Posts tagged "Financial Tips"

70/30 Wealth Building Formula

I will share with you a technique or formula commonly used by them who have been successful in life.

It is good if you can implement and start this technique as soon as possible and share with your family or friends.

What is the 70/30 Generating Wealth Formula?

This technique is to divide your income into 2 parts:

70% for living expenses for a month. This including payments for houses, cars, food and shopping! If not enough you need to find way to reduce your expenses until it is sufficient 70% of your income. You
can do so with a realistic savings.

For example, if your salary is $2000 per month, you can only shop of $1400 (70%) only in that month.

The remaining 30% (or $600) will we use to generate wealth!

-10% First ($200) to use for welfare, either help the elderly, orphans, and donation. Remember, things that will bring bless happiness and double your prosperity.

-10% Second ($200) to use for business. No matter what business you want to join, you need capital to start. Go courses, purchase books, programs and so forth. Learn something a new, open your mind and you will find something profitable.

-10% Last ($200) to save for your future. This is the key to your success because it will explode your bank account in silence.

Note: If you save $200 every month with bonus 10% a year, your savings will reach:
>> $175, 000 (20 years)
>> $525, 000 (30 years)
>> $1.4 million (40 years)

70/30 technique is so powerful and effective if you want to generate wealth in life. No matter no matter how you pay it monthly, you must use the above techniques for your future.

But not all people will follow no matter how great this formula. And a lot of people still working during their pension. This is because they have no surplus money to to safe. Or they are wasting their money and not thinking about the future.

Then if you want to achieve financial freedom, I suggest to you, please follow the 70/30 formula starting today. Savings start today to start your savings.

1 comment - What do you think?
Posted by admin - March 3, 2010 at 7:06 am

Categories: Wealth Building   Tags: ,