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The Million-dollar man

October 29th, 2008 | 1 Comment | Posted in Economy, Giving, Investment, Retirement, Savings, Taxes

A million dollars doesn’t buy as much as it used to, but it is still a very impressive dollar figure, especially if you have worked hard and are now entering retirement with a cool million in the bank. One thing is certain, the best way to earn a million dollars is to get your money working as hard as you do. Investopedia.com has 10 steps that will help you retire as a millionaire.

  1. Set the Goal
  2. Start Saving
  3. Get Aggressive
  4. Prepare for Rainy Days
  5. Save More
  6. Watch Your Spending
  7. Monitor Your Portfolio
  8. Max Out Your Options
  9. Catch-Up Contributions
  10. Have Patience

Overall I think it is a very good list. Personally, I think #6 and #10 should be a lot higher on the list, but the list is dead on. Read the whole article to get more details on each step.

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This entry was posted on Wednesday, October 29th, 2008 at 6:44 pm and is filed under Economy, Giving, Investment, Retirement, Savings, Taxes. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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