How to Become Rich Winston Salem 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.

Winston-Salem State University SBTDC
(336) 799-7340
301 N. Main St., 9th Floor, Suite 921A
Winston-Salem, NC
 
Better Business Bureau
(336) 725-8348
500 W 5th St
Winston-Salem, NC
 
Estate & Retirement Consultants of The Carolinas
(336) 722-3236
380 Knollwood St
Winston-Salem, NC
 
Kiger & Associates
(336) 750-0101
1975 Beach St
Winston-Salem, NC
 
Forsyth Management Group Limited
(336) 712-4600
120 Charlois Blvd
Winston-Salem, NC
 
Brogden Lucinda Consulting
(336) 245-2677
453 W End Blvd
Winston-Salem, NC
 
Fedora & Company
(336) 768-6727
4400 Silas Creek Pkwy
Winston-Salem, NC
 
Johnson West Associates
(336) 725-9465
245 N Hawthorne RD
Winston-Salem, NC
 
Harrell Robert B and Associates
(336) 721-3322
203 S Stratford Rd
Winston-Salem, NC
 
Fawky Abdallah Company Inc
(336) 765-6600
226 Cedar Trl
Winston-Salem, 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