How to Become Rich Raleigh NC

How long you are willing to give yourself to achieve that goal directly shapes how much money you must sock away each year to get there. If you have 30 years to stockpile your million—as many people aiming toward retirement do—then you have to come up with only $675 a month or $8,100 a year.

North Carolina SBTDC
(919) 715-7272
5 West Hargett Street Suite 600
Raleigh, NC
 
Acadia Northstar
(919) 954-7040
5029 Falls of Neuse RD
Raleigh, NC
 
Alwon George Msw
(919) 781-1288
4821 Rembert Dr
Raleigh, NC
 
Century Small Business Sltns
(919) 782-3366
5561 Mcneely Dr
Raleigh, NC
 
Lifecare Counseling And Coaching
(919) 851-1527
1215 Jones Franklin Rd
Raleigh, NC
 
North Carolina State University, Capital Region
919-715-7373 ext. 627
5 West Hargett Street, Suite 600
Raleigh, NC
 
Business Development Associates
(919) 871-9980
6200 Falls of Neuse RD
Raleigh, NC
 
Market Your Purpose Coaching & Consulting
(919) 439-5228
3737 Glenwood Avenue Suite 100
Raleigh, NC
 
Denise S Bennet Business Strategy
(919) 235-0809
8360 Six Forks RD
Raleigh, NC
 
The Business Clinic Pllc
(919) 844-3201
7024 Trenton Ridge Ct
Raleigh, NC
 

How to Become Rich

Becoming a millionaire may sound impossible. Millionaire may strike you as a term that’s meant for other people, not you. But that’s just not true.

How long you are willing to give yourself to achieve that goal directly shapes how much money you must sock away each year to get there. If you have 30 years to stockpile your million—as many people aiming toward retirement do—then you have to come up with only $675 a month or $8,100 a year. If you are getting matching dollars from an employer’s 401(k) or other similar retirement plan, you don’t even have to come up with all of that money yourself.

If you want to reach your goal in half the time, I can show you how that picture works as well. But whether there’s an employer match in the picture or not, you’re going to have to be more aggressive in your savings (and perhaps your earnings as well). Whatever timetable you’re looking at, if you put your mind to it, it can be done.

The Millionaire Math
Here’s what happens to your money when it’s put away to grow tax-free:

The 30-Year Millionaire
If, starting today, you can find $675 a month to invest tax-deferred at 8 percent, 30 years from today you will have your $1 million. Here’s where 401(k) plans are so useful. If you are in a 401(k) plan that matches your contribution, you may have to come up with much less money yourself.

Click here to read the rest of the article at SuccessMagazine.com