how to get wealthy

How To Get Wealthy

By: Demond Johnson

(S.W.A.G=>Systematic Wealth Acquisition Group)

Information resource:

4 Terms you must know when discussing

Wealth Are:

Income, Expenses, Assets, and Liabilities

Term Clarification

• Income(I)Money that comes in.

• Expenses(E)Money that goes out.

• Assets(A)Things that pay you money

• Liabilities(L)Things that cost you money.

Next, you will want to learn about three classes of

People and their spending Patterns.

THREE CLASSES OF PEOPLE

Poor

Middle Class

Wealthy

What is the Spending Pattern of the Poor?

THE POOR… spend all their income on expenses, and end up broke.

INCOME

EXPENSES

Broke

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 still broke.

INCOME

EXPENSES

LIABILITIES

Still Broke.

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 pay off expenses and

liabilities. Once their assets create an income greater than

their monthly expenses they are infinitely wealthy.

INCOME

EXPENSES

LIABILITIES Assets

1

2

3

How is compounding used in building wealth?

Keep it Simple Smarty (K.I.S.S.)!

Einstein believed that compound interest was the greatest invention of man, and considered it to be the eighth wonder of the world.

Everything should be made as simple

as possible, but not simpler.

What do you mean Albert?

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.”

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:

Which would YOU choose?

Getting $10,000

TODAY

or

1penny

Compounded for

30 days

$5,368,709.12

0.00

1,000,000.00

2,000,000.00

3,000,000.00

4,000,000.00

5,000,000.00

6,000,000.00

Day1

Day3

Day5

Day7

Day9

Day11

Day13

Day15

Day17

Day19

Day21

Day23

Day25

Day27

Day29

1 Penny Compounded Daily

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.

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 lifestyle without having to work.

Once We create a monthly Income from Assets that is 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.

Thank You for taking the time to view

this Report: How To Be Wealthy.