This is a PDF file discussing Financial Education. The work of Robert Kiyosaki's book Rich Dad Poor Dad was used to create this "E-Report". Discover: the 3 classes of people, their spending patterns, the power of compounding interest, and the definition of wealth.

1. How To Get Wealthy
By: Demond Johnson
www.PennyDoubled.net

2. Information resource:
Information Resource

3. 4 Terms you must
know when discussing
Wealth Are:

4. Income, Expenses,
Assets, and Liabilities.

5. Term Clarification
• Income(I)Money that comes in.
• Expenses(E)Money that goes out.
• Assets(A)Things that pay you money
• Liabilities(L)Things that cost you money.

6. Next, you will want to learn
about three classes of
People and their spending
Patterns.

7. THREE CLASSES OF PEOPLE
Poor
Middle Class
Wealthy

8. What is the Spending
Pattern of the Poor?

9. THE POOR…
spend all their income on expenses, and end up broke.
INCOME
EXPENSES
Broke

10. What is the Spending
Pattern of the Middle
Class?

11. THE MIDDLE CLASS…
spend income on expenses and ever increasing liabilities
which create more expenses. And, They are still broke.
INCOME
EXPENSES
LIABILITIES
Still
Broke.

12. What is the Spending
Pattern of the Wealthy?

13. THE WEALTHY…
use their income to buy assets, which increase their income.
The increased income allows the rich to pay off expenses and
liabilities. Once their assets create an income greater than
their monthly expenses they are infinitely wealthy.
INCOME
EXPENSES
LIABILITIES
Assets
1
2
3

14. How is compounding
used in building wealth?

15. Keep it Simple Smarty (K.I.S.S.)!
Einstein believed that
compound interest
was the greatest
invention of man,
and considered it
to be the eighth
wonder of the
world.
Everything
should be made
as simple as
possible, but not
simpler.

16. What do you mean
Albert?

17. When Einstein was asked to
expound on his
statement about
compounding he said
“Compounding is
mankind’s greatest
invention because it
allows for the reliable
systematic accumulation
of wealth.”

18. When we take the income
that we earn from Assets
and buy more assets we
create a compounding
effect.

19. Let’s look at an Example of Compounding:
If you had a choice between:
Which would YOU choose?
$10,000
Dollars
Today
Or
A Penny
Compounded
For
30 Days

20. Target 01: $0.01
Target 02: $0.02
Target 03: $0.04
Target 04: $0.08
Target 05: $0.16
Target 06: $0.32
Target 07: $0.64
Target 08: $1.28
Target 09: $2.56
Target 10: $5.12
Target 11: $10.24
Target 12: $20.48
Target 13: $40.96
Target 14: $81.92
Target 15: $163.84
Target 16: $327.68
Target 17: $655.36
Target 18: $1,310.72
Target 19: $2,621.44
Target 20: $5,242.88
Target 21: $10,485.76
Target 22: $20,971.52
Target 23: $41,943.04
Target 24: $83,886.08
Target 25: $167,772.16
Target 26: $335,544.32
Target 27: $671,088.64
Target 28: $1,342,177.28
Target 29: $2,684,354.56
Target 30: $5,368,709.12
If you chose the penny compounded, then you made a far better
choice. As you can see you would have received over 5 Million dollars
if you chose the penny compounded for 30 days.

21. Bringing It All Together

22. Wealth is measured in Time not
in money. In other words ,
Wealth is the number of days
that we can maintain our
current lifestyle without having
to work.

23. Once We create a monthly
Income from Assets that is
greater than Our monthly
Expenses then We are Infinitely
Wealthy.

24. If you would like to Start
Applying the Information you’ve
Learned In this Report
Click Here.

25. Thank You for taking the
time to view this Report:
How To Be Wealthy.
BY: Demond Johnson