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



Self-reliant
Live off the land
Also known as amish
EXPENSES
LIABILITIES
Money game – Trailer folks
INCOME
ASSETS





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




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


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



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
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
€ 3,115.36
Mortgage
€
550.00
Rent from Tuisu
€
300.00
Gas for cars
€
400.00
Rent from Kopli
€
250.00
Rent from Kaupmehe 50%
€
70.00
RENT TOTAL
€
620.00
Müügiguru OÜ interest
€
923.02
Leguar Capital interest
€
178.96
INTEREST TOTAL
€
923.02
Müügiguru OÜ
€
450.00
Food and shopping
€ 1,600.00
House expenses
€
250.00
Jako kindergarten
€
200.00
MONTHLY PASSIVE CASHFLOW
€
PASSIVE INCOME
115.36
Tallinna Vesi
€ 1,064.00
Tallinna Kaubamaja
€
DIVIDENDS TOTAL
€ 1,572.33
58.33
For more information:
roosaare.com