The Best Book I've Ever Read about Making Money

Sdílet
Vložit
  • čas přidán 28. 05. 2024
  • This video is an overview of one of the best books I've read that tackles creating a profitable business and getting out of the rat race-The Millionaire Fastlane by MJ DeMarco.
    Get the book here: geni.us/o1uBB
    🍿WATCH NEXT:
    9 Passive Income Ideas: • 9 Passive Income Ideas...
    How to Invest for Beginners: • How to Invest for Begi...
    The Book that Changed My Financial Life: • The Book That Changed ...
    How Much Money I Make as a CZcamsr (2021): • How Much Money I Make ...
    00:00 Intro
    00:33 Avoid the slow lane
    04:10 Work the process
    05:04 Build money trees
    10:27 Switch from being a consumer to a producer
    12:01 Show commitment, don't just show interest
    14:46 1. The commandment of need
    15:09 2. The commandment of entry
    16:18 3. The commandment of control
    17:06 4. The commandment of scale
    18:01 5. The commandment of time
    💌 Sign up to my weekly email newsletter - go.aliabdaal.com/subscribe-su...
    MY FREE ONLINE COURSES:
    🚀 Productivity Masterclass - Principles and Tools to Boost Your Productivity -
    go.aliabdaal.com/course/produ...
    🎓 How to Study for Exams - An Evidence-Based Masterclass - go.aliabdaal.com/course/studying
    🎬 CZcams for Beginners - Everything You Need To Know To Start - go.aliabdaal.com/course/YouTu...
    MY CREATOR COURSES
    🎬 Check out my free 7 day email course on how to become a part-time CZcamsr: aliabdaal.com/part-time-youtu...
    🏆 Creatorpreneur - My flagship course for scaling up your creative side-hustle → creatorpreneur.academy/course
    🗣 Camera Confidence - My self-paced course on how to improve your creativity, career, or communication skills → cameraconfidence.aliabdaal.com/
    MY FAVOURITE GEAR
    🎥 My CZcams Camera Gear - kit.co/AliAbdaal
    ⌨️ My Keyboard - Wireless Coral mechanical keyboard (Cherry Blue) -go.aliabdaal.com/keyboard
    📝 My favourite iPad Screen Protector - Paperlike - go.aliabdaal.com/paperlike
    🎒 My Desk Accessories + Todo List - Ugmonk - go.aliabdaal.com/ugmonk
    🎙 Check out my weekly podcast, Deep Dive - / deepdivewithaliabdaal - It's also available on all podcast platforms, including Spotify, Apple Podcasts etc.
    MY FAVOURITE TOOLS
    🚀 VidIQ - How I optimise my CZcams videos - go.aliabdaal.com/vidiq
    ✍️ Shortform - The BEST summaries of books - go.aliabdaal.com/shortform
    📚 Readwise - How I remember what I read - go.aliabdaal.com/readwise
    🎵 Epidemic Sound - Where I get my music (amazing for CZcamsrs) - go.aliabdaal.com/epidemicsound
    MY KEY LINKS
    🌍 My website / blog - www.aliabdaal.com/
    🐦 Twitter - / aliabdaal
    📸 Instagram - / aliabdaal
    WHO AM I:
    I’m Ali, a CZcamsr, podcaster, soon-to-be author and ex-Doctor working in London, UK. I make videos that explore the strategies and tools that help us live happier, healthier and more productive lives. I also have a weekly podcast called Deep Dive (czcams.com/channels/hfo.html..., and I write a weekly email newsletter that contains some quick thoughts + links to interesting things (go.aliabdaal.com/subscribe-su....
    PS: Some of the links in this description are affiliate links that I get a kickback from 😜

Komentáře • 1,3K

  • @aliabdaal
    @aliabdaal  Před 2 lety +185

    If you enjoyed this video, you might like my weekly newsletter, where I share actionable productivity tips, practical life advice, and high-quality insights from across the web, check it out here: go.aliabdaal.com/subscribe-sundaysnippets

  • @TheGamingAlong
    @TheGamingAlong Před 2 lety +1509

    Thinking like a producer instead of a consumer has honestly changed my life.

    • @PowFlix
      @PowFlix Před 2 lety +27

      how. you comented literally on the same day as the video uploaded.

    • @stachowi
      @stachowi Před 2 lety +13

      Selfish people are consumers, empathetic/selfless people are producers.

    • @10lbslighter
      @10lbslighter Před 2 lety +4

      @@PowFlix coz this is how they get followers- lol

    • @heinaye3594
      @heinaye3594 Před 2 lety +9

      @@PowFlix it's from the book.

    • @navalravikant7339
      @navalravikant7339 Před 2 lety +9

      @@PowFlix because the book was published way before?

  • @MillieFord-gq1kz
    @MillieFord-gq1kz Před 9 dny +361

    Reading books on investing is impressive! It's great to see such dedication to financial education. The real key to getting rich is applying what you've learned consistently and making smart, informed decisions. Keep up the great work!!

    • @MariettaDiane
      @MariettaDiane Před 9 dny +1

      Reading and learning are crucial first steps, but the true transformation happens when you start applying that knowledge consistently. It's all about making smart, informed decisions and sticking to a solid financial plan. Keep it up, and you'll see great results!

  • @EnigmaEarningsExpedition
    @EnigmaEarningsExpedition Před 24 dny +1289

    The fact that nobody talks about the forbidden book Making Money Your Reality speaks volumes about how people are stuck in a trance

  • @andrewleonardi3351
    @andrewleonardi3351 Před rokem +239

    I read this book 8 years ago and it changed my life entirely. I learned to code and made a very profitable passive business entirely based on this advice.

    • @OstretsovArtem
      @OstretsovArtem Před rokem +2

      Share the link with us pls

    • @sameerroshan9542
      @sameerroshan9542 Před rokem +4

      what kind of business? hows it passive?

    • @andrewleonardi3351
      @andrewleonardi3351 Před rokem +1

      @Mohammad Al-Shuwaiee The Millionaire Fastlane

    • @robinfelix3879
      @robinfelix3879 Před rokem +1

      I m a software engineer, how did you do it? Few tips might help us

    • @idunusegoogleplus
      @idunusegoogleplus Před 11 měsíci +11

      ​@@robinfelix3879I doubt he will since the business probably doesn't want too many competitors hah. Getting rich is not easy after all! Figure it out yourself!

  • @josuemedina4967
    @josuemedina4967 Před 2 lety +508

    00:00 Intro
    00:33 Avoid the slow lane
    04:10 Work the process
    05:04 Build money trees
    10:27 Switch from being a consumer to a producer
    12:01 Show commitment, don't just show interest
    14:46 1. The commandment of need
    15:09 2. The commandment of entry
    16:18 3. The commandment of control
    17:06 4. The commandment of scale
    18:01 5. The commandment of time

  • @MarkJones-yu1rs
    @MarkJones-yu1rs Před 10 dny +400

    Ali that is a good book, but try reading 25 Money Secrets From Donald Trump and your opinion about the best money book might change

    • @kurtoskolack1201
      @kurtoskolack1201 Před 5 dny

      i don't know why, but i can't seem to find it. could you drop a link, please?

  • @anajarju3073
    @anajarju3073 Před 2 lety +218

    Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life below ⬇️

    • @anajarju3073
      @anajarju3073 Před 2 lety

      Kudos everyone--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- THESPACEHACKERS *COM ??? DO YOU THINK I WOULD BE ABLE TO GET TO MY SAID GOAL BY JOINING THEM!? So FAR ITS BEEN A CLEAR COAST TO TAKE.

    • @anajarju3073
      @anajarju3073 Před 2 lety

      Kudos everyone--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- THESPACEHACKERS *COM ??? DO YOU THINK I WOULD BE ABLE TO GET TO MY SAID GOAL BY JOINING THEM!? So FAR ITS BEEN A CLEAR COAST TO TAKE.

    • @anajarju3073
      @anajarju3073 Před 2 lety

      Kudos everyone--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- THESPACEHACKERS *COM ??? DO YOU THINK I WOULD BE ABLE TO GET TO MY SAID GOAL BY JOINING THEM!? So FAR ITS BEEN A CLEAR COAST TO TAKE.

    • @Waqas_Hamza
      @Waqas_Hamza Před měsícem

      👍

    • @kewitangold
      @kewitangold Před 19 dny

      Hell?

  • @leonradman7473
    @leonradman7473 Před 2 měsíci +268

    greetings to everyone and greetings Ali, thank you for the brilliant video, I would add the mysterious book Astro Money Alchemy, which tells the great secrets of money and making it, it is simply brilliant, and thank you once again for such a good video

  • @jodisnyder460
    @jodisnyder460 Před 2 lety +300

    Successful people don't become that way overnight. What most people see at a glance wealth, a great career, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life

    • @davidmark6520
      @davidmark6520 Před 2 lety +3

      You are right,
      to be a successful person in life requires hard work, being focus and committed

    • @estheralvarez5496
      @estheralvarez5496 Před 2 lety

      I've been thinking of going into some kind of investment like Gold, Stock and Cryptocurrency I don't know which one is best at the moment

    • @jodisnyder460
      @jodisnyder460 Před 2 lety

      @@estheralvarez5496 I would advice cryptocurrency own my own side it's been very profitable using my tactics

    • @richiesmart5197
      @richiesmart5197 Před 2 lety

      I agree with you it has been an eye-opening experience :)

    • @thomasbright4551
      @thomasbright4551 Před 2 lety

      Investment is the key to achieving success with the current pandemic

  • @marianparker7502
    @marianparker7502 Před 2 lety +121

    The market is driven by; Narratives and emotions in the short run, Fundamentals and truth in the long run. Use this to your advantage.

    • @instinctively_awesome8283
      @instinctively_awesome8283 Před 2 lety

      Good to remind people of this right now. you buy on fear and sell on greed or just hold through it all for the long term. It’s easy but many forget

    • @marianparker7502
      @marianparker7502 Před 2 lety

      @@wiebeplatt4749 sounds interesting. how can one locate this your coach please?

  • @adeoayoola
    @adeoayoola Před 2 lety +163

    This book was unbelievable. Not one sentence was wasted and it was written with very direct prose and real life examples. Totally mind-blowing, best business book I've ever read

    • @user-bs7vo3be6g
      @user-bs7vo3be6g Před 10 měsíci +13

      This is arguably the most repetitive book I've ever read. I can't believe you think not one sentence was wasted.

    • @apscis_3417
      @apscis_3417 Před 8 měsíci

      @@user-bs7vo3be6gAgree. Some useful advice, but waaayy too much time spent ragging on the “slow lane approach.”

    • @arunk2710
      @arunk2710 Před 8 měsíci +1

      ​@@user-bs7vo3be6g Repetition in different contexts helps with better understanding.
      People who downvote a book just because it's repetitive are probably reading for pleasure and are on the hunt for new stuff.

    • @kidmillionaire-dd1111
      @kidmillionaire-dd1111 Před 6 měsíci +3

      This Book is TRASH! In the Time I read MJ non stop ranting I could have done Work, or Achieved Mastery in a Money SKill. We need to stop Promoting this Book!

    • @Waqas_Hamza
      @Waqas_Hamza Před měsícem

      👍

  • @adamdittrichone
    @adamdittrichone Před 2 lety +121

    Building *Money Trees* and *disconnect time from money* are my most valuable lessons. Revisited my notes from 2020 because of this video. Glad I got some more value out of this book because of this. thanks! ✌🏻

  • @FastlaneMJ
    @FastlaneMJ Před 2 lety +179

    Ali, really appreciate the review. In all the video/blog reviews of TMF (and there have been many!) yours was the best and covered all essential topics. Great job my friend, and a big congrats on your growing empire!

    • @HectorKenzo
      @HectorKenzo Před 2 lety +6

      Your book is awesome MJ! I still lack commitment but it changed my take on Life.

    • @humbleambition
      @humbleambition Před 2 lety +1

      Yep he did a great job. Just bought the book on Audible 🙂

    • @lifeplantips
      @lifeplantips Před 2 lety

      Now I have to look for the book.

    • @snatchmonkeygurl
      @snatchmonkeygurl Před 2 lety

      In the middle of reading TMF and I am hooked. Its made me see myself in a different light. I badly want to change my life now

    • @dnwanja
      @dnwanja Před 2 lety

      Fantastic book MJ🙌

  • @CaptainSinbad
    @CaptainSinbad Před 2 lety +807

    Ali is making me fall in love with the teal and orange grade all over again. You are the son my parents deserved Ali 😆

    • @AparnaGurudiwan
      @AparnaGurudiwan Před 2 lety +8

      This 😹

    • @raia9
      @raia9 Před 2 lety

      teal and orange? don't get it

    • @tmcafrosounds
      @tmcafrosounds Před 2 lety +15

      @@raia9 he’s talking about the colour grade Ali is using on his new videos

    • @thesnscorner269
      @thesnscorner269 Před 2 lety

      Heck ya

    • @Carroty_Peg
      @Carroty_Peg Před 2 lety +2

      @@ChrisDhegarty Check the terrifying IFR rate of 99.7% survival rate. Quake in your boots.

  • @juliansyga5486
    @juliansyga5486 Před 2 lety +55

    "The hard work does not have to mean suffering." Really enjoy your videos and your perspective!

  • @StupidIsTheNorm
    @StupidIsTheNorm Před 2 lety +17

    I did a video recommending my 4 best self help books to buy. Both the E Myth and Fast Lane were on there. The other two were Shad Helmsteter’s ‘what to say when you talk to yourself’, and the other was ‘The richest man in Babylon’.
    Great video mate

  • @abidullahofficialyoutube7927

    I read his book "unscripted". He is a gifted writer

  • @edgarfabianfrias
    @edgarfabianfrias Před 2 lety +30

    As someone who is SUPER new to starting to think of themselves as a business person and feeling a bit overwhelmed with how there is to know about it, this has been really helpful and validating! Thank you so much fo the work that you do to create this content! You have such a calming and fun way of explaining concepts that can feel dense or difficult to understand!

  • @2passportsandpostcards
    @2passportsandpostcards Před rokem +16

    Single handedly my the best entrepreneurship book out there.

  • @mandybrent4456
    @mandybrent4456 Před 2 lety +185

    I am extremely glad I was able to join in when I did. , basically the best decision I ever made this year, never been so happy⬇️

    • @mandybrent4456
      @mandybrent4456 Před 2 lety

      ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ With everything so taxable, almost no point in doing it entering a scalp trade and gotta take into account risk plus a hefty chunk of profit taken for tax but with the support of THESPACEHACKERS𒊹︎COM platform all this are soft to handle for them..

    • @mandybrent4456
      @mandybrent4456 Před 2 lety

      ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ With everything so taxable, almost no point in doing it entering a scalp trade and gotta take into account risk plus a hefty chunk of profit taken for tax but with the support of THESPACEHACKERS𒊹︎COM platform all this are soft to handle for them..

  • @Rafael-rf1sp
    @Rafael-rf1sp Před 2 lety +20

    I'm currently living with my parents and I disturb them all day by telling what I read everyday . I think unknowingly it is a great way to remember what you read. And now I’m currently about 80% through "Playbook to Millions by Grant Cardone. I have read a lot of entrepreneurial books and self improvement books, and this book is my absolute favorite. This book is extraordinary and really gets you to work extremely hard toward your goals in life and succeed at multiple different areas like personal finance, business and career. This is an absolute must buy if you need a push to get you going in business or you want more out of life.

    • @caroldolan1485
      @caroldolan1485 Před rokem

      Hope you’re paying rent and your own way while disturbing g them;)

  • @MrUniqueLiving
    @MrUniqueLiving Před 2 lety +14

    Whoa, I read the book like 12 years ago. I need to read it now that I'm much older and wiser. Thanks for making this video.

  • @shafayat1676
    @shafayat1676 Před 2 lety +27

    1:05 3 path
    2:21 trap slow lane
    Lession 2 4:11
    5:07 build money tree
    5:40 type of money tree
    10:30 be producer
    11:55 book
    14:40 5 commandment

  • @traveltomoney
    @traveltomoney Před 2 lety +121

    A producer mindset is so important. I've never heard that particular phrasing, but it feels like the biggest difference between people who are building and people who are losing. And you're so right ... working hard can be FUN!!!

  • @samsulh314
    @samsulh314 Před 2 lety +7

    Commitment is the hard part. It’s hard to work 40 hours/week, handle family responsibilities, chores, errands, exercise, sleep, AND work on your side hustle.

  • @rauniyarujjwal
    @rauniyarujjwal Před 2 lety +23

    2:09 " You can enjoy your retirement at the age of 65 when you have osteoarthritis in both of your knees. " : (
    This is what motivates me to workaholic in my 20's ; )

    • @simonfernandes6809
      @simonfernandes6809 Před 29 dny

      You can afford to play for total knee replacements. Problem solved!

  • @damancandance1
    @damancandance1 Před 2 lety +14

    interesting to see ali be flustered describing his experiences with "hustle culture". it's a difficult position, because his life and upbrining were very different from the average viewer who didn't have great study skills and great confidence to see any meaningful output of thier hard work. this empty hustle activity for most people only compounds their reluctance for "the hustle" as they get older. i definitely don't fault him, but i think it's hard to speak to the average person's experience with hustles when i believe ali's habits and mindset, because they're so effective, took a lifetime to develop, nurture and hone.

  • @Saurankhan24
    @Saurankhan24 Před 2 lety +78

    I take Ali's advice more than other CZcamsrs.I really enjoy your books and business stuff. can't thank you more. you are such a motivator with logical reasons and words.

  • @wordsofinsight5456
    @wordsofinsight5456 Před 2 lety +22

    Great summary. I believe good timing is the chief factor that is often forgotten. If your timing is good, you can grow any business. However, if the timing is not right, no matter what you do, you can fail. Therefore, we should be smart and develop a sense of following what is going on around us to catch opportunities on time.

  • @JackCalvinRoss
    @JackCalvinRoss Před 2 lety +8

    Been watching your channel for years and I’m still blown away how amazing your videos have become. This was one of the most entertaining and valuable book reviews I’ve seen so far. Even the ad read was gripping dude. Need to learn how you do it. See you in PTYA.

  • @MrZola1234
    @MrZola1234 Před 2 lety

    The cut to the commercial at 8:35 ish was the best-least ubrupt commercial break i have seen in a CZcams video.

  • @aryan_01
    @aryan_01 Před 2 lety +15

    Authors like MJ are pretty rare. His honesty level is just commendable!

  • @RandallHallKaizenReiki
    @RandallHallKaizenReiki Před 2 lety +3

    The interesting part about the Law of Effection is that it applies to employees as well as entrepreneurs. Your employer pays you based on how much effect you have on others and how many are affected. That's why the CEO gets paid so much more than the janitor. The janitor's effect is that the people he cleans up for don't have to do it themselves. The CEO affects all of the employees and all of the customers.

  • @thapelonelsonntlhabo5998

    Thanks for another detailed and entertaining book summary. When it comes to book reviews you are one of the best, if not the best.

  • @pikaso6586
    @pikaso6586 Před 2 lety +1

    Yes have a backup because CZcams is killing its business with all those adverts. They are more of them and they get longer, Google/Alphabet are really too greedy.

  • @twowheelsandcroissant
    @twowheelsandcroissant Před 10 měsíci

    love how you summarize the book into actionable plans, makes me even more interested to read the details and put things into practice.

  • @abbys_house
    @abbys_house Před 2 lety +13

    I cannot really skip any part of your videos. Thanks for deciding to do this full time. You're an inspiration, Ali! Love from Philippines!

  • @mike6374
    @mike6374 Před rokem +3

    65 year old: Ah, I finally retired. Time for my vacation!
    Osteopetrosis: Oh! I am coming too!

  • @ievafaulkner6021
    @ievafaulkner6021 Před 24 dny

    I’m reading the book now. I’ve always felt like a member of the entrepreneur club, I’ve had businesses before. But then I had kids and moved countries and changed everything about myself, including my profession. I’m a food photographer now, living from one project to the next. I’m looked at as someone in control of my time because I make my own hours, I can show up to my kids performances and sports events, as well as take a month off and take a trip half way around the world to see my family. But I don’t have savings, I don’t have a house and I know I can have it. I’m desperately trying to think of a product that’s useful and scalable.

  • @JeanSeptember25
    @JeanSeptember25 Před 2 lety +53

    This was a long summary but if it intrigues me enough to wanna read this book, then I think the summary has served its purpose! 👍🏼 Also please don't air quote successful and hardwork, on yourself Ali. You put it in the effort and discipline to get to where you are. Own it. You deserve it. :)

  • @Sabikakayastha
    @Sabikakayastha Před 2 lety +10

    Yes that's my favourite book as well. MJ Demarco is really a straightforward author and entrepreneur.

  • @RestyConcepcionJr
    @RestyConcepcionJr Před 2 lety +2

    Amazing content (and backlight). Love the idea of the money tree. I have 2 on my list - courses and stock music. Keep it up bro!

  • @musicandsoundforhealth7108

    Maybe a long summary but you were good in talking fast yet clearly enough to understand all the points. Great work, thanks

  • @bradd5961
    @bradd5961 Před 2 lety +5

    Love these book reviews. Really great idea and useful info. Well done.

  • @BlindtoBillionaire
    @BlindtoBillionaire Před 2 lety +221

    Thank you so much for the review! I just finished reading this Book last night, it was great! I’m actually probably going to read it again starting today, there were so many great points! I was not aware of this book until I watched this video. It was funny and entertaining, as well as educational and a lot of great business ideas within it. Thanks again!

  • @chrishays558
    @chrishays558 Před 3 dny +1

    Sounds like a good book, but you recommendations conflict each other. On one hand you speak about working nonstop on your passion, but on the other you speak about the business managing itself. Both can be true but at drastically different time points; years apart. Growing slow is not all bad. It helped me become financially independent before I turned 50 and the skills I built while running a billion dollar businesses for other companies taught me the soft skills, the financial skills and the mindset a one day course can’t teach you. Thanks for the content. Consider reviewing see, solve, scale. It’s equally good and might be perfect for your audience.

  • @AJohnson0325
    @AJohnson0325 Před 2 lety +1

    I saw this book as a book recommendation on bigger pockets. I love book recommendations but I tend to buy books much faster than I can read them. I purchased this book and haven’t read it yet. I also just purchased the Psychology of Money due to your video.

  • @brettbeckwith5187
    @brettbeckwith5187 Před 2 lety +5

    This is the book that got me into entrepreneurship. Highly recommend it to everyone.

    • @sameerroshan9542
      @sameerroshan9542 Před rokem

      what did you build? is there more in the book than the summary?

  • @philipmcauley
    @philipmcauley Před 2 lety +12

    I watched this video at 2x so I'm already in the fast lane buds.

  • @ShewedDude
    @ShewedDude Před rokem +1

    This book is exactly what i need.. My psychology on money has always been this but could never be sure i was right.

  • @isareepirom-opas8453
    @isareepirom-opas8453 Před 2 lety

    Had the book for years and never finished it. Thank god for your book club

  • @darlucey
    @darlucey Před 2 lety +11

    I should be a billionaire with the amount of millionaire making videos I’ve watched at this stage

  • @agnusturcotte3897
    @agnusturcotte3897 Před 2 lety +4

    Just found you ! I'm trying to start a blog & I am loving your content!

  • @dulanadewpura4788
    @dulanadewpura4788 Před 2 lety +1

    I Bought this book after watching this video, and by far it is the best book that i have ever read in my entire life. Really great book, tons of stuff to learn. THANK YOU so much for sharing this!!!

  • @AFclubs
    @AFclubs Před 2 lety +1

    Thank Ali. Super helpful, I was skeptical 🤔 but now I’m clear about this book.

  • @mohammed-Ihsan
    @mohammed-Ihsan Před 2 lety +100

    That was helpful! Thank you!

    • @hassanalikhan2233
      @hassanalikhan2233 Před 2 lety

      Avoid this man who is giving his Whatsapp number and pretending to be as Ali Abdaal

    • @10lbslighter
      @10lbslighter Před 2 lety

      @Narendra Kumar Mourya yesss bots and paid likes / comments .. If you keep looking at his other videos you'll see same people making same comments over and over again..

  • @Rucola438
    @Rucola438 Před 2 lety +17

    The sad part is that even if it is extremely useful to switch from a consumer mindset to a producer mindset, the producers are nothing without their consumers. So if more of us turn to being a producer and less of a consumer, even if we do that to a small scale where we don't build wealth but we stay out of debt and live a decent life, it is going to affect the producers. Because even if your product is amazingly good and relevant, if more and more people consume less than they did before, producers will suffer. Hence why a lot of products break after a short period of time nowadays so we could buy even more. What I'm saying is, even though Ali's advice is good and inspiring, the whole system gets me down sometimes because it is based on infinite consuming and infinite resources from somewhere.

    • @fr5229
      @fr5229 Před 2 lety

      Is that English?

    • @Jejdjejbfjf
      @Jejdjejbfjf Před 2 lety +3

      Disagree. Producers will still buy stuff, except that they become more discerning and not fall for the usual tricks like deceptive advertising, etc.

    • @seansimpson7879
      @seansimpson7879 Před 2 lety

      I’m not gonnna lie I really don’t understand your point but the feeling I get from it is that you just need to believe in yourself more!! Instead of telling yourself all the reasons you could Fail tell yourself all the reasons you can succeed!!!!!!

  • @atulabid5029
    @atulabid5029 Před 2 lety

    You kinda give me the motivation to get doing my stuff. Hopefully you keep making videos man.

  • @InvestWithQueenie
    @InvestWithQueenie Před 2 lety +1

    Awesome book review! I’m going to add this one to my audible cart ☺️

  • @harisghole
    @harisghole Před 2 lety +5

    This was such an amazing video, Ali! Perfectly summarised the book.

  • @the1yearexperiment
    @the1yearexperiment Před 2 lety +3

    Man... this made me actually take a shot at building a product as a side business.. Not sure if very smart or very naive

  • @amanda.strutt
    @amanda.strutt Před 2 lety +2

    I really appreciate this! Even the break down of what "quick" actually means...I know it's basic but it helped me see a few things differently as normally I'm already eye rolling by now with the click bate type of titles and grabs... this was good! Thank you!

  • @GregDawson
    @GregDawson Před 2 lety

    I have a million dollar passive income in one year challenge going and people keep telling me it’s impossible. I just keep saying it’s completely doable … just not easy. That’s why it’s a challenge. Finding new systems to help me achieve my goal lead me to finding this book. I bought it in audible and started listening … a lot of dense info with some fluff I knew I could skip, which let me to CZcams because I knew there had to be someone who had a more condensed synopsis of it … and my boy Ali came in clutch. Thank you sir!

  • @Jubair194
    @Jubair194 Před 2 lety +7

    Ali is slowly turning into an entire economy

  • @wilsonrabbit7
    @wilsonrabbit7 Před 2 lety +7

    Thinking like a producer instead of a consumer has honestly changed my life

    • @10lbslighter
      @10lbslighter Před 2 lety

      paid comment

    • @sebfox2194
      @sebfox2194 Před 2 lety +1

      @@10lbslighter If it is a paid comment, then that would make them a producer, because they would be getting paid to produce comments.

  • @itsmekarishma_____128
    @itsmekarishma_____128 Před rokem +1

    Thank you so much for creating this video, it was wonderful to get to know how wealth actually works and how to build our way around it, love the video!

  • @ramseyaaronr
    @ramseyaaronr Před 2 lety

    Great advice! Thank you for sharing your wisdom!!

  • @AliceDickinsonx
    @AliceDickinsonx Před 2 lety +5

    I feel like I know all of this information as an accountant and general business interested person. But my issue is that I don’t know WHAT to create! :(

    • @supercrazydesi
      @supercrazydesi Před 2 lety

      In the same boat as you. I'm not sure what my passion is.

    • @bushcraftadventure5215
      @bushcraftadventure5215 Před 2 lety

      @@supercrazydesi how would you spend your time if money was no barrier? I mean if you could make the same as you do now but your time could be spent in anyway you choose?

  • @FT4YOU
    @FT4YOU Před 2 lety +13

    My alltime favorite book, it has literally changed my life!

    • @intentionalliving7326
      @intentionalliving7326 Před 2 lety +1

      Wow! Congratulations on coming across this book early on. I am just listening to it for the first time and can’t wait to integrate the strategy here ✨

  • @ritadepalma888
    @ritadepalma888 Před 2 lety

    Thanks for all your information about creating "passive income business". I saw you on Lewis Howes and now I'm following your You tube and blog. I have this book but have not read yet, I will! I've been working on "passive income business and REI investing" for 11 mos now. I'm learning so much. My "career" is Nurse Practitioner and the Medical Field has burned me out, especially during all this pandemic. I'm having a blast building my businesses and people like you are helping tremendously! Thank you!

  • @AMIRBENDABI
    @AMIRBENDABI Před 2 lety +2

    Try to combine your daily job with your side hustle. Once this side hustle starts making you money, try to transition from your job to your side hustle. This is the moment where you can transform this side hustle into a business.

  • @MuslimBestLife
    @MuslimBestLife Před 2 lety +8

    Think "Show commitment, not just interest" was a great point reconciling between pro- vs anti-hustle culture.

  • @stanleyjavin4911
    @stanleyjavin4911 Před 2 lety +25

    I realized that the secret to making a million is making better investment. I always tell myself you don't need that new Car or that vacation just yet and that mindset helps me make more money invest:ng. For example last year I invested 70k in blue chip stocks and crypt0 s (with the help of my advisor of course) and made about 380k, but guess what? I put it back and traded with her again and now I'm rounding up close to a million. Delayed gratification always pays off

  • @nabil_syif
    @nabil_syif Před 5 měsíci

    in rich dad poor dad, it is said that in order to get into fast lane, you need to have your own assets which one of it is a business system, its amazing how this book (specifically this video,) explains what type of system that available out there, it just make the point looks way clearer :O

  • @seansimpson7879
    @seansimpson7879 Před 2 lety +1

    I read Rich Dad Poor Dad a year ago. I think it talks about a lot of the same concepts!!!! I wanna read this one too!!!

  • @rizbanbhattarai4399
    @rizbanbhattarai4399 Před 2 lety +4

    Love the review this book sounds very similar to 10 pillar of wealth

  • @MrMsrahman24
    @MrMsrahman24 Před 2 lety +13

    This is such a brilliant book. Best book out there to shift mindset!

  • @xinnanluo3296
    @xinnanluo3296 Před 2 lety

    I almost watched every video you published, very inspiring, thank you so much for your sharing.

  • @MelloDeeBeats
    @MelloDeeBeats Před 2 lety +1

    Thank you, this was extremely informative. I have to buy this book now

  • @Dontbealemmingthinkforyourself

    I agree, it’s my favorite book and I’ve read it several times.

  • @letsstarttogather6701
    @letsstarttogather6701 Před 2 lety +12

    Ali, You're so lucky that you have thousands of friends from all over the world. So much love for all hardworking students. I am so excited to be connected with friends from different regions. Ans I need ur kind support ❤😊

    • @10lbslighter
      @10lbslighter Před 2 lety

      lol - new account created for a fake comment coming from god knows where ..

  • @mwiederrecht
    @mwiederrecht Před 2 lety

    I saw this video about a week ago.... bought the book and read it..... and wowwwww it was so good. Thanks for the recommendation! Now off to read it again.

  • @dogmomlifexoxo
    @dogmomlifexoxo Před rokem

    I knew there was another faster way than the grandparent way!!!! 🎉🎉🎉 I’m getting my the book thank you!

  • @ErikaSteele1
    @ErikaSteele1 Před 2 lety +12

    Hands down my favorite business book!

  • @abcddilse9722
    @abcddilse9722 Před 2 lety +5

    Your last recommended ‘The unfair Advantage’ was worth a million Ali n this one seems to be as valuable. You rock buddy👍👍👍

  • @konigvonpreuen8065
    @konigvonpreuen8065 Před rokem +14

    I chose the slow/safe lane 11 years ago in STEM. Been laid off twice so far

    • @GMatrix
      @GMatrix Před rokem

      hows ur financial situation

  • @zigkelleremo4324
    @zigkelleremo4324 Před rokem +1

    Just started reading the Millionaire Fastlane but it is already more interesting than most books on teaching you how to get wealthy, I can tell you early on that this book will be the best book I will ever read when it comes to finances and wealth.

  • @postwala2667
    @postwala2667 Před rokem +14

    I personally think one should be connected with TIME in atleast one area where you are called expert. The expertise generates cashflow especially during bad times and good times without having assets and money trees, gives confidence and above all the Respect and confidence. Infact its the center to building wealth. You have one area connected with TIME and rest can be disconnected.

  • @emmedee4095
    @emmedee4095 Před 2 lety +13

    "Hard work does not have to be suffering." I've really gotten a lot of value from past videos where you said you have fun with what you do. Thanks!

    • @intentionalliving7326
      @intentionalliving7326 Před 2 lety

      Yes! Hard work is not suffering and fast is not easy!! Love these viewpoints on the subject ✨

  • @AK-47ISTHEWAY
    @AK-47ISTHEWAY Před 5 měsíci

    This is probably the best video summary i've ever seen about this book 👍

  • @dafimed
    @dafimed Před 2 lety

    Love ur recomendations, will read it!!

  • @MarkNealJr
    @MarkNealJr Před 2 lety +4

    I really like this book. I read it and you gave a great summary of it. I find it funny that we both think you have to read some parts with a grain of salt lol!

  • @MuhammadAli1O
    @MuhammadAli1O Před 2 lety +5

    Please make more amazing videos like that.

  • @nickbenhoff
    @nickbenhoff Před 2 lety +1

    I agree with your comment on “hustle culture.” There are a lot of people at the top of their careers that tell people just starting that investing time and hard work is bad for you, yet without that time and hard work they necessarily wouldn’t be where they are?

    • @mrwilliambtc5689
      @mrwilliambtc5689 Před 2 lety

      ᵂʰᵃᵗˢᵃᵖᵖ♱①②④⓪⑧⑨②④⑥⑦④
      Thanks~~~~

  • @shariqueahmadazizy1946

    Commandment of need/value, control, time, ,scale,high barrier of entry

  • @dinanit
    @dinanit Před 2 lety +3

    This video shook me. I was not aware of having the consumer mindset, I am wondering if I can train it to become a producer; it seems like some people are naturally more inclined towards one or the other. Ali's videos have become so professional - the image quality and the contents (so to the point and efficiently presented) have greatly improved since the earlier days; it's a joy to observe that. The funny thing I noticed is the speed of Ali's speech - unlike other videos on youtube that I watch at least 1,5x speed, I almost want to slow down Ali's to process the information. Thoroughly enjoyed this one, let's see what I can do with the information I learnt 🙂

  • @milesnordwall
    @milesnordwall Před 2 lety +13

    Ali you do such an amazing job creating content that is engaging and overflowing with value

    • @bbb_888
      @bbb_888 Před 2 lety

      But he talks pretty fast, not good for ESL people or slow listeners...

  • @HealthyBearded
    @HealthyBearded Před 11 měsíci

    i just started reading this book because of you and I am loving it thanks bro.

  • @samueljames1576
    @samueljames1576 Před 2 lety +1

    Sir I am not your subscriber but trust me I click this video only because of the MJ Demarco video.....and I can say. That...this is foooking amazing book and this was my first book that I had read and this was the best practical book in the world. This book literally change my life in financial condition...trust me go right away and read this boook