Liquid Millionaire - isaco

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Liquid Millionaire
I suggest that you fi ll in the amount below or write it down on a piece
of paper.
Your Dream Lifestyle = £_________________ per year.
And remember, as Johann Wolfgang von Goethe once said:
“Dream no small dreams for they have no power to move the hearts of
men.”
Before we move on, now is a good time to explain why committing a
goal down on paper is so important in helping you to get what you want.
A goal not written down is merely a wish or fantasy. But a goal clearly
stated on paper is a serious commitment to yourself. As author Gary
Ryan Blair says:
“Once a goal is written, you’ve made an investment. By choosing a goal and
writing it down, you gain an edge. You execute best with precise instructions.
Your written goal should be specifi c and measurable. What was once recorded
on paper will soon be recorded in history…as a goal achieved.”
Next, we are going to calculate how much money you would need to
accumulate to pay you the amount needed to live your dream lifestyle.
I suggest you use the 7% withdrawal formula that my brother Paul and I
featured in our fi rst book: Th e FAST TRACK to Financial Independence.
Here is how the 7% withdrawal formula works:
Let’s say that in the future you had the knowledge of how to return 20%
each year. If you attained that knowledge, you could then safely draw
down 7% to pay for your ideal lifestyle.
Let’s do this working out together on a calculator.
Tap in the amount you said you would like each year and divide it by
7 and then multiply it by 100. Th is is the amount you would need to