How to Become Rich Jamaica 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.

SBDC at York College
(718) 262-2880
Room 107 94-50 159th Street
Jamaica, NY
 
Lowville Satellite
(315) 782-9262
30-20 Thomson Avenue, Suite B
Long Island City, NY
 
Brooklyn
(718) 797-0187
25 Chapel Street, 11th Floor
Brooklyn, NY
 
Abyssinian Development Corporation Outreach
(212) 368-4471
4 West 125th Street
New York, NY
 
SBDC at Bergen County
(201) 489-8670
355 Main Street
Hackensack, NJ
 
LaGuardia SBDC
(718) 482-5303
30-20 Thomson Avenue, Suite B
Long Island City, NY
 
Midtown Manhattan SBDC
(646) 312-4790
55 Lexington Ave., Rm 2-140
New York, NY
 
State University College at Buffalo SBDC
(716) 878-4030
25 Chapel Street, 11th Floor
Brooklyn, NY
 
SBDC at New Jersey City University
(201) 200-2156
285 Westside Ave., Suites 189-191
Jersey City, NJ
 
Fishkill Satellite
(845) 897-3945
2350 Broadhollow Road
Farmingdale, NY
 

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