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Teaching you to embrace today while making yourself a millionaire!

I wish I would have understood how easy it is to become a millionaire by starting to save small amounts of money when I was younger...

I feel compelled to share the simple concepts you can apply today....

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20 January 2009

How to be a Millionaire - Simple Steps

GenM - Time is on your side -

So what is one of the pieces of the puzzle? "Time + Regular Investing" into a diversified portfolio = Long term success. The sooner you start investing in a 401k or IRA the more $$ you have for retirement.

If you invest $60 a week or $8.56 a day starting at age 18 for 50 years with an 8% return = $1.9 Million.

If you invest $60 a week starting at age 25 for 42 years with an 8% return = $1 Million

By waiting 7 years to invest a mere $60 a week - you give up almost one million dollars.

Where am I going to get $60 a week ??..... it is so easy with simple changes you won"t notice in the long run........
Pack your lunch instead of eating out -
Go to the library for movies, cds, books and games -
Plan your route to avoid extra driving -
Go to a matinee
Drink water vs ordering soda, coffee, tea etc.
Clip coupons
Most cities offer free events - check local newspaper

Little changes that will not affect your quality of life TODAY will pay off big TOMORROW.
This information can change your entire generation - WILL YOU BE A MILLIONAIRE?

Stay tuned.......

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