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.
Here’s the simplest equation describing what we talk about everyday. wealth = accumulated (income – spending) There are essentially two ways to increase your wealth: increase your income decrease your spending Do this and over time, you will accumulate wealth. You are probably thinking that this is pointless, but sometimes we need a reminder because […]
The other day, my friend told me she called customer support and complained about their service because she can get a 15% off coupon every time she does this. In many levels, I felt that it was wrong but couldn’t exactly point out to her at the time why I felt that way because she […]
Everyone who is reading this because he/she wants to know how to get rich quick needs to realize that there’s no calculated way of doing so. Every day, there are many people who all of a sudden become rich whether it’s because of the lottery or betting big on the right stock which skyrocketed. Unfortunately […]
