A note from Sary

Ch.18 summary • The key to the Fastlane wealth equation is to have a high-speed limit or an unlimited range of values for units sold. This creates leverage. The market for your product or service determines your upper limit. • The higher your speed limit, the higher your income potential. • The primary wealth accelerant for the rich is asset value, defined as appreciable assets created, founded, or bought. • Wealth creation via asset value is accelerated by each industry's average multiplier. For every dollar in net income realized, the asset value multiplies by a multiple factor. • Your industry of specialization will determine the average multiple that determines your wealth accelerant factor. If the multiple is 3, your WAF is 300%. • 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.

Sary The Millionaire Fastlane, page 127 · January 11, 2024 Save to shelf
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