Getting rich guide in E 1 Jaak Roosaare

Getting rich guide in E 1 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 l l l Self-reliant Live off the land Also known as amish EXPENSES LIABILITIES

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

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

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

Money game – real rich folks INCOME EXPENSES LIABILITIES ASSETS l l l 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? 1. Become DSL 2. Work 3 -4 years as DSL OR 1. Sell a lot for long time 2. It takes 66, 857 units! OR 1. Work for € 1000/month 2. It takes 30 years!

How do I become DSL? 1. Recruit 30+ FY-s 2. Sell 2000+ 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 * 0, 84 / 12 = € 1, 482

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

Are you on the right track? l l l l 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? (7 y 2 DSL) Is your base growing 40%/year? (6 y 2 DSL) Is your base growing 50%/year? (5 y 2 DSL)

Are you on the right track? l l l Do you own your appartment/house? Do you own your car? Do you have at least 6 m 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 Mortgage PASSIVE INCOME € 3, 115. 36 € 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 MONTHLY PASSIVE CASHFLOW Müügiguru OÜ interest € 923. 02 Leguar Capital interest € 178. 96 INTEREST TOTAL € 923. 02 Müügiguru OÜ € 450. 00 Tallinna Vesi € 1, 064. 00 Tallinna Kaubamaja € 58. 33 DIVIDENDS TOTAL € 1, 572. 33 € 115. 36

For more information: roosaare. com