Can you?
To reach your goals, you have to know what your goals are in the
first place.You need to have what Icall F.U.Money Targets—or F.U.M.T.s.
Here’s an example of what your F.U.M.T.s might look like:
1. Getting a Mercedes
2. Quitting your job
3. Buying a vacationing home
4. One-month vacation to Europe
5. Paying off your mortgage
Whatever the target might be, first you must calculate what kind
of money it takes to hit it.You don’t just think, “Well, I want to make
millions of dollars, hopefully.” Don’t be vague. Calculate how much
money you’re really talking about, and then I’ll show you away to get
there faster than you ever thought possible.
Q I. Here’s an assignment: before moving on, answer the questions on
the next page and take the corresponding actions.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Describe the material things that interest you, i.e., experiences that you often think about and that “turn you on,” e.g., cars, luxury travel, real estate, clothing, gadgets. Make a list of all the F.U.M.T.s you want.
Q II. When do you want to hit those targets? Be specific, and map out
all your F.U.M.T.s and list how much they cost.
In order to live “comfortably” in the home you want, with the cars
andother F.U.M.T.s you want, what does your annual income need
to be?
I’ll give you an example of my own F.U.M.T. list, with the cost by
each item. This list was written in January 2002. I’ve since hit ALL of
these targets except the mansion.
I thought a mansion is what I wanted, but in reality, it’s not what
I wanted at all. It was just an ego thing. Since I figured it was what
all rich people had, I should have one as well. Seriously, who the heck
needs a butler that comes at the ring of a bell and a $100,000 monthly
overhead? If I were to buy a mansion, I would be buying one just to look cool and impress other people. Once I made my F.U.Money, I found out I really don’t need to impress others anymore. The only person I have to impress is myself.
In fact, I don’t even own a house. Why? Because in my opinion, a
house is a series of furnace and air conditioner problems, pest-control
issues, insurance woes, cleaning problems, malfunctioning appliances,
and electrical and plumbing breakdowns. I am not a plumber, electrician, or handyman—nor do I desire to be the employer of anyone who is.
Instead, I live in a luxury condo. I came from a small state. I’ve been
living in skyscrapers all my life, so I’m very comfortable with them—plus I like the view! It’s cozy, comfortable,and most importantly requires virtually NO maintenance. I want a carefree and hassle-free life.
Now, if owning a gorgeous home is your dream, be my guest—go
for it. I’m NOT saying it’s a bad thing, it’s just not for me. Again, it goes
back to knowing what makes you tick.
I choose to live in Vancouver,B.C., because of its combination of cool
urban living that’s only minutes away from gorgeous rural landscapes.
In fact, I can honestly say that if I were forced to choose only ONE place to live on this Earth, it would be here. It’s one of the great cities.
MONEYISM’S PERSONAL F.U.M.T LIST
LuxuryCondo($2mil)
Mortgage @ 7% w/no money down($13,306/mo.) : $159,672/year
Lease two sports cars : $36,000/year
Exotic vacation every 90 days @ $10,000/per vacation : $40,000/year
52 fancy meals at $200 each : $10,400/year
Dance lessons once/week @$75 : $3,900/year
Name brand clothes @ $3,000/month : $36,000/year
Home theater system : $10,000
Maid service @ $500/week : $26,000/year
Lavish Christmas : $20,000/year
Lavish birthday : $20,000/year
Personal chef for 5 meals/week @ $30/meal : $3,900/year
Personal trainer for 3x/week @ $120/week : $7,800/year
2 concert tickets, once concert/month : $6,000/year
Charity–Children’s Hospital : $50,000/year
52 spa treatments@$100/treatment : $5,200/year
Airplane Flight lesson and rental : $50,000/year
Limousine rides : $5,000/year
Random Bills : $50,000/year
Buy-whatever-I-want-money : $100,000/year
Note:Big ticket-stuff like cars and houses are flat-out costs.
Items like “personal chef” are estimated costs.
Add up all items:-
$159,672/year
$36,000/year
$40,000/year
$10,400/year
$3,900/year
$36,000/year
$10,000
$26,000/year
$20,000/year
$20,000/year
$3,900/year
$7,800/year
$6,000/year
$50,000/year
$5,200/year
$50,000/year
$5,000/year
$50,000/year
$100,000/year
Total $639,872.60/year
If you add up all the F.U.M.T.s I have, it’s about $640,000 per year.
That’s the cost of my ultimate lifestyle.
You might say, “Holy cow, Mr! That’s a lot of money!”and you
would be right—it IS a lot of money compared to where you are now.
But it’s not tens of millions or even a million dollars, is it? Stay with me,
because in a moment I’m going to show you a shortcut to get to this
amount (or more), regardless of where you are now.
My point is this: most people will realize when they go through this
exercise that they actually don’t need as much money as they think
to live like a rock star. You can live lavishly, with a very nice home—a
vacation home,too—and it still won’t cost as much as you think. In fact,
as you can see, in a way, I have to “work” pretty hard to “get rid” of
$639,000 a year! Living like this and unloading all this money actually
takes effort.
LIVE RICH on a Budget.
You may look at this list and realize that
you would be happy with a lot less. And isn’t
happiness what we ultimately want? You can
have all the security and happiness you want.
Most people might think of F.U.Money as
“being enough money to be able to say fxxk
you to anybody on the planet.”
It’s a little more sophisticated than that.
The actual definition of F.U.Money is
any amount of money allowing the infinite
perpetuation of wealth necessary to maintain
a DESIRED LIFESTYLE without needing
employment or assistance from anyone.
The keyword is desired lifestyle. It’s not
just about the money. It’s about lifestyle. And
I’m going to show you a SLOW way and a
FAST way to get there....
MONEYISM#7
Definition of
F.U.Money:
Any amount of
money allowing
the infinite
perpetuation of
wealth necessary
to maintain a
desired lifestyle
without needing
employment
or assistance
from anyone.
TWO PROVEN WAYS TO MAKE YOUR
F.U.MONEY
THE SLOW WAY: BUILD A BIG
NEST EGG
To reach your goals, you have to know what your goals are in the
first place.You need to have what Icall F.U.Money Targets—or F.U.M.T.s.
Here’s an example of what your F.U.M.T.s might look like:
1. Getting a Mercedes
2. Quitting your job
3. Buying a vacationing home
4. One-month vacation to Europe
5. Paying off your mortgage
Whatever the target might be, first you must calculate what kind
of money it takes to hit it.You don’t just think, “Well, I want to make
millions of dollars, hopefully.” Don’t be vague. Calculate how much
money you’re really talking about, and then I’ll show you away to get
there faster than you ever thought possible.
Q I. Here’s an assignment: before moving on, answer the questions on
the next page and take the corresponding actions.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
Describe the material things that interest you, i.e., experiences that you often think about and that “turn you on,” e.g., cars, luxury travel, real estate, clothing, gadgets. Make a list of all the F.U.M.T.s you want.
Q II. When do you want to hit those targets? Be specific, and map out
all your F.U.M.T.s and list how much they cost.
In order to live “comfortably” in the home you want, with the cars
andother F.U.M.T.s you want, what does your annual income need
to be?
I’ll give you an example of my own F.U.M.T. list, with the cost by
each item. This list was written in January 2002. I’ve since hit ALL of
these targets except the mansion.
I thought a mansion is what I wanted, but in reality, it’s not what
I wanted at all. It was just an ego thing. Since I figured it was what
all rich people had, I should have one as well. Seriously, who the heck
needs a butler that comes at the ring of a bell and a $100,000 monthly
overhead? If I were to buy a mansion, I would be buying one just to look cool and impress other people. Once I made my F.U.Money, I found out I really don’t need to impress others anymore. The only person I have to impress is myself.
In fact, I don’t even own a house. Why? Because in my opinion, a
house is a series of furnace and air conditioner problems, pest-control
issues, insurance woes, cleaning problems, malfunctioning appliances,
and electrical and plumbing breakdowns. I am not a plumber, electrician, or handyman—nor do I desire to be the employer of anyone who is.
Instead, I live in a luxury condo. I came from a small state. I’ve been
living in skyscrapers all my life, so I’m very comfortable with them—plus I like the view! It’s cozy, comfortable,and most importantly requires virtually NO maintenance. I want a carefree and hassle-free life.
Now, if owning a gorgeous home is your dream, be my guest—go
for it. I’m NOT saying it’s a bad thing, it’s just not for me. Again, it goes
back to knowing what makes you tick.
I choose to live in Vancouver,B.C., because of its combination of cool
urban living that’s only minutes away from gorgeous rural landscapes.
In fact, I can honestly say that if I were forced to choose only ONE place to live on this Earth, it would be here. It’s one of the great cities.
MONEYISM’S PERSONAL F.U.M.T LIST
LuxuryCondo($2mil)
Mortgage @ 7% w/no money down($13,306/mo.) : $159,672/year
Lease two sports cars : $36,000/year
Exotic vacation every 90 days @ $10,000/per vacation : $40,000/year
52 fancy meals at $200 each : $10,400/year
Dance lessons once/week @$75 : $3,900/year
Name brand clothes @ $3,000/month : $36,000/year
Home theater system : $10,000
Maid service @ $500/week : $26,000/year
Lavish Christmas : $20,000/year
Lavish birthday : $20,000/year
Personal chef for 5 meals/week @ $30/meal : $3,900/year
Personal trainer for 3x/week @ $120/week : $7,800/year
2 concert tickets, once concert/month : $6,000/year
Charity–Children’s Hospital : $50,000/year
52 spa treatments@$100/treatment : $5,200/year
Airplane Flight lesson and rental : $50,000/year
Limousine rides : $5,000/year
Random Bills : $50,000/year
Buy-whatever-I-want-money : $100,000/year
Note:Big ticket-stuff like cars and houses are flat-out costs.
Items like “personal chef” are estimated costs.
Add up all items:-
$159,672/year
$36,000/year
$40,000/year
$10,400/year
$3,900/year
$36,000/year
$10,000
$26,000/year
$20,000/year
$20,000/year
$3,900/year
$7,800/year
$6,000/year
$50,000/year
$5,200/year
$50,000/year
$5,000/year
$50,000/year
$100,000/year
Total $639,872.60/year
If you add up all the F.U.M.T.s I have, it’s about $640,000 per year.
That’s the cost of my ultimate lifestyle.
You might say, “Holy cow, Mr! That’s a lot of money!”and you
would be right—it IS a lot of money compared to where you are now.
But it’s not tens of millions or even a million dollars, is it? Stay with me,
because in a moment I’m going to show you a shortcut to get to this
amount (or more), regardless of where you are now.
My point is this: most people will realize when they go through this
exercise that they actually don’t need as much money as they think
to live like a rock star. You can live lavishly, with a very nice home—a
vacation home,too—and it still won’t cost as much as you think. In fact,
as you can see, in a way, I have to “work” pretty hard to “get rid” of
$639,000 a year! Living like this and unloading all this money actually
takes effort.
LIVE RICH on a Budget.
You may look at this list and realize that
you would be happy with a lot less. And isn’t
happiness what we ultimately want? You can
have all the security and happiness you want.
Most people might think of F.U.Money as
“being enough money to be able to say fxxk
you to anybody on the planet.”
It’s a little more sophisticated than that.
The actual definition of F.U.Money is
any amount of money allowing the infinite
perpetuation of wealth necessary to maintain
a DESIRED LIFESTYLE without needing
employment or assistance from anyone.
The keyword is desired lifestyle. It’s not
just about the money. It’s about lifestyle. And
I’m going to show you a SLOW way and a
FAST way to get there....
MONEYISM#7
Definition of
F.U.Money:
Any amount of
money allowing
the infinite
perpetuation of
wealth necessary
to maintain a
desired lifestyle
without needing
employment
or assistance
from anyone.
TWO PROVEN WAYS TO MAKE YOUR
F.U.MONEY
THE SLOW WAY: BUILD A BIG
NEST EGG
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