Well, it didn’t really take very long, but my FIRST sales site is up and running … feel free to visit, and sign up to receive my 2nd eBook for FREE (don’t buy the 1st eBook mentioned in the ‘sales letter’ … it’s also available FREE to all of my readers, here).
Let’s say that you don’t care about your Life’s Purpose – it’s an airy-fairy exercise not suited to you.
Far be it for me to prove you wrong 🙂
… so here is what you are looking for: a ‘menu’ of Ideal Incomes, already served up for you … pick the one that you like and scan across to the corresponding Number.
This is also useful even if you did work on coming up with at least a reasonable facsimile of Your Life’s Purpose … you might be struggling to calculate the cost of living that future / ideal lifestyle on the worksheet that I provided, so this post will help you, too.
It comes from a book by Lee Eisenberg, appropriately called The Number, but which seems to have very little to do with calculating your Number and a lot to do with:
a. Why you need one (still not convinced that you need one even after all of my diatribe? Go get the book!)
b. Your Life’s Purpose – but, the closest he seems to get to helping you understand what that might be is when he quotes directly from George Kinder’s Big Three Questions.
However, Lee does recount a story of a guy who has no interest in understanding his Life’s Purpose, but does have a very clear idea of his Number and what sort of lifestyle it can support; the ‘mystery man’ produces the following table:
According to this table, I already live “kind of rich” to which I add the travel habits of the “rich” …
Otherwise, this is a remarkably sensible table!
However, the jump between “kind of rich” and “rich” is too large … and, I suspect that a lot of you will find that your dreams also put you somewhere between the two (as it has for us), in which case Michael Masterson’s more detailed discussion of the cost of various lifestyles – from his book Seven Years to Seven Figures – may help (but, read my posts as they correct various glaring errors that, in my humble opinion, Michael has made):
Again, read my posts as I do not believe that these sufficiently take into account market returns (hence ‘safe withdrawal rates’) – even ignoring the current market meltdowns – or the true cost of high-income housing, etc. … so, only use these as a guide to help you with this exercise.