Beginner’s Guide

On HOW TO MAKE YOURSELF A

MILLIONAIRE
By: Icy Dacer
My deepest desire in this book is to help you build a strong
foundation in your investing life. I made this book simple for
you to learn and know in the quickest way possible on how
to make yourself rich. I am excited to start. Are you?
CHAPTER 1: LEARN PRACTICAL COMPUTATIONS

A. INCOME + ASSETS

JOB INCOME ASSETS

EXPENSES LIABILITIES

“BUY AND CREATE ASSETS THAT GENERATE CASH FLOW.”

- Robert Kiyosaki

Compute all your income so, you can budget for your expenses and
liabilities. 

“DON’T WAIT UNTIL YOU HAVE ENOUGH MONEY, YOU NEED

ONLY DETERMINATION TO SUCCEED”

- Henry Sy

WHAT SHALL YOU DO?

Answer: BUY ASSETS 

B. INCOME – EXPENSES

B.1 LIVE BELOW YOUR MEANS.

Your expenses must be lesser than your income.
List down everything you buy and all your income.
 Use this formula:
INCOME-EXPENSES= NET

WHAT SHALL YOU DO?

Answer: Make an income-expense plan! 

B.2 GENERATE MORE CASH FLOWS

More assets that generate cash flows can help you buy
what you want without worrying about changing your habit of
spending.
You will learn more about the different types of income
that you could make in the next chapter.

WHAT SHALL YOU DO?

Answer: Aside from your job, find side-trips that make you earn
more money! 

C. SAVING

“When you begin to save, it’s not about having a lot of cash but
rather having a lot of CONSISTENCY”.

You can get rich by saving regularly and allowing time to grow
your savings.
Here is a sample computation:
Starting Age: 20 years old
Ending Age: 50 years old
Fixed Amount/Month: P3000

In one year there are 12 months, so your yearly savings

for P3000 per month is P36000.
Age Amount
20 36000
21 72000
22 108000
23 144000
24 180000
25 216000
26 252000
27 288000
28 324000
29 360000
30 396000
31 432000
32 468000
33 504000
34 540000
35 576000
36 612000
37 648000
38 684000
 39 720000
40 756000
41 792000
42 828000
43 864000
44 900000
45 936000
46 972000
47 1,008,000
48 1,044,000
49 1,080,000
50 1,116,000

WHAT SHALL YOU DO?

Answer: Now think of an amount that you can faithfully save from now on! 

CHAPTER 2: KNOW THE TYPES OF INCOME

To create wealth, you must learn the types of income. This will help
you to decide where to take your first step.

1- Earned Income
 Job
 Freelancers

You exchange your time for money.

2- Profit Income
 Selling products
  Selling services

You can become an entrepreneur. You can make use of

internet to leverage your sales. This type of income can be
active (if you do this by your own) or passive (if you let others
do it for you).

2 TYPES OF PROFIT INCOME

- Individual
- Business

3- Interest Income
 Savings account
 Trust funds
 Bonds
 Treasury

You collect interest in your money lended to banks.

You can lend money to your friends and get interest, but make
sure you can trust them.

4- Dividend Income
 Invest in stocks

You can become a shareholder by buying stocks of a company.

You will receive a cheque every quarter depending on the time
conditions you entered.

5- Rental Income
 Real estate

Buy a house, business areas, equipments, cars or lands and let

other people rent it. You exchange your property with money.

6- Residual or Royalty Income

 Music
 Movie
 Book
 Vlogs
 You exchange your ideas and talents with money.

Check out this link for a video: https://www.youtube.com/watch?v=7IGG8f-SPmk

WHAT SHALL YOU DO?

Answer: Choose what type of income you can generate! 

You can choose one or do everything altogether! 

CHAPTER 3: KNOW YOURSELF

Here is an illustration from Robert Kiyosaki’s book:

E B
S I

On the left side, E stands for employee and S for self-employed.

On the right, B stands for a business owner and I for investor.

Now, who do you want to become?

Your answer will remind you on what to do exactly next!

Check out this audiobook: https://www.youtube.com/watch?v=b56cb2-W1e0

WHAT SHALL YOU DO?

Answer: Figure out what you want to become and act on it! 
CHAPTER 4: KNOW YOUR MONEY

It is simply keeping all records of all you cash flows in and out.

You can use your PC or a simple notebook to note down all of your
income and expenses, and other related financial records. This will help
you know your money very well.

WHAT SHALL YOU DO?

Answer: Buy a notebook or download a money tracker for your

convenience . 

CHAPTER 5: ACKNOWLEDGE THE GIVER AND GIVE BACK

Nothing beats the real essence of why we need to get rich.

Your money can change the lives of the people around you.
Wealth without purpose is meaningless.

WHAT SHALL YOU DO?

Answer: Be a blessing to the people around you! 