The Millionaire Fastlane

[enmartinson]

Originally Posted by roxyruby

I have read this book & thought it was so good, it really motivated me & also changed my thinking in a crucial way.

But I'm worried by what you say, I have been buying books based on Amazon reviews. I just look for lots of positive reviews with lots of like and agreement of each positive review those "this amount of people found this review helpful". Maybe that's not the best way to gauge a good book?

I actually look to the reviews to stop me buying something rather than the other way around. The thing that motivated me to buy this book was an interview MJ did... I really liked what he was saying. I looked at some of the reviews, but there wasn't anything that alarmed me at that point. I started reading the preview copy and bought it before I was done with that. Gotta love the kindle version for instant gratification

[mikethedrummer44]

Originally Posted by James81

I just purchased it from the Kindle store based on this post alone. You should put up an affiiliate link.

Not fastlane, but still a good way to earn a quick $20, apparently.

[Kaie]

I just ordered it from Amazon. Thanks for enabling me to buy yet another book

[Cochonette]

Originally Posted by Mounds

So I bought this book based on mikethedrummer's recommendation.

The verdict? It's very, very, very, very good. 5/5 good.

I skipped ahead a bit and got into the business end of things. In terms of building something out of nothing, I can't think of anything better. It's f'ing good.

"Rich Dad, Poor Dad" read to me like someone trying to sell me something. In fact, that's exactly what the author was doing. He was trying to sell me more books and seminars. It's worth the paper it's written on.

"Millionaire Fastlane" can easily be a $10,000 book. I am totally convinced that if a person were to apply what they read in here, there is no reason they can't make money. Not only is it inspiring, it's informative.

Curtis, I have to agree with you. Mounds' review sounds like he was paid to do it. I'm not kidding! I guess you could say that I would give ratings to reviews themselves - now, most people appear to rate reviews on how positive/negative they are. Whenever I write a review on Amazon, it's popularity is based on how many good things I had to say... if I wrote a glowing review, I got all "helpful" ratings, if I wrote a scathing review, I got no "helpful" ratings. It had little to do with the actual content of what I said.

But this mindlessness annoys me! Seriously, I know Mounds' post is just a post and not an actual "post a review on Amazon" type of thing, but I do not rate reviews as helpful for statements like, "It's worth the paper it's written on." lol. I mean, I know, since Mounds has cred here, it means something, but if were coming from a totally anonymous stranger? No. The internet is too full of junk to be trusted like that, IMO. I almost bought this book once that had glowing reviews on Amazon... I clicked on the photo and discovered that the book in its entirety was actual available to be read right there on Amazon. So I read it. It was absolute drivel. I also bought one book on Amazon with similarly glowing reviews that was totally awful... I noticed later that someone had reposted the exact same 5-star review 2-3 times... and when I posted a scathing review, someone reposted that 5-star review once more to push mine down.

Think about it. If you were writing a paper for class, this would not be acceptable. You do not get graded for how positive you are, at least not at a rigorous university. You have to justify what you're saying, make an argument, persuade through critical thinking.

[Mounds]

Hi Cochonette,

This post has nothing to do with you but a phenomenon I've seen many times before. I think it's called loss aversion.

Ya know what other book is freakishly good, which I recommend any chance I get? I Will Teach You To Be Rich by Ramit Sethi. Between that book and the one in question, I spent a grand total of $20.

Ramit Sethi's book helped me pay down $20,000 in debt.

Millionaire Fastlane got me thinking in new directions and I expect that one day, it will make me a lot of money.

Rich Dad, Poor Dad saved me $5 on toilet paper.

Now I'm going to take the time to talk about some things that I spent about $20 on, which gave either negative results or no results at all:

Two tickets to the latest Jennifer Aniston movie for $20 = two hours of sheer pain.

Two meals at McDonalds for $20 = heartburn and hours in the bathroom.

Two packs of cigarettes for $20 = about 50 hours off of my life.

A visit to the VLT's for $20 = a virtual guarantee that I will lose my money.

Four terrible investments that people will gladly spend their money on. Of course, no one cares about that. We care about getting taken by a positively reviewed book that doesn't live up to expectations. A book is a far greater waste of money than a pack of cigarettes or an awful movie. No one is going to agree with that statement but our actions would suggest differently.
I believe loss aversion is the term. No one wants to get screwed. At least with cigarettes and junk food, we know what were getting. VLT's have ways of negating the loss aversion (making you feel good with bright colors, lights and the slight possibility of winning). But when we read that a book is really good and contains information that you can actually use, we yell, "STOP THE MADNESS!".
Rich Dad, Poor Dad is a titan of a book and it contains literally nothing that you can make money with. What it does do is make you feel like you can do anything, including invest in real estate. So what happens if your $300,000 investment doesn't pan out? File for bankruptcy?
Loss aversion, baby. Avoid getting screwed, even if it means you miss out

[James81]

I started reading it last night right before bed and I'm up into chapter 4 now. I like his style of writing, and it's really refreshing to see a published self-help book use foul language (I didn't think that existed! ). Ok, well it's not really "foul," but there's some cursing.

Hearing his personal story was interesting. Not many author's of these types of book go into that great a detail about how they got where they are. (Because I suspect a lot of them found their success IN the self help field itself, not outside of it.)

So far so good. I like the way he's breaking things down.

I'm still looking for the "money shot" so to speak, though. Thus far he's talked about why the slow lane is BS, but I haven't gotten to the fastlane stuff yet.

[James81]

There is one very minor detail, though, that I didn't necessarily agree with. But I think it's really a subjective thing.

He said something along the lines of 1.2 million not being a lot of money and how it quickly dwindled down to less than 300K.

That kind of money would pretty much be all I'd ever need in terms of taking care of my needs. And I don't have lofty needs (like, I don't aspire to own a Lambourghini like he does ).

I think in terms of the big purchases that we make that we pay interest for using loans now and, how, if one were to buy those things with cash, you'd ultimately save SO MUCH money just by not ever having to pay interest again.

Such as buying a house. In terms of interest on a 30 year mortgage, you wind up paying damn near close to double the market value when you add in the interest you pay. Imagine having that money in your pocket.

How much of your money is going to paying the INTEREST on your loans/credit cards? Think about that. No, go online to an online calculator and calculate it. See just how much of your money is going towards your need to have whatever it is you want NOW, rather than paying cash for it later.

Now, a lot of finicial gurus will give you the spiel...PAYING CASH FOR THINGS IS STUPID, and here's why....

Then they usually tell you that if you invest your capital, the interest you gain on that capital will do better than the interest you are paying on the loan you took.

I have literally proven this to be false in the shorter term...for something like the purchase of a car, YOU ARE LOSING MONEY by financing it and investing your capital.

Now, for your house, it's a different story, but it's *still* close.

The moral of the story is this: if you were to live your life without ever having to pay a dime of interest again, the amount of capital you would need to fund THAT lifestyle would be WAY lesst han the amount of income you need to sustain a lifestyle that involves debt.

[moonrambler]

Originally Posted by James81

I have literally proven this to be false in the shorter term...for something like the purchase of a car, YOU ARE LOSING MONEY by financing it and investing your capital.

That's not The Truth (TM) though. Like if you can finance a car at 0.9 percent interest at a time when you can get anything above that in a money market account.

[SnerpGoodWord]

Originally Posted by moonrambler

That's not The Truth (TM) though. Like if you can finance a car at 0.9 percent interest at a time when you can get anything above that in a money market account.

This is the correct answer. You need to look at the spread between the rate you're being charged to borrow money against the purchase vs. your zero-risk rate of return. Generally that means a T-bond of similar duration to the loan, although individuals could have better zero-risk options in some cases. If the loan you're considering taking out is an ARM, you should always compare to the 13-week T-bill regardless of duration.

As an aside, I would not use money market/eurodollar rates, since those factor in the risk of default on a major European money center bank, which has at times been a non-zero risk.

[SlicK]

He said something along the lines of 1.2 million not being a lot of money and how it quickly dwindled down to less than 300K.

That kind of money would pretty much be all I'd ever need in terms of taking care of my needs.

It's a lie that most of us believe because we think that we'll have the same needs, wants and mentalities when we will have that kind of money.

If you have 3 pairs of shoes you like, you're pretty much happy to wear those and alternate as you wish/need. But that doesn't mean that if you get another 20 pairs, you will still wear those 3 pairs. You don't need to alternate between so many pairs, but it's enjoyable and... if you have them, "why not?".

I know many people that think that if they had 1 million dollars, all their problems would go away and they would be abundant. I tell them that I wish I had 1 million to give to them just to prove that they'll come back to the internal constant they set for themselves. You have to change yourself to change the constant otherwise the income/expenses ratio will be the same no matter how much money you have.

[James81]

Originally Posted by SlicK

It's a lie that most of us believe because we think that we'll have the same needs, wants and mentalities when we will have that kind of money.

If you have 3 pairs of shoes you like, you're pretty much happy to wear those and alternate as you wish/need. But that doesn't mean that if you get another 20 pairs, you will still wear those 3 pairs. You don't need to alternate between so many pairs, but it's enjoyable and... if you have them, "why not?".

I know many people that think that if they had 1 million dollars, all their problems would go away and they would be abundant. I tell them that I wish I had 1 million to give to them just to prove that they'll come back to the internal constant they set for themselves. You have to change yourself to change the constant otherwise the income/expenses ratio will be the same no matter how much money you have.

I'm not saying it would be easy to maintain your current lifestyle needs while having an abundance of money to have whatever you want.

But I think I could do it, because I've thought about how I would handle such a windfall if it were to happen. IMO, it would be a matter of frontloading your out of pocket purchases (i.e. the things you want) and then relegating the rest of it to income status.

In other words, buy the things you want upfront, and don't consistently make impulse purchases beyond that. The reason people blow through large amounts of money like that is because once something beyond their abundance limit is reached, they don't know how to manage it. I've always said that personal finances is about 75% simply KNOWING where your money is going and 25% of having a plan for what you do with your money.

In other words, if you say "Oh, I have the money, minus whale buy THAT" everytime you see something shiny, then, yeah, you're going to chew through it pretty quickly. Or buying a car for status or to look rich or whatever. That kind of financial management will take you from very rich right back to where you were pretty quickly.

On the other hand, if you know in advance what you want, and you go get only those things, you can make a small amount of money last a really long time.

For example, if I were to have a million dollars drop in my lap today, I know EXACTLY what I would do with it:

Buy a house. I don't want a big house with a rooms that I'll never visit. I want a house that would suit exactly what I wanted. I'd have about 4 or 5 bedrooms at the max, and I wouldn't spend much more than $150K on a house. Why? Bigger house means bigger upkeep means bigger maintenance costs. I would want a bedroom for me and my kids and an extra room for an office/gym. Plus, buying a house would automatically cut out the largest monthly bill I would have.

Pay off any outstanding debt. (this would involve college loans essentially for me)

Buy a brand new car. Something midsize, that gets decent gas mileage, that's not "cheap", but doesn't have to be flashy either. Something in the 20K range. And I'd keep that mo fo for several years.

Fund a business pursuit. I'd have to spend some time thinking about what type of business I would want to fund. I would want something that is self-sustaining, that will reap the money I put into it back over and over again as profit, and something that I would rarely have to pay attention to (passive income).

Then, the rest would go into investments that yield decent interest but are not necessarily risky, and I would determine a specific income that I pay myself from that (if I paid myself at all).

And from there, I'd still work, but I would do the work that *I* wanted to do, without worrying about HAVING to work.

I would use the money I make from doing the work I love to travel a few times per year. That would be my "play" money, to go live it up, while the rest of my system takes care of my basic needs and wants (such as utility bills, phone bills, etc.).

That would be my plan. It sound rather rigid and I'm sure some people would look at that and go "borrrrrinnnngg!" But I can tell you first hand, the lifestyle I would lead with that plan would be anything BUT boring. It's just that I'd autopilot my finances in this structured way so that it's sustainable.

[James81]

And to add to my post above...a couple of things...

First of all, I haven't finished the book yet, so some of my ideas might radically change after reading it. Who knows.

Secondly, don't buy into the lie that it's a lie that you could manage a huge windfall of money like that. The fact that people tell you "oh, it would be different if you actually HAD the money" is a load of baloney that gets you to NOT THINK about what you would do with. If you buy into that, then you'll be like "Ok, you're prolly right, it's a lie, so why bother."

And it's that type of thinking that causes financial issues in the first place!

It doesn't matter if you ever get a windfall like that. Or even if you do and you DON'T follow the plan you laid out, that's perfectly acceptable too.

But I would highly encourage all of you, every last one of you who read this, to PLAN FOR A WINDFALL. Make a plan for what you would do with the money. That's PART of sound personal finances. Make your plan however you want it, too, but be conscious of how to make it sustain itself. That's the biggie.

And in the ACT of planning for a windfall, you'll gain valuable insights into how you currently manage your finances and what you could improve on.

[SnerpGoodWord]

I would agree that being able to manage a windfall is a key component of financial competence. Anyone who is incapable of figuring out how to structure their finances so that a 1-2m windfall would make you independent probably also doesn't have the skills to earn and keep that amount of money by non-windfall means.

Managing a windfall is really just another term for understanding the power of capital.

[James81]

Originally Posted by SnerpGoodWord

I would agree that being able to manage a windfall is a key component of financial competence. Anyone who is incapable of figuring out how to structure their finances so that a 1-2m windfall would make you independent probably also doesn't have the skills to earn and keep that amount of money by non-windfall means.

Managing a windfall is really just another term for understanding the power of capital.

In fact, I think it would make a great thread actuall.

[mikethedrummer44]

I remember hearing an interview with the author, and he said that the $1.2 million wasn't actually $1.2 million.

By that, I mean after taxes, a bit of excess spending, and a few other things he mentioned (forgot about them, I just know they existed and were necessary), the $1.2 million wasn't that much anymore.

He used the last of it to buy back his website, which was about $250k. Once again, not sure on details, but the bottom line is that $1,000,000 isn't actually that much once you own it.

[Agota]

I'll get that book as well - this thread got me really interested

[SnerpGoodWord]

Originally Posted by James81

In fact, I think it would make a great thread actually.

I agree - there's plenty of discussion on these forums about how to apply labor towards making money, but almost none about how to apply capital to the same ends. That makes a certain amount of sense for people who have no capital available, but assuming you do manage to make some money through your initial labor then the situation changes.

[Mounds]

Tim's Ultra-Simple Plan to Control Your Money

1. Create an annual budget. If you visit the dentist twice a year, put it in there. If you buy Christmas gifts, put a budget on it. Haircuts? Budget it. Once you've done all that, divide all those numbers by 12. That's the amount of money you'll be putting away each month for that stuff.

2. Create automatic transfers. Why is it that we have all these nice services and some of us are still living in the stone age? You don't miss what you never had. Get those transfers automated. Bill payments, savings, debt payments, annual budget money. Create as many sub-accounts as you need.

3. Ignore bean counters at all costs. Go to any personal finance blog, go to Edit in your tool bar, click Find and type in "%". Keep clicking until you see a bunch of percentage signs in a post. That's a bean counter. He's showing you why your plan doesn't make logical sense. Too bad for him, he doesn't realize that not everyone has a passion for squeezing water out of stones.

4. Maintenance. If it ain't broke, don't fix it. If the accounts are going up and the debt is going down, you're doing just fine.

[freddy]

James81 you wrote:
For example, if I were to have a million dollars drop in my lap today, I know EXACTLY what I would do with it:

Buy a house. I don't want a big house with a rooms that I'll never visit. I want a house that would suit exactly what I wanted. I'd have about 4 or 5 bedrooms at the max, and I wouldn't spend much more than $150K on a house. Why? Bigger house means bigger upkeep means bigger maintenance costs. I would want a bedroom for me and my kids and an extra room for an office/gym. Plus, buying a house would automatically cut out the largest monthly bill I would have.

Pay off any outstanding debt. (this would involve college loans essentially for me)

Buy a brand new car. Something midsize, that gets decent gas mileage, that's not "cheap", but doesn't have to be flashy either. Something in the 20K range. And I'd keep that mo fo for several years.

James81
I would rent or lease everything instead of buying if I had a million buck drop into my lap.My reason would be if you buy. Your straped in for a long term. If a nasty neighbor moves in next door your traped.Hoping to be able to sell without taking a big loss. With my way you just move. Fridge stop work roof leak call the owner and let them deal with it. Owning a home sound all great but it just pins you down in the long run, and you never really ever own it, with taxes and upkeep. Plus the money you spent on the home. I could put to work for me in other money make ideas. Just a thought.

[SnerpGoodWord]

Originally Posted by Mounds

Tim's Ultra-Simple Plan to Control Your Money

1. Create an annual budget. If you visit the dentist twice a year, put it in there. If you buy Christmas gifts, put a budget on it. Haircuts? Budget it. Once you've done all that, divide all those numbers by 12. That's the amount of money you'll be putting away each month for that stuff.

2. Create automatic transfers. Why is it that we have all these nice services and some of us are still living in the stone age? You don't miss what you never had. Get those transfers automated. Bill payments, savings, debt payments, annual budget money. Create as many sub-accounts as you need.

3. Ignore bean counters at all costs. Go to any personal finance blog, go to Edit in your tool bar, click Find and type in "%". Keep clicking until you see a bunch of percentage signs in a post. That's a bean counter. He's showing you why your plan doesn't make logical sense. Too bad for him, he doesn't realize that not everyone has a passion for squeezing water out of stones.

4. Maintenance. If it ain't broke, don't fix it. If the accounts are going up and the debt is going down, you're doing just fine.

The issues with this is that it only talks about what to do when your net worth is negative or near zero. At some point if all that goes well you're going to have to learn something from the "bean counters"

[AlexM]

I looked it up on Google Books to see if I could preview some of it, but there is no preview.

[Cochonette]

Originally Posted by Mounds

Hi Cochonette,

This post has nothing to do with you but a phenomenon I've seen many times before. I think it's called loss aversion.

Ya know what other book is freakishly good, which I recommend any chance I get? I Will Teach You To Be Rich by Ramit Sethi. Between that book and the one in question, I spent a grand total of $20.

Ramit Sethi's book helped me pay down $20,000 in debt.

Millionaire Fastlane got me thinking in new directions and I expect that one day, it will make me a lot of money.

Rich Dad, Poor Dad saved me $5 on toilet paper.

Now I'm going to take the time to talk about some things that I spent about $20 on, which gave either negative results or no results at all:

Two tickets to the latest Jennifer Aniston movie for $20 = two hours of sheer pain.

Two meals at McDonalds for $20 = heartburn and hours in the bathroom.

Two packs of cigarettes for $20 = about 50 hours off of my life.

A visit to the VLT's for $20 = a virtual guarantee that I will lose my money.

Four terrible investments that people will gladly spend their money on. Of course, no one cares about that. We care about getting taken by a positively reviewed book that doesn't live up to expectations. A book is a far greater waste of money than a pack of cigarettes or an awful movie. No one is going to agree with that statement but our actions would suggest differently.
I believe loss aversion is the term. No one wants to get screwed. At least with cigarettes and junk food, we know what were getting. VLT's have ways of negating the loss aversion (making you feel good with bright colors, lights and the slight possibility of winning). But when we read that a book is really good and contains information that you can actually use, we yell, "STOP THE MADNESS!".
Rich Dad, Poor Dad is a titan of a book and it contains literally nothing that you can make money with. What it does do is make you feel like you can do anything, including invest in real estate. So what happens if your $300,000 investment doesn't pan out? File for bankruptcy?
Loss aversion, baby. Avoid getting screwed, even if it means you miss out

That's fair enough and all, but the reality is that there are far more people addicted to junk food and nicotine than books. And that's for very evolutionary/chemical reasons, not because the book's not shiny and stuff.

[rawxstasy]

Originally Posted by SlicK

I know many people that think that if they had 1 million dollars, all their problems would go away and they would be abundant. I tell them that I wish I had 1 million to give to them just to prove that they'll come back to the internal constant they set for themselves. You have to change yourself to change the constant otherwise the income/expenses ratio will be the same no matter how much money you have.

I can vouch for this. I made $120,000 a year and it wasn't enough. I went deep into debt during that time trying to maintain a lifestyle that was over budget.

[gene2009]

Could somebody tell where i can buy that ebook-pdf via paypal, please

[James81]

Originally Posted by gene2009

Could somebody tell where i can buy that ebook-pdf via paypal, please

Purchase/Buy the Millionaire Fastlane by MJ DeMarco

It's going to be cheaper if you buy the Kindle version. You don't need a Kindle, smartphone, or iphone/ipad to read kindle books.

Kindle for PC link: Amazon.com: Kindle for PC - Read Kindle eBooks on your PC

[danthony]

I've heard good things about this book, but wanted to see a few more reviews on here.

[gene2009]

Originally Posted by James81

Purchase/Buy the Millionaire Fastlane by MJ DeMarco

It's going to be cheaper if you buy the Kindle version. You don't need a Kindle, smartphone, or iphone/ipad to read kindle books.

Kindle for PC link: Amazon.com: Kindle for PC - Read Kindle eBooks on your PC

Thank you. I've just purchased the book-pdf. It should be mine in 8 hours or less.

[James81]

Originally Posted by gene2009

Thank you. I've just purchased the book-pdf. It should be mine in 8 hours or less.

I'm just being curious here but...why would you pay 22 dollars for the PDF version (and have to wait for up to 8 hours) when you could have the Kindle version instantly for 10 dollars?

[SlicK]

In other words, if you say "Oh, I have the money, minus whale buy THAT" everytime you see something shiny, then, yeah, you're going to chew through it pretty quickly. Or buying a car for status or to look rich or whatever. That kind of financial management will take you from very rich right back to where you were pretty quickly.

It's not only about mindless spending on useless stuff. For example when I had a little bit more money than I usually need, I invested in music creation equipment. Nothing big: a microphone, a headset, a surround audio system, a soundcard, a keyboard, stuff like that. But if I had 100K right now I would take it to a whole different level, relatively fast. I would invest into a studio, promotion and collaborators. And I might struggle for a year or 2 or I might be successful fast, who knows? But That 100K would go fast anyway. From my point of view, money must circulate, it must be USED in constructive ways. Having 100K and "keeping 50% of it safe" "just in case" seems like a waste to me if it can be used somehow. Of course, it depends on the person. Some people like to chill and be safe. Others are adventurous, they wanna run and play and experience. There's no universal recipe. The only reason for saving money for me is for when you'll be old. There will probably come a time when I will want to chill and spend time with whatever family I will have. But even so, it's a stupid game. Money that just sits there, loses value. The best case scenario is to constantly generate revenue. The second best scenario is to have a pile of cash. The worst scenario is to have no money .

It would feel pretty unsatisfying to sit on 100K and just keep it there and keep the spending to a minimum and live a safe life knowing I have money. I have money but where's the experience, the purpose, the fulfilling work? OR, being "responsible" and investing a little bit now, a little bit later, "just to be sure it works" and having a safety net in case I fail also is a bad idea for me.

So, the idea is: if you spend 80% of your money on useless ♥♥♥♥♥, you'll spend 80% even if you have 100 times more money. If you invest 80% for a passion/hobby/making more money, you'll still invest 80% when you have more money. With effort, you can change it, if it needs to be changed. It's relative. It's not like, if you have a bigger pile of money then it should last longer.

Of course, everything I said applies to the case of "getting" a pile of money, instantly or over the course of some relatively short time. If your monthly income is relatively huge compared to what you need&want then the story changes. And basically, that's the best scenario for me: making more than I need to spend. It seems like a good idea to save 10% or 20% or whatever if I make $5,000/month. But if I "get" a big pile of cash somehow, I want to use it. I don't think it's about how much % you use from what you have, I think it's about HOW you use it. You can do something constructive with it or not. It can produce positive results or no results.

[James81]

Originally Posted by SlicK

It's not only about mindless spending on useless stuff. For example when I had a little bit more money than I usually need, I invested in music creation equipment. Nothing big: a microphone, a headset, a surround audio system, a soundcard, a keyboard, stuff like that. But if I had 100K right now I would take it to a whole different level, relatively fast. I would invest into a studio, promotion and collaborators. And I might struggle for a year or 2 or I might be successful fast, who knows? But That 100K would go fast anyway. From my point of view, money must circulate, it must be USED in constructive ways. Having 100K and "keeping 50% of it safe" "just in case" seems like a waste to me if it can be used somehow. Of course, it depends on the person. Some people like to chill and be safe. Others are adventurous, they wanna run and play and experience. There's no universal recipe. The only reason for saving money for me is for when you'll be old. There will probably come a time when I will want to chill and spend time with whatever family I will have. But even so, it's a stupid game. Money that just sits there, loses value. The best case scenario is to constantly generate revenue. The second best scenario is to have a pile of cash. The worst scenario is to have no money .

It would feel pretty unsatisfying to sit on 100K and just keep it there and keep the spending to a minimum and live a safe life knowing I have money. I have money but where's the experience, the purpose, the fulfilling work? OR, being "responsible" and investing a little bit now, a little bit later, "just to be sure it works" and having a safety net in case I fail also is a bad idea for me.

Funnily enough, this line of thought is in the book.