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