TWO PROVEN WAYS:-
THE SLOW WAY: BUILD A BIG NEST EGG.
THE FAST WAY: AUTOMATED INCOME VEHICLES.
Let's go the slow way first.
THE SLOW WAY: BUILD A BIG NEST EGG.
The slow way is the traditional way: building a big nest egg, slowly
accumulating wealth overtime that accumulates into a big lump sum by the time you retire. AT 65 YEARS OF AGE? That’s what most people think of when theyt hink of F.U.Money.
So, using this way, if you have a ten-million-dollar networth by
the time you retire, and it’s returning a10% yield, it will provide you
$1,000,000 in annual income.Take away about $350,000 for federal,
state, and local taxes and that leaves you with $650,000 in cash to do
whatever the heck you want. (The amount of tax you pay depends on
where you live and what kind of deductions you have.)
And that’s the slow way. To get there, you have to invest your money
over 30-40 years—most likely into a mutual fund—and hopefully the
stock market doesn’t crash.
《NET WORTH:
10% YIELDS:
ANNUAL SPENDABLE CASH
(AFTER 35% TAX)》
《$1million:$100,000:$65,000》
《$2million:$200,000:$130,000》
《$5million:$500,000:$325,000》
《$10million:$1,000,000:$650,000》
《$20million:$2,000,000:$1,300,000》
《$50million:$5,000,000:$3,250,000》
《$100million:$10,000,000:$6,500,000》
As we saw in the fall of 2008, the stockmarket CANcrash.There
are no guarantees. You can work your ass offball your life, socking away as much as you can into a mutual fund, only to get screwed in the end!
Here you are, waiting and waiting for three or four decades to finally
get to live your F.U.Money lifestyle when you retire, and yet you end up
with a fraction of what you thought you would have.
And that’s assuming you actually put enough away to have a
10-million-dollar networth. Most people don’t put away anywhere
near that much money for retirement. Instead, they may have one
million dollars in wealth, but as you can see in the chart above, that will
only yield $65,000 a year at a 10% return. Hardly enough for a family to
live comfortably, and certainly not enough to live a F.U.Money lifestyle.
THE FAST WAY: AUTOMATED INCOME VEHICLES
This is the way that I’ve done it—by creating an automated vehicle
that generates income without consuming time. Not only is it a much
faster way, it’s a much more certain way to do it.
When your automated income vehicle pays for your expenses and
supports your desired lifestyle, you’ve made your F.U.Money! In essence you can stop working—retire today—and the income generated by your income producing vehicles will completely pay for your LIFESTYLE.
Let me illustrate. To keep things simple, let’s just forget taxes,
the cost of running an automated business, and stuff like that for a
moment.
Divide $650,000 by 365 days to get a daily cost of living: $1,780.82.
Now, when you look at it on a daily basis, that’s not too bad now,
is it?
But you might say, “Mr, that’s still a lot of money!”
Okay. Then let’s break it down into products sold. Let’s say you
have a website, and you’re selling a $97 product, making $50 in profit
per sale. All you have to do is make 36 sales perday. That’s only 1.5
sales per hour.
You can have one website that makes 36 sales perday, or you can
have two or three websites each making 18 sales seach. Or you could
reach the same goal if you had a $197 product making $100 in profit at
17.8 sales a day.
《CASH: DAILY INCOME
(DIVIDE BY 365
DAYS):
SELLING $97
PRODUCT
($50 PROFIT):
SELLING $197
PRODUCT
($100 PROFIT)》
《$65,000:$178.08:3.5 sales per day:1.7 sales per day》
《$130,000:$356.16:7.12 sales per day:3.5 sales per day》
《$325,000:$890.41:17.8 sales per day:8.9 sales per day》
《$650,000$1,780.82:35.6 sales per day:17.8 sales per day》
《$1,300,000$3,561.64:71.2 sales per day:35.6 sales per day》
《$3,250,000$8,904.10:178 sales per day:89 sales per day》
《$6,500,000$17,808.21:356 sales per day:178 sales per day》
Can you see how this is much more achievable for the average
person? Can you see how you can get there in a much, much shorter
period of time? And even better, it’s a much more certain plan than
relying on the stock market and risk becoming another victim of
circumstances that are largely beyond your control. You ARE in control
of how much money you make, and how quickly.
The rest of this book is focused on how to do it the fast way. That’s
how I’ve done it and that’s how I advise you to do it.You can make your
F.U.Money not in decades but in a few short years, just like me.
Strange as it sounds, I can’t wait to hear actual stories of people
who are able to tell their bosses, jerk clients, whomever to fxxk off as a
result of reading F.U.Money here.
PART 2
THE F.U.MONEY MYTHS
-EIGHT MYTHS THAT
ARE, KEEPING YOU FROM
MAKING YOUR F.U.
MONEY
THE SLOW WAY: BUILD A BIG NEST EGG.
THE FAST WAY: AUTOMATED INCOME VEHICLES.
Let's go the slow way first.
THE SLOW WAY: BUILD A BIG NEST EGG.
The slow way is the traditional way: building a big nest egg, slowly
accumulating wealth overtime that accumulates into a big lump sum by the time you retire. AT 65 YEARS OF AGE? That’s what most people think of when theyt hink of F.U.Money.
So, using this way, if you have a ten-million-dollar networth by
the time you retire, and it’s returning a10% yield, it will provide you
$1,000,000 in annual income.Take away about $350,000 for federal,
state, and local taxes and that leaves you with $650,000 in cash to do
whatever the heck you want. (The amount of tax you pay depends on
where you live and what kind of deductions you have.)
And that’s the slow way. To get there, you have to invest your money
over 30-40 years—most likely into a mutual fund—and hopefully the
stock market doesn’t crash.
《NET WORTH:
10% YIELDS:
ANNUAL SPENDABLE CASH
(AFTER 35% TAX)》
《$1million:$100,000:$65,000》
《$2million:$200,000:$130,000》
《$5million:$500,000:$325,000》
《$10million:$1,000,000:$650,000》
《$20million:$2,000,000:$1,300,000》
《$50million:$5,000,000:$3,250,000》
《$100million:$10,000,000:$6,500,000》
As we saw in the fall of 2008, the stockmarket CANcrash.There
are no guarantees. You can work your ass offball your life, socking away as much as you can into a mutual fund, only to get screwed in the end!
Here you are, waiting and waiting for three or four decades to finally
get to live your F.U.Money lifestyle when you retire, and yet you end up
with a fraction of what you thought you would have.
And that’s assuming you actually put enough away to have a
10-million-dollar networth. Most people don’t put away anywhere
near that much money for retirement. Instead, they may have one
million dollars in wealth, but as you can see in the chart above, that will
only yield $65,000 a year at a 10% return. Hardly enough for a family to
live comfortably, and certainly not enough to live a F.U.Money lifestyle.
THE FAST WAY: AUTOMATED INCOME VEHICLES
This is the way that I’ve done it—by creating an automated vehicle
that generates income without consuming time. Not only is it a much
faster way, it’s a much more certain way to do it.
When your automated income vehicle pays for your expenses and
supports your desired lifestyle, you’ve made your F.U.Money! In essence you can stop working—retire today—and the income generated by your income producing vehicles will completely pay for your LIFESTYLE.
Let me illustrate. To keep things simple, let’s just forget taxes,
the cost of running an automated business, and stuff like that for a
moment.
Divide $650,000 by 365 days to get a daily cost of living: $1,780.82.
Now, when you look at it on a daily basis, that’s not too bad now,
is it?
But you might say, “Mr, that’s still a lot of money!”
Okay. Then let’s break it down into products sold. Let’s say you
have a website, and you’re selling a $97 product, making $50 in profit
per sale. All you have to do is make 36 sales perday. That’s only 1.5
sales per hour.
You can have one website that makes 36 sales perday, or you can
have two or three websites each making 18 sales seach. Or you could
reach the same goal if you had a $197 product making $100 in profit at
17.8 sales a day.
《CASH: DAILY INCOME
(DIVIDE BY 365
DAYS):
SELLING $97
PRODUCT
($50 PROFIT):
SELLING $197
PRODUCT
($100 PROFIT)》
《$65,000:$178.08:3.5 sales per day:1.7 sales per day》
《$130,000:$356.16:7.12 sales per day:3.5 sales per day》
《$325,000:$890.41:17.8 sales per day:8.9 sales per day》
《$650,000$1,780.82:35.6 sales per day:17.8 sales per day》
《$1,300,000$3,561.64:71.2 sales per day:35.6 sales per day》
《$3,250,000$8,904.10:178 sales per day:89 sales per day》
《$6,500,000$17,808.21:356 sales per day:178 sales per day》
Can you see how this is much more achievable for the average
person? Can you see how you can get there in a much, much shorter
period of time? And even better, it’s a much more certain plan than
relying on the stock market and risk becoming another victim of
circumstances that are largely beyond your control. You ARE in control
of how much money you make, and how quickly.
The rest of this book is focused on how to do it the fast way. That’s
how I’ve done it and that’s how I advise you to do it.You can make your
F.U.Money not in decades but in a few short years, just like me.
Strange as it sounds, I can’t wait to hear actual stories of people
who are able to tell their bosses, jerk clients, whomever to fxxk off as a
result of reading F.U.Money here.
PART 2
THE F.U.MONEY MYTHS
-EIGHT MYTHS THAT
ARE, KEEPING YOU FROM
MAKING YOUR F.U.
MONEY
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