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To: PayNoAttentionManBehindCurtain
That has very little to do with it, at age 25, you deside to pay yourself first, you save and invest $50 a week at 10% for 40 years, you're worth $1,392.212.00 cash at age 65, and that don't count the rest of your paid off assets you have by then. When you start saving and investing the $50 bucks after a while you don't miss it, you adjust your lifestyle, it becomes just another payment.

And what if you need new brakes or tires, or the baby has moved up in size?

While I certainly agree that one should save as much as one can (and I do have a 401K, though it has performed miserably lately), it is not as easy as you state for everyone to save.

SD

51,801 posted on 05/06/2003 11:08:39 AM PDT by SoothingDave
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To: SoothingDave
it is not as easy as you state for everyone to save

Its not easy, and its long term, not whats going on now in the market, it can be done, did ya read the article?

BigMack

51,802 posted on 05/06/2003 11:14:48 AM PDT by PayNoAttentionManBehindCurtain
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To: SoothingDave
Get the book Dave, it won't hurt to read it. :)

I gotta go, looking for a business to start with my daughter, and am taking advise from the book:

***What would be the ideal occupations for our sons and daughters? There are about 3.5 millionaire households like ours. Our numbers are growing much faster than the general population. Our kids should consider providing affluent people with some valuable service.***

We are gonna relieve them of some of their millions. :)

BigMack

51,804 posted on 05/06/2003 11:22:03 AM PDT by PayNoAttentionManBehindCurtain
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