I agree (in theory-I’m not rich, yet, only in spirit currently so I don’t really know) that it takes work and you don’t get something for nothing.
But the Fastlane from that book isn’t as ‘get rich schemey’ as it sounds.
The below is copy and pasted from a summary.
The Fastlane equation :
Wealth = Net Profit + Asset Value
Net Profit = (Units Sold) X (Unit Profit)
Asset Value = (Net Profit) X (Industry Multiplier)
To weaponize the Fastlane wealth equation, you must engage in a Fastlane business that has the potential for leverage or high speed limits.
Fastlaners buy and sell appreciating assets: businesses, brands, cash flows, notes, intellectual property, licenses, inventions, patents, and real estate. As it relates to the Fastlane wealth equation, the power of “Asset Value” lies in your ability to control the variable in a virtually limitless fashion.
Liquidation events transform appreciated assets (“paper” net worth) into money (“real” net worth) that can be transformed into another passive income stream: a money system.
The Fastlane Roadmap is engineered for two purposes. It’s engineered to create a passive income stream to the excess of your expenses and lifestyle desires, and to make financial freedom a reality, exclusive of age.
There are five business seedlings to money trees. Mind you, these aren’t absolute and they interbreed with each other. Each system inherently has a grade that rates its level of passivity. A higher grade means a greater potential of passivity, but not necessarily a greater income.
- Rental Systems (Passivity Grade: A). Real estate is one “rental system”. I consider real estate money trees as Fastlane 1.0 or Wealth 1.0. It is the old way and still very much a road to wealth. Rental systems are powerful money trees because they are high on the passivity scale and survive time.
- Computer/Software Systems (Passivity Grade: A-). Computers are miraculous inventions and fertile seeds to money trees. They work 24 hours a day, 7 days a week. Software, when tapped into potent distribution, can be replicated to millions. It scales without significant degradation to passivity.
- Content Systems (Passivity Grade: B+). Content systems are systems of information. That information can be fused to a variety of other systems, like the Internet and physical distribution systems. The content is an asset that is scalable, over and over again, and with each sale, the effective time cost declines while the hourly rate of return expands.
- Distribution Systems (Passivity Grade: B). A distribution system is any structure or organization designed to move products to the masses. Distribution systems can be hybrids with the other seedlings, such as content and computer systems.
- Human Resources Systems (Passivity Grade: C). Human resource systems can add passivity or erode it. Good employees nurture money trees. Bad employees pluck the fruit of money trees and require pruning. However don’t let that scare you. If you want to make millions of dollars, or billions, human resource systems are needed, because you can’t do everything yourself.