Gain Control of Your Finances
Professional Accountants with a Balanced Approach
Taking Care of Your
Thompson Accounting Company, PLLC email@example.com O:
(520) 822-8208 C: (520) 481-8015
Formula to determine if you are wealthy:
Multiply your age times your realized pretax annual household income from all sources
inheritances. Divide by ten. This, less any inherited wealth, is what your net worth
should be to be
considered the “millionaire next door.”
Do you wish to become affluent and stay affluent?
Your household should operate on an annual budget.
You should know much your family spends each year for food, clothing, and shelter.
You should have a clearly defined set of daily, weekly, monthly, annual, and lifetime
You should spend a lot of time planning your financial future.
Being frugal is the cornerstone of wealth-building.
Were your parents frugal?
Are you frugal?
Is your spouse more frugal than you are?
Planning and controlling consumption are key factors
towards wealth accumulation.
Lifestyle conducive to building wealth:
Live below your means
Allocate your time, energy, and money efficiently in ways conducive to building wealth
Believe that financial independence is more important than displaying high social
Do not accept financial help from your parents
Raise your children to be economically self-sufficient.
Be proficient in targeting market opportunities
Choose the right occupation.
Choose the right mate
Enjoy saving as much as if not more than spending