When it comes to measuring financial progress, many of us figure that if we could just have more money, then we’d be rich. But does making more money make you rich?
Achieving lasting wealth is easier than most people think. It doesn’t require a big income, and it doesn’t require tremendous financial sophistication. All you need to do is a number of simple things right. Someone who follows this simple, Point #by Point #plan can set themselves on the path to lasting wealth.
Money is considered such an important part of our society that we are often judged according to how much we are worth — in terms of dollars. We see this everywhere, and we talk about ourselves in terms of net worth. When we get life insurance, we have to try and put a dollar amount [...]
Here’s a loaded question for you: Are you rich? One of the numbers that is repeatedly thrown about to represent “being rich” is an annual salary of $250,000 a year. Others, though, don’t consider you “rich” unless you make $1 million. I know some families who would consider themselves “rich” if they could hit the [...]
I was perplexed when I read that one needs $12 million in savings to feel rich. No way, I thought, but I read on… $300,000 in annual income living in New York City, a $3,800 per month apartment, taxes, inflation and retiring at 35 until the age of 100 assuming 2.5% inflation and 5% return [...]
Mainstreet.com put together an interesting chart, detailing the top 10 states with the most millionaires. It’s ranked by percentage, and the results show that you will most likely meet a millionaire in Hawaii. Reading these are always fun, so first, here are the numbers.