Nikorasu
Contributor
User Power
Value/Post Ratio
110%
- Oct 31, 2018
- 68
- 75
So I’m currently on chapter 37 of MF, and after spending a couple hours working on it, I’ve mapped out my roads destination. I thought I would share it here to keep myself accountable and make it real to me instead of having it in a google doc that only I have access to.
The lifestyle:
Gross living cost:
25,800 / .60 =
$43,000
Money system target:
$10,320,000
I’m still financially illiterate, but from what I understand a money system is having money from your passive income stream rented out to others in either the form of loans, or stocks, etc.
The goal of the money system is to eventually have the money generated from it funding your lifestyle, replacing the passive business system which was funding your lifestyle expenses. If I’m wrong about this please let me know.
Business system target:
$215,000/mo
As soon as I finished this I was asking myself “What does $1,400 a day in problem solving look like?” albeit that isn't necessarily a high volume of sells a day depending on what you sale, it immediately had me shifting around potential fastlane ideas I had.
And if any of you guys have resources for the financial illiterate, please share. I have no idea how to calculate interest rates or the need for them in the first place. I figure it’ll make sense to get a grasp on the basic things before jumping into something this massive.
Feel free to share your destination below and the steps you can take today towards them.
The lifestyle:
- A house across the country in the North-West - $5000/mo
- The ability to take 3 months out of the year to focus entirely on learning a new skill. (used learning to surf on Bang Tao beach Thailand as an example) - $7,000 per month
- Own a 718 Cayman - $800/mo
Gross living cost:
25,800 / .60 =
$43,000
Money system target:
$10,320,000
I’m still financially illiterate, but from what I understand a money system is having money from your passive income stream rented out to others in either the form of loans, or stocks, etc.
The goal of the money system is to eventually have the money generated from it funding your lifestyle, replacing the passive business system which was funding your lifestyle expenses. If I’m wrong about this please let me know.
Business system target:
$215,000/mo
As soon as I finished this I was asking myself “What does $1,400 a day in problem solving look like?” albeit that isn't necessarily a high volume of sells a day depending on what you sale, it immediately had me shifting around potential fastlane ideas I had.
And if any of you guys have resources for the financial illiterate, please share. I have no idea how to calculate interest rates or the need for them in the first place. I figure it’ll make sense to get a grasp on the basic things before jumping into something this massive.
Feel free to share your destination below and the steps you can take today towards them.
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