Getting rich guide in E1 Jaak Roosaare 2012. Money game – 4 crucial words INCOME ASSETSLIABILITIES EXPENSES.

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Presentation transcript:

Getting rich guide in E1 Jaak Roosaare 2012

Money game – 4 crucial words INCOME ASSETSLIABILITIES EXPENSES

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

Money game – conservative folks INCOME ASSETSLIABILITIES EXPENSES Self-reliant Live off the land Also known as amish

Money game – Trailer folks INCOME ASSETSLIABILITIES EXPENSES Payday to payday No assets No liabilities No security Do not want to end up there ;)

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

How much € I need to be rich? €1500 in month 12 * 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 1.Become DSL 2.Work 3-4 years as DSL 1.Work for €1000/month 2.It takes 30 years! 1.Sell a lot for long time 2.It takes 66,857 units !

How do I become DSL? 1.Recruit 30+ FY-s 2.Sell units 3.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 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, PASSIVE INCOME € 3, Mortgage € Rent from Tuisu € Gas for cars € Rent from Kopli € Food and shopping € 1,600.00Rent from Kaupmehe 50% € House expenses € RENT TOTAL € Jako kindergarten € Müügiguru OÜ interest € MONTHLY PASSIVE CASHFLOW Leguar Capital interest € INTEREST TOTAL € € Müügiguru OÜ € Tallinna Vesi € 1, Tallinna Kaubamaja € DIVIDENDS TOTAL € 1,572.33

For more information: roosaare.com