The Reader's Journey

26. MJ DeMarco: The Great Rat Race Escape (How To Go From Wage Slavery to Wealth)

• Alex & Books

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My guest today is MJ DeMarco, author of The Great Rat Race Escape. 

MJ DeMarco is an entrepreneur, investor, and bestselling author of The Millionaire Fastlane.

In this episode, MJ shares advice on how to escape the rat race, the myth about compounding interest making you rich, how to find the right business opportunity, advice he would give to a 21-year old kid today, and much more. 

TIMESTAMPS:

  • [00:17] - Defining the Script that 99% of people follow 
  • [2:00] - The myth of compound interest & investing for 40+ years
  • [6:30] - How MJ escaped the rat race & how you can too
  • [11:45] - Advice MJ would give to a 21-year old kid today
  • [13:55] - The truth about passive income
  • [17:35] - The biggest business in the world: Shortcuts
  • [20:00] - How to find the right business opportunity
  • [27:00] - The cornbreads vs champagne principle
  • [29:50] - Does your network = your net worth?
  • [32:00] - Can money buy happiness or not?
  • [37:00] - The Right Book strategy
  • [39:30] - The 1/2/3 Marriage strategy
  • [42:30] - MJ’s favorite lessons from his book
  • [47:00] - Two books that had a huge impact on MJ’s life


Resources:

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