RAT RACE Phase 1: GET OUT of the RAT RACE!
Build up your Passive Income to be greater than your Total Expenses
INCOME STATEMENT
Income
Profession
Description
Cash Flow
Salary:
Dream
Interest/Dividends:
Auditor
Real Estate/Business:
(Person on your right)
$ Salary
Passive Income
(Cash Flow from Interest/Dividends
and Real Estate/Business)
If Passive Income
is greater than
$ Total Income Total Expenses,
Expenses
you’re out of the
Rat Race!
Taxes:
Home Mortgage Payment:
School Loan Payment:
$ Total Expenses
Car Loan Payment:
Credit Card Payment:
Other Expenses:
Bank Loan Payment: (10% of Bank Loan Total)
= $
Monthly Cash Flow
Per Child Expense: x (# of Children):
BALANCE SHEET
Assets
Liabilities
Savings:
Home Mortgage:
Precious Metals, Etc.:
School Loans:
Stocks/Funds/CDs: # of Shares:
Cost/Share: Car Loans:
Credit Card Debt:
Bank Loan:
Real Estate/Business: Down Payment:
Cost: Real Estate/Business:
Mortgage/Liability:
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