How Does Your Present Spending Impact Your Retirement?

By Michael Masterson | Thu, Oct 28, 2004 |

  

Archives: Retirement | Wealthy

If you’d like a quick reminder of the importance of saving, consider how the dollars you spend (or don’t spend) today can impact your retirement. Assuming a 20-year holding period and a 12% annual return, every $1,000 you spend today equates to roughly $10,000 less in your retirement fund.

If you have young children, consider that the $10,000 you might save by buying a quality used car instead of a new one could be worth over $60,000 only 16 years later. Depending on where your child goes to school, that just might get her through all four years.

Similar Articles:

Want More Success?


Sign up below for the free Early to Rise newsletter where you'll get more tips and strategies on how to achieve success in your life.


Comments

Leave a Reply

american dream success stories attachments avoiding mixed metaphors bamboo story brendan+florez brendan florez princeton building business business craig ballantyne financial independence monthly Daily Issues diet double your income elmer wheeler energy entertainment business Exercise financial independence monthly craig ballantyne goal setting guidance hollywood hollywood creative directory how to double your income insidious character internet business laura rodini lose weight make money marketing mark ford michael masterson my personal master plan example niche marketing paul lawrence Productivity product packaging promotion realestate safest stocks in the world showbusiness small business Srikumar Rao earlytorise start a business success the Internet money club Vocabulary Words website design
Join us on Facebook

Testimonials

  • Rich Schefren has really hit the nail on the head.

    “Just had to say that Rich Schefren has really hit the nail on the head about the media and so called ‘journalism’ in his article ‘How to Make More Money During a Recession.’

    “Absolutely brilliant and spot on. They have to fill so many newspaper/magazine pages and so much TV airtime that any ‘news’ item is completely overexposed and hyped up. (Swine flu is a good example.) It also seems that many journalists really don’t know much about the subjects they are writing about. Fortunately, the same cannot be said about Early to Rise.

    “Keep up the good work.”

    Karen Letherby

    Cheltenham, UK

Read more like this