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Getting rich guide in E1

Getting rich guide in E1. Jaak Roosaare 2012. Money game – 4 crucial words. INCOME. ASSETS. LIABILITIES. EXPENSES. Fill the blanks. INCOME _______. ASSETS _______. LIABILITIES __________. EXPENSES _________. Money game – conservative folks. EXPENSES. INCOME. ASSETS. LIABILITIES.

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Getting rich guide in E1

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  1. Getting rich guide in E1 Jaak Roosaare 2012

  2. Money game – 4 crucial words INCOME ASSETS LIABILITIES EXPENSES

  3. Fill the blanks... INCOME _______ ASSETS _______ LIABILITIES __________ EXPENSES _________

  4. Money game – conservative folks EXPENSES INCOME ASSETS LIABILITIES • Self-reliant • Live off the land • Also known as amish

  5. Money game – Trailer folks EXPENSES INCOME ASSETS LIABILITIES • Payday to payday • No assets • No liabilities • No security • Do not want to end up there ;)

  6. Money game – New rich folks EXPENSES INCOME ASSETS LIABILITIES • Spend more than make • Wannabe rich – no time • Loose all toys if crisis hits • Do not want to end up there;)

  7. Money game – Young investors INCOME EXPENSES ASSETS LIABILITIES • Spend less than they make • Invest in assets that will grow and provide cash flow

  8. Money game – real rich folks EXPENSES INCOME LIABILITIES ASSETS • Assets provide cash flow • Financially free • Have time to enjoy their toys ;)

  9. How much € I need to be rich? €1500 in month 12 * 1500 = €18 000/year

  10. How much € I need to get 18,000/y? €18,000 / 10% = €180,000

  11. How will I get €180,000? €180,000 / 50% = €360,000 €180,000 / 10% = €1,800,000

  12. How will I make €360,000? €360,000 = $468,000

  13. How will I make $468,000? • Become DSL • Work 3-4 years as DSL • OR • Sell a lot for long time • It takes 66,857 units! • OR • Work for €1000/month • It takes 30 years!

  14. How do I become DSL? • Recruit 30+ FY-s • Sell 2000+ units • Build a base of 66,000+ units

  15. ASSETS that make you RICH

  16. Renting out appartments €180,000 / 5 = €36,000 €300 * 5 = €1,500

  17. Buying dividend stocks €180,000 / 8,5 = 21,176 21,176 * 0,84 / 12 = €1,482

  18. Giving out loans €180,000 * 10% = €18,000 €18,000 / 12 = €1,500

  19. Are you on the right track? • Do you control your expenses? • Do you save half of what you make? • Are you ok selling 2000+ units/summer? • Are you on track of recruiting 30+ people? • Is your base growing 30%/year? (7y2DSL) • Is your base growing 40%/year? (6y2DSL) • Is your base growing 50%/year? (5y2DSL)

  20. Are you on the right track? • Do you own your appartment/house? • Do you own your car? • Do you have at least 6m worth of liquid assets? • Have you paid back your loans? • Do you have passive income in: • renting out apartments? How much rent? • dividend stocks? How much dividend? • giving out loans? How much interest?

  21. How to track your progress?

  22. For more information: roosaare.com

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