Getting Rich Too Late

The key to getting rich is no secret.  It takes disciplined saving and investing over a long period of time.  I frequently give examples such as if you invested $10,000 at age 25 at an assumed rate of 8% and added $500 every subsequent month you would have $2,177,959.01 by age 65 when you retire. Continue reading “Getting Rich Too Late”

The Importance of Savings

We have all heard the idiom “Don’t work for your money; make your money work for you.”  This is the very essence of how passive income works.  You save, invest, or accumulate money in any way that you can, and then you put it into an asset that throws off cash for you regardless ofContinue reading “The Importance of Savings”