How to Become Rich Madera CA

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.

UC Merced SBDC Regional Network
(559) 241-6590
550 East Shaw Avenue, Suite 100
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A-Z Business Services
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1 Seasons Ct
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Body Wise Consultant Rich Robert
(559) 438-7545
255 W Fallbrook Ave
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Small Business Development Center
(559) 438-9680
7035 N Fruit Ave
Fresno, CA
 
Better Business Bureau
(559) 222-8111
4201 W Shaw Ave
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CVBI-SBDC
(559) 292-9033
1630 E. Shaw Avenue, Suite 163
Fresno, CA
 
Olson Business Services
(559) 661-1852
515 W Yosemite Ave
Madera, CA
 
Valley Small Business Development Corp
(559) 438-9680
7035 N Fruit Ave
Fresno, CA
 
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970 W Alluvial Ave
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Fresno Business Services
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Fresno, CA
 

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