Posted in Personal Finance on October 28th, 2007 No Comments »
I recently read an article that many single digit millionaires don’t feel they have enough and for many it’s not enough to retire. Well this all depends on where you live, but I do see their point. A million dollars today just doesn’t buy as much. Home prices in my area range [...]
Posted in Investing, Personal Finance on July 14th, 2007 2 Comments »
Could I really achieve $19 million dollars by age 48? In theory yes. Using an interest calulator, which compounds money once a year at 20% with an intial investment of $500,000 I should be able to reach this milestone.
The problem with formula is with the 20%. Being able to achieve 20% a [...]
Posted in Personal Finance on February 2nd, 2007 2 Comments »
An article just came out today stating that personal Savings in America fell to a 74 year low. The savings rate was actually a negative one percent. This means people spent all their income and used credit.
I found this article very disturbing, and alarming. If you plan to become wealthy then you [...]
