jsda_man
|
its really not that hard. theres many ways, one easy way is to get a roth IRA. this will take taxes from you when you put the money in but not when you take out. If youre are to average 11% a year with $4,000 (thats the max you can put in annually) youll be there in no time. The rule of 72s. 72 / 11(percentage gain annually) = 6.5 (years to double your money)
soooo say all you ever put in is the initial $4,000 in 6.5 years its $8,0000, then 16,000 then 32,000 then 64,000 then 128,000 then 256,000 then 512,000 then 1,240,000.
that means it will take you 52 years to make a million and thats only with 4,000. imagine if you put that much in every year and then also made say 15% annually. its really very easy to get there.
and saving doesnt do jack if its sitting in a checking account making 2% a year....if that. |
Homepage 
Financial
Forum 
Investing 
No Spam
Adult 
Gambling
Unfinished
Deception
Plagiarism
Not English
