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”
Tag Archives: compounding
Why I Love Dividends
A well run company with a fair valued stock price that pays a dividend is a beautiful thing. One reason I love dividends is that regardless of the stock price, you will receive the same dividend payment. For example, let’s say you invested $10,000 in JP Morgan (JPM) at a stock price of $100.00. YouContinue reading “Why I Love Dividends”
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”
Never Ending Surplus
How can one tell when they have enough money to retire? This is a question that is highly personal and varies from individual to individual. There is no magic number even though society would have you believe that 65 is that magic number. It could very well be 45 years old, 75 years old, orContinue reading “Never Ending Surplus”
Investing Now vs Investing Later
Everybody knows that the sooner you start investing and saving, the more money you will end up with. So why do people always put off saving money and investing? Part of the reason is because they do not realize what the opportunity cost is. If most people saw the difference by the numbers then theyContinue reading “Investing Now vs Investing Later”
Money and Medicine for Millenials 