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.
- Set the Goal
- Start Saving
- Get Aggressive
- Prepare for Rainy Days
- Save More
- Watch Your Spending
- Monitor Your Portfolio
- Max Out Your Options
- Catch-Up Contributions
- 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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