$f

By:  Dem
Information FESOUFCEI
4 Terms you must

know when discussing
Wealth Are:
Income,  Expenses, 
Assets,  and Liabilities
Term Clarification

| ncome(| )9Money that comes in. 

Expenses(E)9Money that goes out. 

Assets(A)9Things that pay you mo...
Next,  you will want to learn
about three classes of
People and their spending
Patterns.
OFPEOPLE

Poor

Middle Class

 

Wealthy
What is the Spending
Pattern of the Poor?
THE POOR. ..
spend all their income on expenses,  and end up broke. 

W INCOME
«E

‘-

EXPENSES ‘P
What is the Spending
Pattern of the Middle
Class?
THE MIDDLE CLASS. ..
spend income on expenses and ever increasing liabilities
which create more expenses.  And,  They are ...
What is the Spending
Pattern of the Wealthy?
THE WEALTHY. ..

use their income to buy assets,  which increase their income. 
The increased income allows the rich to pa...
How is compounding
used in building wealth?
Keep it Simple Smarty (K. I.S. S.)! 

Everything should
be made as simple

as possible,  but not

  
 

Einstein believed ...
What do you mean
Albert?
I I :7‘; 
'1‘;  ‘N :  
/  '.  ,5
? — . ' 3:‘
.  --it‘: 
‘.4 ' "? _5." .  “
' u u. . .  * "A; 
”l’ '  ( E  '
. ' I "' I ""-...
When we take the income
that we earn from Assets
and buy more assets we

create a compounding
effect.
Let’s look at an Example of Compounding: 
If you had a choice between: 

Getting
 ©, ©©©

TODAYl

 

Which would YOU choose?
If you chose the penny compounded,  then you made a far better choice.  As you
can see you would have received over 5 Mill...
Bringing It All Together
Wealth is measured in Time not
in money.  In other words , 
Wealth is the number of days
that we can maintain our
current ...
Once We create a monthly
Income from Assets that i_s

greater than Our monthly
Expenses then We are Infinitely
Wealthy.
If you would like to Start
Applying the Information you
Learned In this Report
Click Here to Learn more.
You for taking the time to View
  this Report:  How To Be Wealthy. 

’I. .> 

“ I
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How to get wealthy

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This is a PDF file discussing Financial Education. The work of Robert Kiyosaki's book Rich Dad Poor Dad was used to create this "E-Report". Discover: the 3 classes of people, their spending patterns, the power of compounding interest, and the definition of wealth.

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How to get wealthy

  1. 1. $f By: Dem
  2. 2. Information FESOUFCEI
  3. 3. 4 Terms you must know when discussing Wealth Are:
  4. 4. Income, Expenses, Assets, and Liabilities
  5. 5. Term Clarification | ncome(| )9Money that comes in. Expenses(E)9Money that goes out. Assets(A)9Things that pay you money Liabi| ities(L)9Things that cost you money.
  6. 6. Next, you will want to learn about three classes of People and their spending Patterns.
  7. 7. OFPEOPLE Poor Middle Class Wealthy
  8. 8. What is the Spending Pattern of the Poor?
  9. 9. THE POOR. .. spend all their income on expenses, and end up broke. W INCOME «E ‘- EXPENSES ‘P
  10. 10. What is the Spending Pattern of the Middle Class?
  11. 11. THE MIDDLE CLASS. .. spend income on expenses and ever increasing liabilities which create more expenses. And, They are still broke. : > INCOME LIABILITIES
  12. 12. What is the Spending Pattern of the Wealthy?
  13. 13. THE WEALTHY. .. use their income to buy assets, which increase their income. The increased income allows the rich to pay off expenses and liabilities. Once their assets create an income greater than their monthly expenses they are infinitely wealthy. / E INCIHWE Q, EXPENSES 3/ . n LIABILITIES
  14. 14. How is compounding used in building wealth?
  15. 15. Keep it Simple Smarty (K. I.S. S.)! Everything should be made as simple as possible, but not Einstein believed that compound interest was the greatest invention of man, and considered it to be the eighth wonder of the world.
  16. 16. What do you mean Albert?
  17. 17. I I :7‘; '1‘; ‘N : / '. ,5 ? — . ' 3:‘ . --it‘: ‘.4 ' "? _5." . “ ' u u. . . * "A; ”l’ ' ( E ' . ' I "' I ""-‘. v,' “ ' I -' E‘ ‘» 0 . _‘I' I ‘ x‘ ‘ ' ’ ‘ J , , l s ‘ . _ V , _. --' ‘ K ‘*. ':': '$. ii_. /§_' :0 l -g‘ _ ' ‘~'. -;~: / . I V I ‘L-4 When Einstein was asked to expound on his statement about compounding he said “Compounding is mankind’s greatest invention because it allows for the reliable systematic accumulation of wealth. ”
  18. 18. When we take the income that we earn from Assets and buy more assets we create a compounding effect.
  19. 19. Let’s look at an Example of Compounding: If you had a choice between: Getting ©, ©©© TODAYl Which would YOU choose?
  20. 20. If you chose the penny compounded, then you made a far better choice. As you can see you would have received over 5 Million dollars if you chose the penny compounded for 30 days. 1 Penny Compounded Daily 6,000,000.00 $5,368,709.12 5,000,000.00 - 4,000,000.00 - 3,000,000.00 - 2,000,000.00 - 1,000,000.00 - T 1 1 1 I I I 1 1 1 I 1 1 1 I I I 1 1 I I 1 1 1 1 I I 1 1 I I Day Day Day Day Day Day Day Day Day Day Day Day Day Day Day 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29
  21. 21. Bringing It All Together
  22. 22. Wealth is measured in Time not in money. In other words , Wealth is the number of days that we can maintain our current lifestyle without having to work.
  23. 23. Once We create a monthly Income from Assets that i_s greater than Our monthly Expenses then We are Infinitely Wealthy.
  24. 24. If you would like to Start Applying the Information you Learned In this Report Click Here to Learn more.
  25. 25. You for taking the time to View this Report: How To Be Wealthy. ’I. .> “ I
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