so until I get caught up on all the Material in this forum most of my reference will be from Rich Dad Poor Dad materials
In the books he talks about creating 3 plans (Security, Comfort, Rich)
1.) Is he saying call an accountant and tell them you need to make up each type of plan? will they know what I'm talking about? has anybody done this?
My Assumptions:
I assume the items listed on the Security Plan would be mostly Slow Lane items:
College Education level - estimated Salary (My guess is this typically a Bachelors Degree around 40k-70k income)
401K
Roth IRA
CD's
Bonds
Savings Account
Insurance Policies: Life, Health/Dental/Vision/Disability, Auto, Home-owner/renters
Personal Home-ownership/ Property ownership vs Renting
Will
Prenuptial Agreement
Dependable Vehicle (Drive till the Wheels fall off Buy used and repeat)
Plan for Children
possible extras: Tough-Time-Assets (stock, Jewelry, Equipment, Coins/collectibles)
Home and Auto Security Systems
I would also assume The Comfort Plan to include most if not all of the Security Plan items Plus:
Higher Level of Education (Masters Ph D) 70-200k income
Need for more Tax right offs
Larger Home Ownership
New Car Every 80k miles
2-4wk Vacations every 6 months
More and More Expensive Comfort Doodads (Furniture, Appliances, etc)
Better Insurance Coverage with higher premiums
More/Better-Quality Tough-Time Assets
etc. This is kind of the Upper Middle Class Plan?
Rich - The Fast Lane
All items from previous two Plans without Bad Debt (or very little)
Income Generated from Passive or Portfolio income and maybe a small portion from earned income
RE Investments
Building Businesses
Investments mainly Accredited
Natural Resources/Precious Metals
In the books he talks about creating 3 plans (Security, Comfort, Rich)
1.) Is he saying call an accountant and tell them you need to make up each type of plan? will they know what I'm talking about? has anybody done this?
My Assumptions:
I assume the items listed on the Security Plan would be mostly Slow Lane items:
College Education level - estimated Salary (My guess is this typically a Bachelors Degree around 40k-70k income)
401K
Roth IRA
CD's
Bonds
Savings Account
Insurance Policies: Life, Health/Dental/Vision/Disability, Auto, Home-owner/renters
Personal Home-ownership/ Property ownership vs Renting
Will
Prenuptial Agreement
Dependable Vehicle (Drive till the Wheels fall off Buy used and repeat)
Plan for Children
possible extras: Tough-Time-Assets (stock, Jewelry, Equipment, Coins/collectibles)
Home and Auto Security Systems
I would also assume The Comfort Plan to include most if not all of the Security Plan items Plus:
Higher Level of Education (Masters Ph D) 70-200k income
Need for more Tax right offs
Larger Home Ownership
New Car Every 80k miles
2-4wk Vacations every 6 months
More and More Expensive Comfort Doodads (Furniture, Appliances, etc)
Better Insurance Coverage with higher premiums
More/Better-Quality Tough-Time Assets
etc. This is kind of the Upper Middle Class Plan?
Rich - The Fast Lane
All items from previous two Plans without Bad Debt (or very little)
Income Generated from Passive or Portfolio income and maybe a small portion from earned income
RE Investments
Building Businesses
Investments mainly Accredited
Natural Resources/Precious Metals
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