The End Game isn’t a Big Business, it’s producing more Dividends than my COL.

I’ve got to remember that.

I haven’t checked into this blog in a while.  I went through some shit that I couldn’t post up here with the same level of honestly to clear my head.  (journaling is the key to clearing my head)

The End Game = 4 Million @ 7% APY in mostly dividends

Why?

1. The tax on investment income is lower than business income
2. @7% it’ll produce 26K monthly
3. 26K monthly is more than enough to live an amazing lifestyle. (to date my COL with 3 kids, house, 1 lease is just above 10K /mo)

How long would it take me to save 4 milliion?

• @10K /month = 400 months or 33 years
• @20K /month = 200 months or 16 years
• @30K /month = 133 months or 11 years
• @40K /month = 100 months or 8 years
• @50K /month = 80 months or 6 years
• @60K /month = 66 months or 5.5 years

@100K /month = 40 Months or 3.33 years

But @100K /month, my tax bracket will be obnoxious.  Biden is making 400K+ earners get taxed much more heavily.

So what should I do?

There’s options:

1. Trade Time into Building Business Systems that increase profits without my time
   1. Might make sense to build multiple businesses
   2. These business(s) need to operate without me, or with minimal amount of time
   3. If I see diminishing returns on the investment of my time (ARML is a very good example) then my time needs to go elsewhere
2. Develop the skill of making money with my money
   1. ONLY DO THIS, AFTER #1 IS COMPLETED.
   2. AGAIN, Business Systems have the Highest ROI on my time until I can put in ??/month (How much a month into my business system?)

Do I really need 4 Million?

If my COL is 10K /month right now…  how much more do I really need?

What if I only needed 2 million?

Rather, HOW could I only need 2 million?  That’d produce roughly 12.5k /month.

That might not be enough after capital gains tax of 10-20%, even if I had no mortgage, no car payments and a lot of barters.

Nathan says he was able to travel the world on 20K /month with 1 kid while saving money.  So I should be able to do the same with 25K /month with my 3 kids, breaking close to even.

4 Million it is, but I always forget the rule that the rich keep getting richer.   Momentum is the X Factor.

Mindset Development & Cash Flow (game by Robert Kiyosaki)

I’ve been spending a lot of time looking at cars, because I dislike mine so much.  Heck, I’ve been taking a lot of time to spend money because I’ve forgotten about the real game – building my 4 Million.

That’s where mindset comes into play.

Mindset & Momentum.

My son took his first steps, 6 of them a matter of weeks ago.  Shortly after, he’s walking all over the house.

I have yet to take my first steps in building my money system.

I’d say 20K a /month is a nice place to start.

How much do I need to make in order to put 20K /month in a money system?  50K /month.

50K /month = 37% tax bracket

• 22K to the Man
  • 18.5K going to the man in Federal Taxes
  • 3.4K to State Taxes
• 20K to the Money System
• 8K to COL (cost of living)

Not enough to COL

I need to lower my COL.

Once the kids are out of day care, it’ll be lowered by 2K /month

50K it is.

Action Steps:

• Trade time into a Building me out of my Business System
• Watch for diminishing returns on my time, start new businesses if that happens
• Put $$ back into business systems until it’s 50K /month, then put 20K /month towards my money system
• Reduce COL