Important Formulas

From time to time I may refer to formulas. Instead of burying formulas into my posts, i thought I'd just provide a central place form them.

Definition of "Rich" formula:


Residual income formula:


Income Source formula:


Goal Setting Formula:


Savings Formula: x /y = z

x = total cost of expenditure
y = how many months you have to save before the spending takes place
z = required savings per month