The Millionaire Mindset

102

Today

is a

GreaT

d ay

Millionaire

sTraTeGy 4-6:

Use the Monthly income and expense

worksheet to determine where you are today.

The Monthly Income and Expense Worksheet compares present actual monthly

expenses with present monthly income to determine present spending. (Note: You may need

to record expenses for 60 to 90 days before you can accurately determine actual monthly

expenses.) To determine living cost, consider what represents a reasonable standard of

living at your present income level.

determine income per month

List all gross income (income before deductions) in the “Income Per Month”

section on the worksheet. Consider all income, and don’t forget to calculate commissions,

fees, tips, bonuses, inheritances, alimony, loans and allowances.

When income consists totally of commissions or other fluctuating sources,

add up your income for a year and divide by twelve. Use a low yearly average for this

worksheet rather than a high average. Reimbursed expenses should NOT be considered

as “income.”

Monthly income & expense worksheet

inCoMe Per MonTH

Employment (self)

Employment (spouse)

Multiple Sources of Income

Investments

Pensions

Annuities

Settlements

Government

Interest

Dividends

Real Estate

TOTAL GROSS INCOME