How to Become Rich Huntington NY

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.

Fishkill Satellite
(845) 897-3945
2350 Broadhollow Road
Farmingdale, NY
 
LI Business and Tech Center Satellite
(631) 859-8929
3500 Sunrise Highway
Great River, NY
 
New York Institute of Hypnosis
(631) 501-1406
95A East Main Street
Huntington, NY
 
The Life Solution Center of Darien
(203) 733-9203
36 Old Kings Highway South
Darien, CT
 
Small Business Resources
(203) 618-9839
37 Davenport Ave
Stamford, CT
 
SUNY at Farmingdale SBDC
(631) 420-2765
2350 Broadhollow Road
Farmingdale, NY
 
Hempstead Outreach
(516) 564-8672
3500 Sunrise Highway
Great River, NY
 
Connecticut Small Business Development Center
(203) 323-1883
1 Landmark Sq
Stamford, CT
 
Small Business Administration Disaster Office
(516) 489-5000
350 Front St
Huntington, NY
 
D Gordon Consulting & Coaching LTD
(203) 847-1580
46 Purdy Rd E
Norwalk, CT
 

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