The Millionaires Wealth Formula

By: Mark Johnson

How do you become wealthy? That is the question that many people ask everyday. What if you had a formula that would answer that question?

After extensive research I have discovered a formula, which if you use it, will allow you to become wealthy. The formula is FG + E = I. Now you probably want me to explain what exactly that means.

First you need to understand that money is only a tool and a tool is something you can use. This is important, money is something you use. If you understand that point you can become financially free.

The formula is FG + E = I. The {FG} stands for your financial goal. How much money do you want to have to live the life you want? Most people never write down how much money they will need to be financially free. Sit down and write out how much money you want to have and why you want it. If you dont have a big WHY then you wont have the drive necessary to get the tools you need to accomplish the goal.

The{ E} stands for expenses. Figure out what it is going to cost you to live the life you want to live. This includes the new car, the house, the trips and anything else you think you need. You need to know what your monthly expenses are going to be if you want to be financially free. You probably wont be able to give exact numbers but you can get pretty close. Remember this is for how you want to live not what your current or past situation was.

When you add the FG + E you come up with the {I}. The {I} is the amount of income you will need to live the life you choose. Now before you get discouraged and say I cant earn that kind of money in my job, remember I said income not pay. If you want to be wealthy you need to understand that wealthy people have multiple streams of income. They may own businesses that other people run and pay them; it could be income from real estate or any number of other sources.

If you want to be a multimillionaire you need to start thinking bigger and setting bigger goals. You are the only person that knows what it is you want from your life, so use the formula, come up with the number and start setting goals to get you there.

Article Source: http://yourfinance.co.za

About The Author
Mark Johnson is a life coach and consultant, who loves getting the most out of life and enjoys helping others to do the same. He enjoys a full life with his family and horses on his ranch in the Rocky Mountain Foothills. Mark is the founder of Your Wealth and Wisdom. Visit his website http://MoneyWealthWisdom .com
It is my mission to help everyone learn to become wealthy. There is more than enough for everyone because we dont all define wealth in the same way or want the same things in life. You can learn more about how to make money, build businesses, protect your wealth, eliminate debt and develop passive income streams at my website