007: Becoming a 100%-er Can Unlock Your True Destiny | WTW

Millionaire Mindcast

Matt Aitchison

Productivity, Stocks, Realestate, Lifestyle, Finance, Commercialrealestateinvesting, Personalgrowth, Entrepreneur, Business, Entrepreneurship, Rich, Mastermind, Money, Personalfinance, Millionaire, Mentorship, Realestateinvesting, Success, Mentor, Wealth, Investing, Millennials

4.4 • 716 Ratings

🗓️ 25 May 2016

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this weeks #wealthtipwed, learn what it means to be classified as a 100%er and how achieving this milestone can empower you to have a greater impact on the world around you.

Being a savvy investor and designing a future of financial freedom is available for anyone. Matt explores the definitions of horizontal income vs vertical income, the equation of calculating what "percenter" you are, and why you should be taking action towards achieving the 100%'er status as fast as you can.

Transcript

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0:00.0	Uh-oh, guess what day it is? Guess what day it is?
0:05.4	Huh? Anybody? Mike, Mike, Mike, Mike. What day is it, Mike? Leslie, guess what today is?
0:12.0	It's hump day.
0:12.9	Woo-woo!
0:18.5	Welcome to the Millionaire Mindcast, where we broadcast weekly interviews with millionaire minds from across the globe to empower you on your journey of unlocking a rich and fulfilling life.
0:30.8	It's time to unleash your millionaire within.
0:33.7	Now, here's your host, Maddie A.
0:39.8	What's going on, everybody?
0:41.2	Welcome to today's short episode of Wealth Tip Wednesdays.
0:47.4	Happy hump day to all of you out there, and thank you for tuning in and making me a part of your day.
0:52.4	I'm your host, Maddie A.
0:53.9	And today's episode is going to be on becoming a 100%er.
0:59.3	And I will dive into the details of that shortly.
1:01.6	But this is something that each and every one of us should aspire to accomplish.
1:07.6	Now, what do I mean by 100%?
1:09.6	Well, 100%er is a concept or a rule of thumb for people who
1:17.8	have 100% of their living expenses covered by 100% of their passive income. And let me classify what passive income would be categorized as.
1:31.5	Passive income is something that I like to consider mailbox money. You can go to sleep and when
1:37.7	you wake up the next day, it will be in your account. Now, if you have to show up for your job in order to collect a paycheck,
1:47.3	then that would be considered vertical income. So we classify passive income as horizontal
1:52.9	income streams that you necessarily don't need to show up or be in action on daily in order
2:00.1	to collect a paycheck.
	...

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