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2% Club

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

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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 Hacked.com 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, Hacked.com 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 Hacked.com 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.

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

Trade.

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.

Featured image from Shutterstock.

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.



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15 Comments

15 Comments

  1. gullyfoyle

    July 19, 2017 at 3:54 pm

    Nice and no bullshit. Cool stuff Jonas.

  2. TinyAudio

    July 19, 2017 at 3:58 pm

    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.

    • Jonas Borchgrevink

      July 19, 2017 at 4:01 pm

      Have you reached rule #5? 5 before 6.

      • TinyAudio

        July 19, 2017 at 4:35 pm

        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.

  3. xuxien

    July 19, 2017 at 4:52 pm

    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?

    • Jonas Borchgrevink

      July 19, 2017 at 5:05 pm

      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.

  4. ducucr

    July 19, 2017 at 4:59 pm

    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.

    • Jonas Borchgrevink

      July 19, 2017 at 5:06 pm

      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.

      • ducucr

        July 19, 2017 at 6:50 pm

        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 🙂

  5. fossaq

    July 19, 2017 at 5:29 pm

    Great RULES! Thank you!

  6. sulphur

    July 30, 2017 at 8:41 pm

    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 ?

    • Jonas Borchgrevink

      July 30, 2017 at 9:05 pm

      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?

  7. ssp13

    September 8, 2017 at 7:37 pm

    interesting 1 + 1 = 2 ,

    work , open business, work more , save , invest …really? am i missing something here

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2% Club

One Week With Live Streaming and I Ended Up With 13 500 USD in Profit

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I went out on a limb this week with live streaming all my trades as a part of the 2% Club. All members were able to view the live streams through Workplace. Below I’ve added all the videos of my trades this week so you can take a closer look at what I did, which mistakes I made and how I ended up with 13 500 USD in profit.

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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.



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2% Club

After a Bloody Monday I’m back on Track with 20 000 USD in Profit Today

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As I’ve posted on Workplace (our intranet for Gold and Platinum Members), I’m live streaming my trades this week as a part of the 2% Club-strategy. Yesterday I had three sessions shown below:

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Session 1 Monday

As you can see from the video above, I gained my 2% on my first trade. Since I wanted to trade the entire day for our members, I decided to do two more sessions.

Session 2 Monday

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No trades were filled by me during the second session. I wasn’t comfortable enough to enter a trade.

Session 3 Monday

The last trading session went awfully wrong for me and I ended up losing approx. 120 000 NOK which is 14 634 USD. I decided to quit and recoup the next day.

Session 1 Tuesday

I entered a trade last night where I again sold Dow Jones and increased the bet. This is highly risky and I could have lost more money yet again.

Session 2 Tuesday

Thankfully, the trade worked and I was able to regain what I lost yesterday and still be on track for a 2% increase per trading day.

Current Result of the 2% Strategy

In NOK:

Day Start Result % If 2% Gain Difference
Day 1 650000 669082 1,029356923 663000 6082
Day 2 669082 724000 1,082079626 676260 47740
Day 3 724000 766218 1,058312155 689785 76433
Day 4 766218 645000 0,8417969821 703581 −58581
Day 5 645000 816000 1,265116279 717653 98347

 

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.



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2% Club

Livestreaming Starts Tomorrow: I’ll Make a Lot of Money or Lose a Substantial Sum

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!Notice! Do not copy my trades unless you:

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  • Are a member of the 33% Club
  • Have money to lose in excess of what you are pledging to the 33% Club

This coming week I’ll be livestreaming all my trades using CFD on IG.com. I’ll try to continue with my successful 2% strategy. So far I’m up 18% in the last week starting at 650 000 NOK and ending up with 766 000 NOK on Friday, shorting and buying indexes, currency pairs and gold. The strategy I’m following is highly risky and I do not recommend the same strategy if you do not have money to lose. Remember our golden rule: Never Lose Money. However, if you are in a position like me, with an increasing monthly income, a good bank roll, and are able to pledge 33% of your monthly income to the 33% Club AND pay your debts, this could be a good (or bad) opportunity for you.

I’ll start livestreaming one hour before Dax will open tomorrow at 08:00 CEST. I will end the live session around 16:30 CEST one hour after Dow Jones has opened (if everything has gone my way). I will continue these sessions throughout the week.

You will be able to follow my trades, see when I enter and when I exit a market. See how much money I win or lose. You can copy my trades, but be aware: I’m entering and exiting markets quite rapidly, so stay alert. And be aware: You may end up losing money (just like I may end up losing money).

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I will post the youtube link on Hacked.com and on Workplace tomorrow.

Disclaimer: You can not hold me responsible for losses. Always do your own due diligence and only trade with money you can lose.

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.



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