Page 13 - Charles Calhoun Book Rich As You Want To Be

the house. $1.2 million in assets minus

$400,000 owed equals a net worth of “only”

$800,000. Not a millionaire but soon could
be one.

C. Assets of $20,000 but debts of $95,000 (car

loan plus college loans plus credit cards).
$20,000 minus $95,000 equals -$75,000 net

worth. They would have to save and pay off

debt of $75,000 just to get back to ZERO.
Ouch! At that point they would be broke.

Me become a millionaire? Can I really do that?

Well, of course you can. If you invest a mere

$100 each month once working from say age 20 to

age 60 that would grow to be $1,188,242 and you
would be a millionaire based on that alone. That

should enable you to enjoy a fine life. It also gives

you lots of choices, which is freedom. That first
million could be invested and could turn into $2

million, $5 million, $10 million, or even $100

million. Who knows where it could lead? Each
million could be used to produce income of roughly

$50,000 per year or even more. Imagine if you had
$5 million. That could produce an income of about

$250,000 per year or about $20,000 per month.

12