Thursday, December 20, 2007

Thinking makes wealthy

Proper thinking, continuous dreaming and working for goal with a plan makes you millionaire. As you have learned the most important factor to becoming a millionaire is to save early and rely on compounding interest. You can easily have control over how much you save, but you can't do much about performance - performance isn't reliable. You could try to make 15% a year, but may end up losing 10% a year doing so. It is better to rely on a properly diversified mutual fund portfolio earning around 10-13% a year, then to gamble and never retire .You may be surprised at how relatively simple it is to become a millionaire. Here's how hundreds of thousands of others have done it: Be cautious about spending money. Before spending money on large purchases, ask yourself:


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