Any serious investor should know what his PIPS & PIPE reading is at any given moment. If, for example, you have a PIPS reading of NS, together with a PIPE reading of 100+, you are entirely financially free! Some of you are probably wondering what all of this means. To tell you the truth, most people dont know. Let me explain. PIPS stands for Passive Income as a Percentage of Salary. PIPE stands for Passive Income as a Percentage of Expenses. Example: Salary = 400 000 p.a. Expenses = 300 000 p.a. Passive Income = 100 000 p.a. PIPS Reading = 25% PIPE Reading = 33% Any investors ultimate goal is to not be dependent on a salary, but rather to live 100% off of passive income. Example: Salary = 0 p.a. Expenses = 300 000 p.a. Passive Income = 400 000 p.a. PIPS Reading = NS (No Salary) PIPE Reading = 133% Many Treocians already have readings like the last example. Thanks to the Treoc Way, many more Treocians will register PIPEs of over 100% in the future. We dont really share our personal financial situations with each other, but your PIPS & PIPE is something you can share with anyone. It indicates the level of investment youre at, without sharing how rich or poor you are. We dont share the calculations behind the readings with each other, though. My PIPS reading is 150%, and my PIPE reading is 109%. Thus, I do not work for a salary because I have to, but because I want to. I am 100% financially free, because the definition of financial freedom is to be able to do what you want. I will elaborate on PIPS & PIPE calculations and definitions on the G2G Wealth Mastery event on the 15 th and 16th of November. For example, Ill cover what can be considered passive income, and whether we use gross or net figures. One of the G2Gs main activities will be teaching you how to create passive income. Thats what Im good at and its what Ill be teaching you. Come and find out for yourself why I am considered to be South Africas top wealth coach! The coach will do a free basic affordability analysis. This analysis aims to determine what level of the Treoc Way you are ready for. After this youll have two options: 1. Follow the Treoc way with the help of a coach; or 2. Follow the Treoc way without the help of a coach. 1. With a coach: The coach will explain to you what the coaching program entails and the costs involved. If you accept the coaching quotation , the coach will manage your entire Treoc Way until all goals, as agreed to, are reached. 2. Without a coach: If you decide not to make use of the coaching services, the coach will make you an appointment with a Treoc Way lawyer (the first consultation is free), and you can manage your Treoc Way on your own from thereon. Youll have to make your own appointments when necessary. You can, however, ask our Service Manager, Santa Venter, for help at any time. General Please note that while all first consultations are free for Platinum Members, second consultations and products arent automatically free - it depends on the agreement you have with the service provider. Let the service providers explain their fees to you, and make sure you get the Platinum discounts youre entitled to.
Posted on: Wed, 05 Nov 2014 17:16:23 +0000