Page 107 - The Millionaire Mindset

Strategy 4-6:

Use the Monthly Income and Expense
Worksheet to determine where you are today.

The Monthly Income and Expense Worksheet compares present actual monthly
expenses with present monthly income to determine present spending. (Note: You may need
to record expenses for 60 to 90 days before you can accurately determine actual monthly
expenses.) To determine living cost, consider what represents a reasonable standard of
living at your present income level.

Today Determine income per month
is a List all gross income (income before deductions) in the “Income Per Month”
great section on the worksheet. Consider all income, and don’t forget to calculate commissions,
day fees, tips, bonuses, inheritances, alimony, loans and allowances.
When income consists totally of commissions or other fluctuating sources,
add up your income for a year and divide by twelve. Use a low yearly average for this
worksheet rather than a high average. Reimbursed expenses should NOT be considered
as “income.”

Monthly Income & Expense Worksheet

INCOME PER MONTH

Employment (self)

Employment (spouse)

Multiple Sources of Income

Investments

Pensions

Annuities

Settlements
Government
Interest
Dividends
Real Estate
Millionaire
Mindset102TOTAL GROSS INCOME