This Formula TELLS YOU If You Will Be Rich

Now this is called the wealth equition and I found in this little book called “ Stop acting rich” where the author was trying to tell people that the rapper, famous and actors you see on tv with the fast cars and the mansions are not the real standard for real millionaires in the real world.

So in this video, I’ll share with you this formula and we can see if you are on pase to be a real millionaire or if you are on base for financial ruin. And ofcourse il’ll talk about how to fix tings and improve things.

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1. Formula ( wealth Equation )
– is going to show if you are good, average or terrible
– and if you feel like its impossible its not
– that’s why only 6.71% of household can claim millionaire status ( its hard )

– Things you Need to Know ( your age, Pre-tax annual income and current Networth )
– How to Calcualte the Formula : (You Age x Pre-Tax annual Income from all Sources except inheritance ) / 10
– Answer:

UAW : Under Accumulator of Wealth ( less than One Half aka less than 50%)
AAW : Average Accumulator of Wealth ( are on par with their expected Networth )
PAW : Prodigious Accumulator of Wealth ( Networth twice their expected level )

Truth is: Most people that are below the age of 30 should be happy to be atleast way their
– and if you are wondering how do you increase this networth is by investing your money and getting money to work for you ( because obviously as you increase your income your expected networth also increase)

Two Example:
– Ava Earns 150k a year plus 15k from investments for a total earnings of 165k a year, she is 50 years old and when you run the numbers should have networth of $825k ( she has 1.65M)
– James is 30 and earns 100k a year and should have a networth of 300k but he only has 100k because he believes fast cars get all the girls. Ps his still single. ( plus an under accumulator of wealth )

2. Types of Rich People
BA: balancesheet affluent
IA: Income Statement Affluent
CR: glittering Rich

3. The two thing you can do ( to be apart of the average or prodigious )
– Life Style Creeps: live in a neighborhood below your annual income
– spending above your means

4. Tips
– don’t buy expensive things, they lead to you buying other expensive things to keep up the persona
– When you get raise, stay living the same way and just invest more money
– Be patient because wealth takes time and that’s why only 6-7% people actually get their

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*Some of the links and other products that appear on this video are from companies in which Tommy Bryson will earn an affiliate commission or referral bonus. Tommy Bryson is part of an affiliate network and receives compensation for sending traffic to partner sites. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. I’m an Accountant but I’m not your Accountant, always review information with your Accountant/CPA and your Financial Advisor.

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