Post on 22-Feb-2016
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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
INCOME
ASSETS LIABILITIES
EXPENSES
Self-reliant Live off the land Also known as amish
Money game – Trailer folks
INCOMEASSETS LIABILITIES
EXPENSES
Payday to payday No assets No liabilities No security Do not want to end
up there ;)
Money game – New rich folks
INCOMEASSETS
LIABILITIES
EXPENSES
Spend more than make Wannabe rich – no time Loose all toys if crisis hits Do not want to end up
there;)
Money game – Young investors
INCOME
ASSETS LIABILITIES
EXPENSES
Spend less than they make
Invest in assets that will grow and provide cash flow
Money game – real rich folks
INCOME
ASSETSLIABILITIES
EXPENSES
Assets provide cash flow Financially free Have time to enjoy their
toys ;)
How much € I need to be rich?
€1500 in month12 * 1500 = €18 000/year
How much € I need to get 18,000/y?
€18,000 / 10% = €180,000
How will I get €180,000?
€180,000 / 50% = €360,000
€180,000 / 10% = €1,800,000
How will I make €360,000?
€360,000 = $468,000
How will I make $468,000?
OR
OR
1. Become DSL2. Work 3-4 years as DSL
1. Work for €1000/month 2. It takes 30 years!
1. Sell a lot for long time2. It takes 66,857 units!
How do I become DSL?
1. Recruit 30+ FY-s2. Sell 2000+ units3. Build a base of 66,000+ units
ASSETS that make you RICH
Renting out appartments
€180,000 / 5 = €36,000
€300 * 5 = €1,500
Buying dividend stocks
€180,000 / 8,5 = 21,176
21,176 * 0,84 / 12 = €1,482
Giving out loans
€180,000 * 10% = €18,000
€18,000 / 12 = €1,500
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)
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?
How to track your progress?
EXPENSES € 3,000.00 PASSIVE INCOME € 3,115.36
Mortgage € 550.00 Rent from Tuisu € 300.00
Gas for cars € 400.00 Rent from Kopli € 250.00
Food and shopping € 1,600.00 Rent from Kaupmehe 50% € 70.00
House expenses € 250.00 RENT TOTAL € 620.00
Jako kindergarten € 200.00
Müügiguru OÜ interest € 923.02
MONTHLY PASSIVE CASHFLOW
Leguar Capital interest € 178.96
INTEREST TOTAL € 923.02
€ 115.36
Müügiguru OÜ € 450.00
Tallinna Vesi € 1,064.00
Tallinna Kaubamaja € 58.33
DIVIDENDS TOTAL € 1,572.33
For more information:
roosaare.com