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My Golden Rules for Financial Freedom: Why I’m going to Reach $1 000 000

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My Golden Rules for Financial Freedom: Why I’m going to Reach $1 000 000


This article was posted on Wednesday, 13:31, UTC.

This is the most important overall lesson I can teach you. It involves multiple of my strategies, strategies that I’ve written about before. But I’m writing this article to give you an overview of what I’m doing. Since I started and the new strategy for reaching $1 000 000 and financial freedom (in my eyes, could be very different for you) I’ve made more money than I’ve ever made before. My cashflow is increasing monthly thanks to CCN.LA, and Wilhelmsen (my regular job), and my investments are doing very well, including my trading strategy – the 2% Club.

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I’ll make this article to the point. No bullshitting around. I sincerely hope that you will follow the same strategy as I am, it will make you financially independent in the long run.

Qualities needed

  1. Patience
  2. Will
  3. Brainpower

Golden Rule #1

Always be cashflow positive.

You must have a job or a business where you receive positive cashflow on a monthly basis.

Golden Rule #2

Have a side gig.

If you are employed, try to establish a second revenue stream. This can be done by creating a business on the side or even having a second job (even though I would not recommend the latter). With a second revenue stream, you are certain that you will be cashflow positive even though you would lose your regular job or business. I’m currently employed in Wilhelmsen, but I have two separate revenue streams from and CCN.LA, including the one I’m receiving at Wilhelmsen.

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Also read: You will lose your job

Golden Rule #3

Continuously increase your monthly income.

This might be hard if you are employed in a company. But then you should have a side gig you can focus on off-hours. Always try to find new revenue streams.

Golden Rule #4

Pay debt.

If you have loans, try to pay them as fast as possible. I do not like to have loans. You could benefit from having loans if you get tax deduction – as we do in Norway, but still, I’m no big promotor of having debt.

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Golden Rule #5

Invest surplus money.

If you have surplus money, money that you do not spend on the most essential things, invest a certain percentage on a monthly basis. I’m investing 33% of my monthly income and will do so for many years to come. That’s why I created the 33% Club.

Golden Rule #6


All these golden rules should be followed in the same chronological order. If you fail at one golden rule, you should not continue to the next one. There’s a reason for having “trading” as the last golden rule. You should not trade with money unless you are able to complete the first five golden rules. Trading is risky, you can lose more money than you put in, and that fast. However, if you have reached the sixth golden rule, then you could join me in the 2% Club (or create your own trading strategy).

And finally, remember: Never lose money.

Please comment below if you have inputs.

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Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.

Feedback or Requests?

Jonas Borchgrevink

Jonas Borchgrevink

Founder of and CryptoCoinsNews

  • user

    AUTHOR gullyfoyle

    Posted on 3:54 pm July 19, 2017.

    Nice and no bullshit. Cool stuff Jonas.

  • user

    AUTHOR TinyAudio

    Posted on 3:58 pm July 19, 2017.

    This post sums up exactly my current position.

    I am currently at step #4 I need to pay down debt after a complete renovation of our home. Luckily we had three valuations and they all came in very positive putting our gains at ~30% the proof now is in someone paying that valuation.

    Then I need to sit down with my wife and decide if the side-gig (we completed 4 renovations in 3yrs) becomes “the gig”.

    Once we figure that out it will decide if we move to #6.

    • user

      AUTHOR Jonas Borchgrevink

      Posted on 4:01 pm July 19, 2017.

      Have you reached rule #5? 5 before 6.

      • user

        AUTHOR TinyAudio

        Posted on 4:35 pm July 19, 2017.

        I have saved 10% of my monthly salary since my 18 birthday, so 15 years.

        Much of that is now tied into the house. We live very simply no illusions of grandeur so if we decide to stop renovating property we will buy a modest home mortgage free and step #5 will be ~£200k nest egg.

        With no mortgage and no building costs perhaps I can move from the 10% club to the 33% club.

  • user

    AUTHOR xuxien

    Posted on 4:52 pm July 19, 2017.

    not all debt all are bad.
    What do you think about good debt, debt which the rate is less than income that you receive from the loans which is invest on?

    • user

      AUTHOR Jonas Borchgrevink

      Posted on 5:05 pm July 19, 2017.

      As I wrote in the article, I do not like debt. But when that is said, yes. You can make more money by having more loans since you can invest in assets. We bought a new home for 900 000 USD, I had to take up a mortgage for that. And it might be a good investment. But I do not like to have a lot of debt. Just my philosophy.

  • user

    AUTHOR ducucr

    Posted on 4:59 pm July 19, 2017.

    I took 1 year vacation from my uber busy job to see my boy growing. At the end of the paternal leave, I have jumped directly in Rule 5 and 6 (a little bit) which was an incredibly good up to know. Looking forward a monthly income, but rather a business than a job.
    Jonas, your post is inspiring as usual. Keep up the fantastic work.

    • user

      AUTHOR Jonas Borchgrevink

      Posted on 5:06 pm July 19, 2017.

      Thank you so much! I envy your vacation. That must have been one of the best years in your life I guess. I’ll take a 10 week leave to be with my daughter (3 months now) in February 2018. Looking forward to that, in the end, that’s what matters. Family, friends and relationships.

      • user

        AUTHOR ducucr

        Posted on 6:50 pm July 19, 2017.

        Thanks for you nice words. It was indeed the year of my life, travelling to Europe and Asia when our son was 4 months. There was the time and place when my mind relaxed and hit new hights without missing a day with my family. Another important lesson which I’ve learnt was to not waste money and live sustainable.
        Congrats for your daughter and great plan to spend the time with them 🙂

  • user

    AUTHOR fossaq

    Posted on 5:29 pm July 19, 2017.

    Great RULES! Thank you!

  • user

    AUTHOR sulphur

    Posted on 8:41 pm July 30, 2017.

    Hi, Where would you put the investing in copy founds ? is it #5 ou #6 ? also would you stop on rule #4 if you load for a flat have stills 19years to pay ?

    • user

      AUTHOR Jonas Borchgrevink

      Posted on 9:05 pm July 30, 2017.

      That should be #5 as it is concidered an investment (if you leave the money for a while and not trade on a frequent basis).

      Regarding a loan, I would try to pay the debt down as fast as possible. But I’m also investing even though we have a mortgage. What we are doing is to try to pay more on the loan than we are required to by the bank. Sometimes we pay 2x the amount. And if you are able to pay more on the mortgage, and you still have funds left; I would say that you can invest this in other assets. Most countries give you tax deduction for interest paid on mortgages, which could be a good thing if you manage to invest in something that gives you greater return than the interest rate (shouldn’t be that hard in a bull market). But once the recession come, I would move most of my cash out of assets and pay more on the mortgage.

      Did that answer your question?

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