Tuesday, May 29, 2007

What You Can Do Today To Be Rich in the Future

I was looking in the archives of one of my favorite blogs, The Simple Dollar, and I came across a great post detailing 18 tips that can save the average person over $4,000 a year! A great deal of these suggestions are new to me so I thought I would share the link.

To take this post one step furthur, I calcuated the benefits of living by these tips and depositing the average savings into a Roth IRA retirement account and assumed a 10% return on the account. The results are outstanding:

You would have almost $2,607,000 in your account when you retire at 65. This value is created simply by depositing the money you saved through the years.

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