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Lesson No. 5 – Preparing a Plan to obtain the
financial independence.
The definition of fortune (give by Robert Kiyosaki) is the following:
“A family’s fortune is measured as the period of time it can live
without working and without changing its standard of living”. To
be Financially Independent means to live without working. Many people
say: I might be bored if I don’t work ... but if it happens that
I am bored (after travelling, entertaining myself and living all
that I can at the highest level)... I prefer choosing to work not
be forced to work...
In the past I started (as an employee) doing some business with
various friends. Everything went smoothly in the beginning ... but
everything ended in bankruptcy... Every time I knew where to start
from and every time I knew where I wished to arrive, but I had never
known how to get there... In the presentation of Lesson 2, I asked
you if you would dig for a treasure worth 1 million $ ... I know
the answer, but read again these lines... If you knew for sure that
the million really is there, you would dig, but if you were not
sure...? You surely know that you want to be financially independent,
but if you want to be sure that you will manage this, we should
see where we are, to realize where we want to arrive and how we
should do this thing.
I conceived my financial plan in 2001 (I was 27), I set my goal
to have passive incomes of 1 000 EUR/month (now I see how insignificant
my dream was at that time) when I were 35, I broke down the plan
on periods of time, years and months. I wrote down how I would achieve
this goal ... And I keep to the plan ... of course I have changed
it many times, because I have evolved during all this time ... but
now I know for sure that at 35 I will be financially free ... and
that is what I wish you too...
2 years ago I met a guy who was earning 3 000 $ per month having
a very good job. Talking about this and that, I started telling
him about what I began doing (I had started to achieve my financial
plan to obtain the financial independence). The guy listened attentively
that, following the investment of 9 000 $, I would get an income
from renting of 120 $/month and he answered: “To invest 9 000 $,
to take care that the tenants won’t cheat you with the telephone,
house expenses, electricity, to wash their toilet when they leave….
and all this to earn 120 $ per month??”… How right he was ... somebody
might say… We met again some time ago and he told me he had another
job and his salary was much bigger now (about 3 800 $), although
he did not have time even to breathe and he was not allowed to be
sick, but, as he said, ‘it does not matter how much you work if
you are paid so well”. And as I expected, he asked me how my business
was doing (of course he referred to the toilet-washing one), and
I answered that, at present, I earned from long term financial investments,
about 700 EUR per month and this was without doing absolutely anything,
because … to be honest… I didn’t either like washing toilets and
that was why I hired an Administrator for all my real estate. And
I earned this amount of 700 EUR without working more and without
neglecting my personal time. Therefore, I earned from investments
25% of the amount earned by him from his “titanic” work, with the
only difference that I …didn’t do anything for it…
- An overall view
on the Incomes and Expenditures Budget and the classical methods
of taxation for a natural person.
- Analysis of the
Incomes and Expenditures Budget, of the prospect and of the
methods used to increase the incomes and to decrease the expenditures.
- Where does money
come from, why and how it is taxed, depending on its source.
Test of evaluating the financial skills and the incomes. Basic
notions of Financial Education. The 45-year plan.
- The world of the
rich is a world that lives according to other rules. We begin
with the beginning, and the beginning is changing your way of
thinking.
- Preparing a Plan
to obtain the financial independence.
- Basic rules and
techniques for increasing the incomes and decreasing the personal
expenditures (that is for getting rich).
- Types of Investments
and types of Investors. Active Investments. How we can generate
an Active Investment.
- Identifying, attracting
and using external resources - Other People's Time, Other People's
Money, Mentors and many other absolutely necessary things.
- DREEEAMS ! I understand
that if I invest I earn money without working... but where from
can I get money to invest? Financial leverages. Pirghiile financiare.
- The Past and
Visions on the World Financial Future. Why is it good to be
Rich? Ways of protecting the Investments.
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// Incepand cu 20.12.2004 este disponibila noua versiune a cursurilor de investitii in limbile
romana si engleza.
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