What is YOUR Escape Number?

[itxmi]

Mine is €20,000,000, what about you?

 

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[Mikkel]

The only people who need to know your escape number are you and your family.

Now that you know your number, how will you get there?

 

[itxmi]

The only people who need to know your escape number are you and your family.

Now that you know your number, how will you get there?

I'm using the skills I already have—like web design, SEO, and graphic design—to sell websites. Along the way, I'm also learning new valuable skills to solve more problems for businesses, which helps me offer websites at higher prices.

Selling websites will not only teach me the essential skills of running a business such as sales, communication, time management etc, but it will also yield time. Amidst all of this, I will test out my ideas that fit the CENTS criteria, by the time I find one that the market demands, I will have 2 important resources on my side: time & money, which I'll use to turn my idea into a Productocracy.

What about you?

 

[SEBASTlAN]

 

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[MJ DeMarco]

Mine is €20,000,000, what about you?

Here's a simple strategy anyone can use when dealing with large numbers like this...

If your escape number is $20M, transform it into its smallest parts.

That means your new escape is 20,000,000,000 pennies, or 2 Billion pennies.

Now, take $1 and put it into a jar, savings account, or an investment account.

Congratulations, you are now 100 steps closer to your escape number.

Everyday you can get closer.

The purpose of this exercise is purely psychological and pattern grooming for continual progress.

Of course, a few dollars here and there won't get you to 2B pennies, but this helps you build a pyschological framework for moving the needle on a bigger goal. The big movement will occur in big income and/or asset increases.

I still do this type of thing today. For example, I'm doing this for my home mortgage which started out as a $1.8M loan. Instead I look at my mortgage as owing 180 million pennies and every day I pay down a portion.

 

[ZCP]

@MJ DeMarco i had to bring a physical check in to show students what that was one time.
might be time to update the method. no one knows what a penny is...... lol

 

[ZackerySprague]

$13.8million.

 

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[MJ DeMarco]

@MJ DeMarco i had to bring a physical check in to show students what that was one time.
might be time to update the method. no one knows what a penny is...... lol

Not really talking about physical pennies.

A one dollar bill is one hundred pennies.

I think anyone can "save" 1 buck and if they can, they are 100 steps closer.