Tuesday, November 27, 2001

do YOU want to be a millionaire?

I was talking over lunch with a co-worker about retirement & budgets (me: feeling newly responsible broached the subject).
And something occurred to me as I shined the lightbulb over her head.
A) if you were living off $X.XX/year salary...
B) you suddenly began making 2 times $X.XX/year salary
C) you invest the difference, at say an average 6% a year interest...
D) You CAN retire a millionaire.
A valuable resource in this epiphany: bloomberg's retirement calculator
My point: I no longer need those caramel-colored suede pants, or that blazin hairstyle for the X-mas party. And I'm considering some home-made gifts (the thought that counts, blah...blah...blah).
The most important point: never allow your family, friends, kids, boyfriend, etc. to make your financial decisions for you OR tell you how to spend your money.

ok, gotta go...I need to go and "Just say NO" to some freeloaders....

No comments: