Quote:
Originally Posted by Nelson  Frankly, I think you should just sock away $100/month into a retirement account with compounding interest of around 10-12% until you change your beliefs about who you are and what it takes to make money. If you do that you will end up a millionaire within 20 years. |
Er, $1200/year x 20 years x 12% is only about $100K. That still isn't bad, but it's not a million. $1M is 40 years at the same rate. Good thought, though, and the power of compound interest is something everyone should know about.
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