reply.

          I see the “how” you are looking for. You want a step by step blueprint of how he made his millions. Well, there’s more than one way to skin a cat and there are already tons of courses out there that show step by step stuff. Some good, some crap. Lets say that thats what he did in this book. What then? Still only 5% of the people will actually do something with it, because thats how people are and it’s how they EXECUTE that plan! Mj addresses that in this book and stresses the importance of EXECUTION and how to properly execute a plan.

          He calls you out for being in the slowlane and tells you why. The choices you make, your attitude towards money, how you approach a plan or idea. He does not hold back and gets pretty aggressive at times. No coddling here, and no hand holding. If you aren’t making it right now, Mj will tell you exactly why.

          This is definitely a mindset type of book, BUT he brings in hard numbers and undeniable logic to back his statements up. This isn’t fluff. He even gives you a formula to use as a litmus test for any business idea that you have to see if it’s truly fastlane.

          Hope that helps. Good luck with all of your endeavors :)
          Chris

  • Pat

    Hey Chris – thanks for the comments. Much appreciated, and I understand where you’re coming from. Again, I can’t please everyone every single time, and a lot of people have already emailed me saying this podcast was an eye opener for them, so I’m very happy with the outcome. You apparently already have the right mindset when it comes to this stuff but a lot of other people do not. Thanks again, and all the best to you! Cheers!

    • http://blogtimes.pl Chris Trynkiewicz

      Hello Pat,

      I can imagine this episode was valuable to many people. Don’t get me wrong – it was a good show, but I wasn’t the right audience. The point of my post was mostly so that you can keep track of how many people do like the more general topics and how many the more concrete ones. So, treat it as a statistical data with an explanation. Hope that helps :)

      Best wishes,
      Chris

  • http://www.kidsiphoneapps.net Pavel

    Thanks for taking time to reply, Pat!

    As someone who was stuck with 9 to 5 just 2 months ago – I know too well where your listeners might be coming from. I’ve been listening, reading, thinking about doing something on-line for probably about 2 years now. I’d listen, I’d get motivated, I would try to start, but 9-5 really sucked up my energy, so that when I would get home I simply have nothing left for a side business.

    It took an external event (just like you) – I resigned my position – to really kick my butt in gear and actually do something.

    Good luck and thanks for your great blog!

  • http://www.todayhaspower.com Rob

    Hey Guys,
    For what it’s worth:
    First off, I didn’t buy the book. There comes a point when enough has been read on any subject and action begs to be taken. I’m not sure if MJ still offers the first 3 chapters for free, but he did. I read and enjoyed them. What they told me once again? “Quit whining. Take action. Do something. Be proactive for your tomorrow, today.” That message is loud and clear in many writings. It really isn’t dependent on who the author is. I find Smart Passive Income to be one of the tops (okay the very top!) in how-to marketing. Does that mean that everyone that reads it becomes a successful marketer? Let’s keep it real. Probably less than 1%. But, every person who is ready to utilize the info? 100%. It depends on you. Not breaks. Not luck. Good old-fashioned elbow grease and persistence will win this day and tomorrow. Will MJ’s book change your life? No. Your actions will.
    Can the book help you? Yes. But, only if you are ready.

    “When the student is ready, the teacher will appear.” Hindu Proverb
    So the question becomes, “Are you ready?”

    Live it LOUD!

  • http://www.kidsiphoneapps.net Pavel

    Just to add some fuel to our great discussion here:

    Trying to internalize what is it about this interview or about MJ that didn’t sit right with me, and I think I came up with the answer.

    From what I got from the interview, MJ made all of his money from One great business, one great idea. Akin to someone pulling a winning lottery ticket, or a rookie being called up to the majors, taking a wild swing on the first pitch and hitting a home run.

    Does that mean that the lottery winner can now write a book about how to win the lottery? Or the rookie can now become the hitting coach?

    Pat to me is a hitting coach, he teaches us how to hit “singles”, “doubles”, how to get on bases. He has multiple sources of income (singles, doubles). He knows how to hit. He teaches the fundamentals, stance, hand position, hip movement, hand-eye coordination, etc. And that’s why this blog is so great. With his help we can hit singles, doubles.

    MJ to me is not that – he might know how to “hit” as well, but if all he has is some rah-rah for action and one great business behind him – I simply don’t trust that he can.

    Mark Zuckerberg’s example is great, youngest billionaire and all that junk. But how many thing had to go right for him and lucky did he have to get to get there? The world is full of Marks (intelligent, driven, young), but the chances of them achieving what facebook has done are nil.

    I guess what I’m trying to say is this: I’d rather listen to someone who created 10 businesses each worth $100,000 then someone who created one worth $1 mil. Because the person who created 10 business has proven that he can do it again and again and again.

    • http://www.lazybastardlife.com Jason

      I second Pavel’s sentiment. The podcast was inspiration to a point, but was not very practical. I think the end summed it up when Pat asked about something that’s working now. Uh, I’m investing in the Australian Dollar.

    • http://www.todayhaspower.com Rob

      @Pavel,
      Zuckerberg was hardly lucky. He saw an opportunity and pounced. It is pointless to discuss whether he knew he would make billions or not. MJ is the same. Neither won the lottery. There are plenty of stories of teens becoming millionaires via the internet…luck strikes again? I believe there will be another Facebook (remember MySpace?) but most reading this would be well-satisfied with where MJ is. And, could learn from him or others like him if they ‘want to’ bad enough.

      Live it LOUD!

  • http://www.coffeehousewordsmith.com Joe Barlow

    Hi Pat,

    An enjoyable show, as always, though I’m far more excited about your new info product than this particular gentleman’s “make money fast” book.

    -j.

  • http://www.chocolatechipapps.com Brian

    Listened to the whole thing.. good stuff

  • Therm

    I thought the podcast was good. Nothing groundbreaking, but still good. I’m ok with that.

  • http://chrisalta.com Chris Alta

    Great interview Pat, I was actually in talks with MJ to do an interview about a month ago but he told me to read his book so I asked for a copy and he never got back to me haha

    If I would have had the money I definitely would have bought his book and interviewed him but hey great interview none the less! You beat me to it!

    MJ is a real ass dude though and it’s true, we all want to be rich but people in general are saving to be a millionaire by the time they’re 65! The key is to be wealthy right now, and you and MJ are living examples of being wealthy.

    And I love how he says everyone has the same problems, person A is struggling for a $900 mortgage and person B is struggling for a $9,000 mortgage!

    Great stuff brotha, cheers!

    • http://www.dnjuice.com Anthony David

      I also liked the mortgage example, and I thought there’s something really unique about his thinking. It’s like he is not rehashing what other gurus are saying. He has his own ideas and opinions that he has carefully thought out, and explains them with conviction. Loved this podcast!

      • http://chrisalta.com Chris Alta

        Oh yeah Anthony definitely brotha, MJ is the man. I wouldn’t necessarily call him or anyone a guru, I think that’s a term thrown around way too loosely. He had really great timing with him working in the limo service and someone basically pitching the idea to him in a different context.

        Becoming wealthy is actually pretty easy when you look at MJ’s story.

        You fill a solution to a problem, fill the void, scale it up, charge for it, cash the checks at the bank. Very simple blueprint for success. The big secret is really how many people can you get your product or service in front of without spending all of your time doing just that? Leverage by outsourcing? Make your product or service a download away so that there’s no shipping involved? Many different ways to look at becoming wealthy but MJ definitely did it his own way.

        A lot of people aren’t willing to learn code, figure out what limo companies are in each and every city, build a huge database of all of that, and then drive traffic to it. It’s all short term money, what’s working for me right now, what can put cash in my pocket right this instance. Personally I feel that’s a bad mindset, if you want right now money then go get a 9-5 and settle you know?

        I’ve probably only made $67 online and since I haven’t met any payout thresh holds yet none of it has been tangible, but I’ll stick to my quote (yes I’m quoting myself haha) when I say

        “if you need a steady paycheck, you aren’t an entrepreneur.”

        I know I went way off topic (kinda I guess?)

        But the point is we all have our own paths. You can listen to MJ’s story, Pat’s story, etc..MJ made his wealth by his limo website, Pat makes his wealth happen by diversifying and really choosing to put his “eggs” in different baskets instead of one. I’ve yet to find my path but whatever path we all choose to take we can always listen to awesome success stories like MJ’s for inspiration.

        Cheers brotha

  • Victor

    Hi Pat, Just a heads up – seems like the audio for the like to download the MP3 is wrong, its only about 2 minutes in length. Again thats at the link to download the MP3.

    Cant wait to listen to it :)

  • Mike

    Pat awesome interview…

    The concept below continues to resonate with me and perhaps you can comment:

    We so commonly hear about following or doing something we’re ‘passionate’ about. MJ talks about it and says don’t follow your passion if its generic, only if it has a differentiator in the market.

    To that note, I’ve found an opportunity in a market where I can sell marketing products, but I’m not 100% Passionate about the market or the customers – I’m more interested in the business model itself of being ‘scalable, virtual, passive, etc’.

    I do enjoy learning the marketing strategies, but I get hung up on whether I should dive into a market that I’m not 100% passionate about – especially considering that I’ll be investing lots of time as you and MJ emphasize. >>> (A subset question to this is whether or not I should build a Blog to gain SEO and authority in the market or put up passive sales letters to sell the products…I’d be curious to know your thoughts).

    SO: should I execute and see how the market will respond to my products without analyzing my passion to much OR make this into as much of a removed business model as possible (video sales pages) so that I can then find another passion business OR continue to search for another business model or market I’m 100% passionate about ?

    Thanks Pat, you rock!

    M

  • http://www.seobasicsandstrategies.com Tom

    Thanks for the interview. I enjoyed hearing what this guy had to say… now when I find some time, I will read the book.

  • http://onlineincomelab.com Trent Dyrsmid

    Hey Pat, Fantastic interview! Thanks for putting it together.

  • Jeremy

    I have to say that I really resonated with MJ’s teachings.

    One thing I disagree with was his notion that affiliate marketing isn’t fastlane. His Limos.com business was basically affiliate marketing on a CPA basis–selling leads to limo companies.

    Maybe when he says “affiliate marketing” he means those companies that create a single landing page for a product and drive CPC traffic to it. Sure, in that case if your merchant bails, that campaign is dead and you have to start over.

    But if you have a content site that monetizes with affiliate programs, if your merchant bails, you find another merchant. If Market Samurai quit its program tomorrow, Pat could find another keyword research tool to promote (or even create his own and sell it). What Pat controls is his traffic, and any affiliate program can be plugged in to monetize.

  • http://www.read2learn.net Kent

    The Millionaire Fastlane is my favorite book. MJ just gives away a ton of information, and he only charges you a couple bucks.

    He should sell that book for $100 a pop. Haha.

  • http://www.passivelyearning.com Chris @ Passively earning

    I just found out about your website and Podcast series. I’ve managed to listen to them all in a week. This one, number 18, is by far my favorite. I’ve heard of MJ for quite sometime now but you managed to get him onto some topics I found truly interesting.

    Thank you so much and keep up the good work!

  • http://financiallyeliteblog.com Dwight Anthony

    I keep meaning to order this book off my amazon wishlist and haven’t gotten the time to get to the millionaire fastlane yet, but it’s higher on the list now. thanks for the interview as well.

    Dwight Anthony
    Financially Elite Blog

    Financial Freedom advocate

  • olgierd

    Polecam “Fastlane milionera”! Polskie wydanie ju? wkrótce!

  • http://dalemelchin.wordpress.com Dale Melchin

    I would blend the two ideas of massive action and planning. Planning and execution combined with massive action are the keys to success.

  • http://money.ramblingfever.com/ Matt @ RamblingFever Money

    Hey Pat,

    I found your podcast middle of last week. I’ve already listened to the first 19 episodes in their entirety! Plan to have each and every episode listened to by middle of next week.

    This particular episode was very inspiring to me. I want to create wealth sooner rather than later so I don’t end up “the richest guy in the retirement home!”

    Thanks for the awesome podcast. One of my favorites!

  • http://PhotographyHack.com Jerrywhyte Obamwonyi

    the best ever read is the millionaire fastlane, its so magical and spontaneously influencing. Its full of red pills truths not blue pills that fly by night self acclaimed gurus treaches

  • http://retipster.com Seth

    Dude, Pat – your interview are amazing. I’ve been listening to them for the past couple of months and each one shows me a new way of looking at the world. THANK YOU for your efforts in putting these together.

  • Tonny

    O man this post resonates with me so much. I was THAT guy who always did weird marketing things and tried doing pyramid schemes not understanding what I was getting into.

    I’m not on the Fastlane yet but I see someone’s story showing me he made it with almost same mentality I had about life and experiences I had as a young adult.