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Why You Need to Become a 100%er

I belong to a mastermind group called Gobundance. We are healthy, wealthy, generous men who choose to lead epic lives.

gobundance-transparentGobundance has been a crucial part of my growth these past few years. I would not be where I am without the tribe. They hold me to higher standard and keep me accountable to my goals. The brothers of Gobundance are my mentors and I get the privilege to leverage their experiences, their past failures / learning lessons so that I can don’t have to do those mistakes.

One of the Pillar that Gobundance focuses on is Financial Freedom and they introduced me to a term called a “100%er.” So today I want to explain to you why I have “Becoming a 100%er” as one of my goals and why you should too.

So what is a 100%er and why you need to become a 100%er?

In a nutshell, being a 100%er means your passive income pays for your monthly expenses.

In a previous blog post I went over the difference between active income and passive income.

With that in mind, let’s figure our your %er number!

I want you to now write down 2 numbers:

1) The amount of Passive Income you have per month: PI

2) The amount of your Monthly Expenses: ME

Now, divide the passive income by the monthly expenses.

The total of that equation will give you a decimal. Times that decimal by 100 and add a % sign at the end.

For example. Let’s say that your passive income is $300 a month and your monthly expenses are $3,000… you will do:
300/3000 = .10
.10 * 100 = 10, now add the ‘%er’ at the end

You are a 10%er.

pi-expYour goal should be to be get your passive income to $3000 so that your passive income covers your expenses. That is when you will become a 100%er (100 percent-er) and achieve financial freedom.

Seeing it from the perspective of the “%er,” becoming financially free is not as hard because you can focus on increasing every year 1%, 5% or 10%. By thinking that you have to get to $3000 in passive income, you may get overwhelmed and think that to get to $3000 a month is impossible. By breaking it down it becomes more attainable, and I have the confidence that if you focus on just increasing that “%er” every year you will reap the rewards in an immense way in a few years.

Most people over estimate what they can do in 1 year and underestimate what they can do in 10 years so don’t worry if you are a 0%er. We will work together to increase that. At least now you are aware and can do something about it. Before, you had no idea what that was.

I once heard one of my mentors, David Osborn, share the story of a Gobundance brother who makes $1 Million a year on his active income and $30K in passive income a year. David told him that even though that $1 million is great, the $30K is more powerful because he didn’t have to work for it. Interesting, huh?

As you know, my goal is to become a 100%er before the age of 27 and I want you to join me on that journey as well! Make it a goal to become 100%er. If you are already a 100%er or more…congratulations! Super excited for your freedom.

So what %er are you? And how did you get to that? Post your thoughts on the comments below.

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