Monday, August 22, 2016

How to Make a Million Dollars While Eating Lunch

In response to my last post, Would You Ditch A Car For $1,000,000?, a reader made the comment: “As a grad student in an urban area, I don’t have a car (nor could I afford one) and I use public transit. … I wish there was a “big ticket” item like that that I could easily cut out of my life, but there just isn’t. Instead I try to cut back on small things and aggressively invest for cashflow.”
While savings do accumulate faster when you cut back on the biggest budget-buster categories (housing, transportation, insurance and taxes), the little things do add up. Take for instance:
My Million Dollar Lunch Recipe
  1. Replace your $9.50 restaurant lunches (sandwich, fries, soft drink, sales tax, tip and mileage) with a nutritious $3.00 lunch brought from home.
  2. Deposit your $143 monthly savings ($6.50 daily, 22 working days a month) into a Roth IRA retirement account.
  3. Invest in equities (stocks, mutual funds) at a 10%* annual long-term average rate of return.
  4. Let your account simmer for 41 years.
Recipe Yield = $1,000,837
Serve: During retirement with whipped cream and a cherry on top.
Ingredients:
Total deposits = $70,356
Total interest earned = $930,481
Total taxes paid = $0
Total Saved= $1,000,837
Optional Garnishes:
  • Combine with a 20 minute walk to the park for lunch.
    Yield: 1,277,232 calories— enough to keep off (or lose) 365 pounds! (Calculated for a person weighing 140 pounds walking 4mph for 20 minutes (1.33 miles) 5 days a week for 41 years.)
  • Pack a lunch for your spouse.
    Yield: An additional $1,000,837
  • Add a group of supportive friends for lunch to work on the Baby Steps to Financial Freedom together. Yield: Financial freedom – with friends who will have the resources to enjoy it with you!
Isn’t it amazing how much money you can amass by investing small amounts over long periods of time?
Once you think in terms of investing instead of spending, look for ways to duplicate this process in other ways. Consider the following actions:
  • buy staples in bulk and invest your savings
  • invest your employee bonuses
  • invest unexpected financial gifts and inheritances
  • invest your tax refunds
  • buy a term life insurance policy instead of a whole life one and invest your monthly premium savings
  • buy a used car instead of new and invest the difference in price
  • borrow books, movies and music from your local public library and invest your savings
  • save and invest your pocket change
Imagine this: Starting with $0 and depositing $5,000 annually in a Roth IRA account over 41 years (at a 10%* annual rate of return compounded monthly), you will have $3,081,554.
Ingredients:
Total deposits = $210,000
Total interest earned = $2,871,554
Total taxes paid = $0
Total Saved= $3,081,554
Choose affordable and cost-effective options and rather than feel deprived, feel excited that you get to invest the difference in yourself and your future.
~ Bon Appetit!
ooOOOoo
*The actual rate of return is largely dependent on the type of investments you select. From January 1970 to December 2008, the average annual compounded rate of return for the S&P 500, including reinvestment of dividends, was approximately 9.7% (source: www.standardandpoors.com).
Total savings are calculated in actual dollars (not inflation-adjusted). A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually, from 1925 through 2008.

Why I’m Waiting Until After 2012 To Buy A Home



The real estate and mortgage industries are trying hard to convince us that NOW is a good time to buy a home. They use low mortgage interest rates and the soon to expire First-time Homebuyer Tax Credit program (which I qualify for since I’ve purposely been a renter for the last 6 years) as their rationale.
Don’t expect unbiased advice from salespeople! What most won’t fess up to is that if I (or you) buy a home now, we’ll likely be throwing our precious money away because home prices are still under great pressure. I’ll wait until the knife stops falling, thank you very much.
We are done with subprime resets but… pay attention… there is a second wave of mortgage resets to endure. What is a mortgage reset? It’s when the homeowner, who bought a house with a low “teaser rate” and planned to refinance when the house price went up, gets a new payment that is far higher (not always, but usually). Many homeowners can’t afford these resets, especially with unemployment and underemployment rates at these levels. Lenders are cautious and tightening their underwriting guidelines so refinancing may not even be possible for many borrowers.
The first wave of resets was subprime. The subprime wave is over. Whew! That hurt! But Alt-A and Option ARM resets aren’t over and combined, they represent a much larger category of mortgages than subprime. Most of these mortgages are alreadyunderwater: the home has negative equity; the home is worth less than the mortgage owed. The combination of resets plus the underwater status will likely add fuel to defaults and foreclosures, putting yet more downward pressure on home prices.
Some argue that the problem with adjustable rate mortgages resetting to higher payments isn’t as important now because many of those loans defaulted early. Even so, we still face the major problem of shadow inventory: distressed mortgages facing foreclosure and bank-repossessed properties that have not yet reached the market. At the current rate of sales, it could take almost 9 YEARS to sell off all the foreclosed homes in banks’ possession, plus all the homes likely to end up there over the next couple years (according to LPS Applied Analytics).
Another knife that has the potential of slashing home prices further is the increasing prevalence of walkaways (strategic defaults): the decision by the borrower to stop making payments on a mortgage despite having the financial ability to make the payments. Walkaways happen after a substantial drop in the house’s price. The borrower is underwater so she decides to free herself from the burden of mortgage debt. Once free of the mortgage, she is free to use her income for other expenditures. The borrower, after deciding to not make payments any more, can live free of the costs of mortgage payments until the lender forecloses — which may take the lender from several months to years!
A study in September 2009 from the credit reporting agency Experian and consulting outfit Oliver Wyman estimated that close to a fifth of troubled mortgages in the U.S. involved borrowers who were strategically defaulting. While I haven’t looked for a more recent statistic, I can only guess that this number will climb as more homeowners get mad at Wall Street and as walkaways become less morally and ethically charged.
I’ve been told by countless Realtors that I should buy a home NOW because having been a renter for the past 6 years, I qualify for the First-Time Homebuyer’s Tax Credit. But what do you think will happen to house prices once the tax credit incentive expires? I’d say houses will not sell as well as they have lately (with the credit artificially propping the market up) which will increase the supply of homes on the market… and push down on prices.
I’ve also been told by Realtors that I should buy a home NOW because mortgage interest rates are so low. But I don’t worry about rates because I have the cash to purchase our next home outright if the interest rates move up. Even if I did need a loan it wouldn’t change my mind because as Patrick Killelea astutely points out,
It is far better to pay a low price with a high interest rate than a high price with a low interest rate, even if the mortgage payment is the same either way.
  • Your property taxes will be lower with a low purchase price.
  • A low price gives you the ability to pay it all off instead of being a debt-slave for the rest of your life.
  • As interest rates fall from high to low, house prices increase.
  • Paying a high price now may trap you “under water”, meaning you’ll have a mortgage larger than the value of the house. Then you will not be able to refinance because there you’ll have no equity, and will not be able to sell without a loss. Even if you get a long-term fixed rate mortgage, when rates inevitably go up the value of your property will go down. Paying a low price minimizes your damage.
Additionally, if interest rates rise, the number of borrowers who can qualify for a higher mortgage payment will drop. Less qualified buyers in the market means… you got it… more downward pressure on home prices.
In summary, I see no rational or compelling reason to buy a home right now. 2012 or after? We’ll see!
Note: This post was featured in the most creative Carnival of Personal Finance I’ve ever read — check it out! The Origin of the Piggy Bank by Well-Heeled Blog
Don’t miss anything: Subscribe to receive free email or RSS notifications whenever I publish a new blog post. No spam, no risk, and it is easy to unsubscribe should you ever change your mind. Follow me on Twitter (@MillionMommyND) where I share interesting articles, opinions, quotes, tips and other bite-sized tidbits relevant to success, happiness and financial freedom.

Friday, July 15, 2016

The Story of Goldilocks and the Three Retirement Contributions

Goldilocks and the Three Bears
Once upon a time, Goldilocks went for a walk.  Pretty soon, she came upon her bank.  She asked the bank teller for her retirement account balance and when she was shown the number, she wept.
Goldilocks returned home to assess her budget and see where she could come up with some extra money to make regular IRA contributions. She thought about quitting her latte habit. $3 saved per day could grow to $177,706 in thirty years.
“This idea is too soft!” she exclaimed.
So she returned to her budget and considered cutting her housing and utility expenses in half by downsizing to a much smaller home. $1200 saved per month could compound into $2,389,653 in thirty years.
“This idea is too hard,” she said.
So she returned to her budget and took aim on her transportation costs. If she sold her car and used her city’s excellent public transportation system instead, she could save $780 per month. In thirty years, her retirement fund could blossom into $1,553,275.
“Ahhh, this idea is just right,” she said happily. Goldilocks sold her car, walked back to her bank, and made a contribution to her retirement account.
Thirty years later, Goldilocks retired, and lived happily ever after.
THE END
For illustration purposes, results were calculated at 10.00% ROI compounded annually. The actual rate of return is largely dependent on the type of investments you choose. Over the most recent 30 year span, from January 1, 1980 to December 31, 2009, the compound annual growth rate (annualized return) for the S&P 500, including reinvestment of dividends, was 11.29% (source). Total savings are calculated in actual dollars (not inflation-adjusted). A common measure of inflation in the U.S. is the Consumer Price Index (CPI), which has a long-term average of 3.1% annually (from 1925 through 2008).
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The Investment Risk-Return Correlation

Q: Pam asks, “After my portfolio value dropped by 40%, I panicked and pulled out of the stock market. I have $150,000 sitting in my savings account, earning squat. I know I should put it back to work, but with the state of our economy, I don’t know what to do with it. Any thoughts?”
A: If you’re terrified of the volatile economic climate today and would be an insomniac if you were invested in the market, perhaps it’s best to keep it parked until you are emotionally and behaviorally ready to stomach the ride and stick to a strategy. Preserve your capital while you take some time to reassess your goals and risk tolerance, determine an appropriate (perhaps more conservative) asset allocation, and explore various investment strategies to find a good fit for your goals and personality.
First, let’s address the risk-return correlation. In subsequent posts, I’ll tackle the other pieces.
Generally speaking, the goal of an investor is to be compensated for the amount of risk they take. Better yet, the investor seeks out the best risk-adjusted return — I’ll discuss this piece later.
If you are willing to accept high volatility (investment risk) for a high potential return, consider investing in a diversified portfolio of:
    • aggressive growth funds
    • small cap stocks and funds
    • micro-cap stocks and funds
    • foreign company stocks
    • international funds
    • sector funds
    • precious metal funds
    • emerging market funds
If you are willing to accept moderate volatility (investment risk) for amoderate potential return, consider investing in a diversified portfolio of:
    • large cap stocks and funds
    • S&P 500 and Wilshire 5000 index funds
    • convertible bonds
    • high-yield (junk) bond funds
If you are willing to accept low volatility (investment risk) for a low potential return, consider investing in a diversified portfolio of:
    • high quality short and intermediate term municipal and corporate bonds and bond funds
    • US savings bonds
    • Treasury bills and notes
    • fixed annuities
    • money market mutual funds
If you are willing to accept very low volatility (investment risk) for avery low potential return, consider investing in a diversified portfolio of:
    • CD’s (Certificates of Deposit)
    • money market deposit accounts
    • interest-earning checking accounts
    • savings accounts
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Wednesday, July 6, 2016

The Investment Risk-Return Correlation

Q: Pam asks, “After my portfolio value dropped by 40%, I panicked and pulled out of the stock market. I have $150,000 sitting in my savings account, earning squat. I know I should put it back to work, but with the state of our economy, I don’t know what to do with it. Any thoughts?”
A: If you’re terrified of the volatile economic climate today and would be an insomniac if you were invested in the market, perhaps it’s best to keep it parked until you are emotionally and behaviorally ready to stomach the ride and stick to a strategy. Preserve your capital while you take some time to reassess your goals and risk tolerance, determine an appropriate (perhaps more conservative) asset allocation, and explore various investment strategies to find a good fit for your goals and personality.
First, let’s address the risk-return correlation. In subsequent posts, I’ll tackle the other pieces.
Generally speaking, the goal of an investor is to be compensated for the amount of risk they take. Better yet, the investor seeks out the best risk-adjusted return — I’ll discuss this piece later.
If you are willing to accept high volatility (investment risk) for a high potential return, consider investing in a diversified portfolio of:
    • aggressive growth funds
    • small cap stocks and funds
    • micro-cap stocks and funds
    • foreign company stocks
    • international funds
    • sector funds
    • precious metal funds
    • emerging market funds
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www.77dewa.net

If you are willing to accept moderate volatility (investment risk) for amoderate potential return, consider investing in a diversified portfolio of:
    • large cap stocks and funds
    • S&P 500 and Wilshire 5000 index funds
    • convertible bonds
    • high-yield (junk) bond funds
If you are willing to accept low volatility (investment risk) for a low potential return, consider investing in a diversified portfolio of:
    • high quality short and intermediate term municipal and corporate bonds and bond funds
    • US savings bonds
    • Treasury bills and notes
    • fixed annuities
    • money market mutual funds
If you are willing to accept very low volatility (investment risk) for avery low potential return, consider investing in a diversified portfolio of:
    • CD’s (Certificates of Deposit)
    • money market deposit accounts
    • interest-earning checking accounts
    • savings accounts

Judi domino android

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Permainan poker online terbaik ini sangat populer dan banyak diunduh di Indonesia karena anda bisa bermain bersama teman-teman di facebook. Walaupun begitu, ada pilihan juga untuk modus offline apabila anda sedang ingin mencoba melawan situs server / komputer secara tidak online. Maka, 77dewa memberikan link download gratis ini bagi anda yang ingin mengasah ketajaman pikiran dalam memainkan kartu dan merasakan situasi betting yang nyata lewat android.
Bagaimana cara main poker online di android? Situs developer Domino Qiu Qiu atau yang juga dikenal sebagai poker Domino 99 ini menyediakan berbagai menu yang menarik bagi maniak gamer di Indonesia, silahkan anda coba:
  • Download permainan bet online Poker 77dewa pada link berikut
    Download Game Online Gratis
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Judi domino android ini niscaya akan memberikan hiburan bagi anda yang menyukai permainan menatang yang selain seru dan menyenangkan tentunya kita juga bisa mendapatkan uang darinya. silahkan mencoba http://www.77dewa.net . 

Sunday, June 19, 2016

99dewa.com Agen Judi Poker, Domino dan Ceme Online Indonesia Terpercaya

99dewa.com Agen Judi Poker, Domino dan Ceme Online Indonesia Terpercaya, situs atau agen judi online anda bisa langsung daftar gratis tanpa di punggut biaya, untuk pendaftaran di situs agen poker 99dewa, akan tetapi, bila anda ingin bermain poker atau domino online anda harus deposit terlebih dahulu, anda tidak perlu keluar duit banyak untuk bisa menikmati permainan poker maupun domino online di 99dewa hanya dengan minimal deposit yang nominalnya tidak mencapai ratusan bahkan jutaan rupiah,anda sudah bisa memainkan permainan seperti judi poker maupun dominol online di 99dewa
18dewa Agen Judi Poker , Domino dan Ceme Online Indonesia Terpercaya

99dewa dan berikut Cara Bermain Poker The Blinds Dalam permainan Hold'em, player yang mendapatkan button atau tanda "D" biasa disebut "the Dealer Button". Sebelum kartu dibagikan, player pertama yang duduk searah jarum jam disamping playe,r yang mendapatkan button D secara otomatis, akan meletakkan chips diatas meja sejumlah "Small Blind", selanjutnya player disamping Small Blind, ini yang searah jarum jam secara otomatis akan meletakkan chips sejumlah "Big Blind" , dimana jumlah "Big Blind" ini adalah 2x lebih besar dari jumlah "Small Blind". Sebelum player menentukan pilihan meja untuk bermain, player dapat menentukan jumlah ketentuan limit "Small Blind" dan "Big Blind", yang mereka inginkan, ini dapat dilihat dari angka misalnya 300/600, 500/1000, 1000/2000 atau yang lainnya. Setelah semua proses diatas selesai, kini dealer akan membagikan 2 hole cards, ke masing-masing pemain. Selanjutnya proses betting, akan dimulai searah dengan jarum jam, dimulai dari pemain yang duduk disamping "Big Blind".Pre-FlopSetelah semua pemain masing-masing telah mendapatkan 2 kartu, kini setiap pemain mendapatkan opsi untuk memainkan kartu mereka dengan pilihan "call", "raise", atau "fold".The Flop Setelah sesi Pre-Flop selesai, kini dealer akan membagikan 3 kartu diatas meja dengan posisi terbuka, ini disebut dengan The Flop. Pada putaran ini, opsi pilihan betting selanjutnya jatuh ke pemain yang duduk disamping "dealer button" searah jarum jam. Opsi yang bias dipilih adalah sama seperti opsi pada Pre-Flop, namun ada satu tambahan opsi Check, jika pemain tidak ingin melakukan betting dan selanjutnya akan berlanjut ke pemain berikutnya.The Turn Ketika sesi betting pada The Flop telah selesai, dealer akan membagikan kartu keempat diatas meja, sesi ini disebut dengan The Turn. Putaran taruhan berlanjut sama seperti sesi The Flop The River Ketika sesi taruhan pada sesi The Turn selesai, maka selanjutnya dealer akan membagikan kartu terkahir, yaitu kartu kelima diatas meja, sesi ini disebut dengan sesi terakhir atau The River.

99dewa, Opsi pilihan betting sama seperti yang disebutkan diatas.The Showdown Jika terdapat lebih dari satu pemain yang tersisa pada sesi The River, maka pemain terakhir yang melakukan pemasangan taruhan adalah, pemain yang akan membuka kartu duluan, kecuali tidak ada yang melakukan pemasangan taruhan maka player yang berada disamping "dealer button" lah yang pertama akan membuka kartu.

99dewa Pemenang ditentukan berdasarkan pemegang kombinasi kartu terbaik 99dewa Agen Judi Poker Domino Online Indonesia Terpercaya

    1. Check - Jika player sebelumnya tidak ada melakukan pemasangan taruhan, maka pemain selanjutnya dapat melakukan opsi pilihan Check, jika semua pemain melakukan Check maka sesi putaran taruhan tersebut dianggap selesai dan sesi baru putaran selanjutnya dimulai.
    2. Bet - Jika tidak ada taruhan yang dilakukan sebelumnya maka pemain dapat memilih opsi pilihan Bet. Jika pemain melakukan Bet, maka pemain selanjutnya dapat memilih opsi antara Fold, Call atau Raise.
    3. Fold - Opsi pilihan Fold adalah pilihan yang dilakukan oleh seorang pemain jika pemain tersebut menyerah. Pemain tersebut tidak dapat melakukan pemasangan taruhan lagi dan dianggap gugur.
    4. Call - Jika terdapat pemasangan taruhan pada pemain sebelumnya, pemain selanjutnya dapat mengikuti besaran nilai taruhan tersebut dengan memilih pilihan Call.
    5. Raise - Jika terdapat pemasangan taruhan pada pemain sebelumnya, pemain berikutnya dapat melakukan penambahan dari nilai taruhan sebelumnya dengan melakukan pilihan Raise, atau jika pemain tersebut ingin menghabiskan semua chips yang dimilikinya diatas meja maka pemain tersebut dapat melakukan pilihan All-In

99dewa Agen Judi Poker, Domino dan Ceme Online Indonesia Terpercaya - website yang juga akan memberikan layanan permainan Domino online teraman dan terpercaya dan tentunya untuk anda yang berada di Indonesia, anda tidak perlu ragu bila bersama 99dewa agen ceme online ,karena segala sesuatu yang didukung dengan profesional permainan online disini akan benar benar terbukti nyata sehingga tidak akan ada tipu daya ataupun permainan robot sitem yang memberatkan member memperoleh kemenangan.

sebuah server lokal yang telah teraklereasi dengan teknologi terbaru dan terbaik layanan judi poker online yang memiliki tingkat keamanan yang akurat dan kecepatan yang terdeteksi sehingga akan benar benar menciptakan suatu keadaan permainan di judi online yang setabil dan penuh warna,dengan didukung pula oleh bank-bank lokal Indonesia.

Wednesday, June 15, 2016

From Minimum Wage…

Money was a constant source of tension and stress when I was growing up. My parents were intelligent, well-educated and hard-working, yet they lived paycheck to paycheck. When I was 13, they divorced, then my mom struggled to raise three kids, often relying on free lunch tickets and food stamps. As my mother approach retirement age, she was riddled with anxiety over the fact that she hadn’t saved for her golden years. My father had always been (and continues to be, even in his 70’s) a workaholic — my siblings, his grandkids and I have always wished he’d figured out a way to work less and spend more time with us instead.
I started my adult life working a series of dead end jobs, earning minimum wage.
As a young adult, I dropped out of college and spent the next couple of years drifting from one minimum wage job to another, paying more attention to the boys I was dating than to my financial future. I ended up broke and alone after my fiancĂ©e and I broke up. I learned that I couldn’t count on Prince Charming to sweep me off of my feet and take care of me.
My parents were struggling to make ends meet, so I couldn’t go home and become a burden on them. I abandoned my broken-down car, reduced my rent by sharing a one-bedroom apartment with three other women, and scarfed down free food during Happy Hour at our local bar (free appetizers with the purchase of a $2 draft). I learned to be resourceful and to do whatever it took to survive.
One night, while working the graveyard shift at a donut shop and pouring coffee for a homeless woman, I realized that I was one paycheck away from being homeless myself. That was my wake-up call. Motivated by fear of an uncertain future, I opened the Yellow Pages, called professional dog trainers and negotiated an unpaid apprenticeship. Less than a year later, I was hired by my mentor, and I loved the work. A couple years later, I started my own successful dog-training school. I learned the power of asking for what I want.
23 years ago, I got married. (No, that’s not how I became a millionaire… He was a construction worker, earning just $8 bucks an hour…) Anyway, by the time we had celebrated our second wedding anniversary, it was obvious that if our marriage was to survive, we needed to move away from his family. Quite frankly, my in-laws thought that I should “wear the skirt” and demonstrate subordination to their son, and since I was a “strong-minded” woman, they were not supportive of our relationship. I learned it was critical to reduce my exposure to toxic people. We packed our belongings and moved to Colorado.

…To Millionaire Mommy!

Money ranks as the first most argued topic for many couples. It has been estimated that an astounding 80% of divorces are the result of money disagreements. Having a child is considered the single best indicator of financial collapse.
I wanted a family, but I didn’t want to be one of those statistics.
My choice to form a family through adoption rather than pregnancy was a decision I made when I was an idealistic teenager. (The way I figured it, why “make my own” child when there are countless orphans dying for a family already?) Since I planned to adopt, my biological time clock wasn’t a ticking time bomb. When I was 30, I decided to achieve financial freedom before adopting our daughter because I didn’t want to repeat our parent’s experiences. Both my husband and I grew up with young, struggling, work-all-the-time parents and quite frankly, that often stunk. We didn’t want money issues to negatively impact our family.
Over the course of the next couple years, I made it my mission to learn about personal finance, investing, entrepreneurship and lifestyle design. With this newfound knowledge, I created a plan that would allow my husband and I to be free of our money worries.
And it worked! By age 40, we were 100% debt free and had over a million dollars in the bank!
Today, we are proud and happy stay-at-home parents to our amazing young daughter. Financially free, our family hasn’t set an alarm clock in years.Whether it be work, parenting or play, we wake with the sun, eager to spend each new day doing whatever we choose.
We consider ourselves “closet millionaires”. You’d have no clue that we’re millionaires by looking at our Stuff. Our family lives a typical middle-class lifestyle with one fantastic exception– we only work when we want to. Financial freedom affords us the gift of free time.
Contrary to popular belief, most millionaire households do not live the extravagant lifestyles that many assume. In fact, a millionaire or two may be living inconspicuously next door to you! The authors of the bestseller, The Millionaire Next Door: The Surprising Secrets of America’s Wealthy, found the top reason for why some people manage to accumulate wealth is that they live below their means. Many millionaires have found that living in a status neighborhood is not only a poor value, but it makes one feel the need to keep buying status objects to keep up with the Joneses.
Would it surprise you to learn that my husband and I rent instead of own our home, share a car, and don’t subscribe to cable TV?
Like most millionaires in their study, we live our lives and spend our money in ways that are in alignment with our values, interests and passionsWe tend to be do-ers, not have-ers: we don’t care much for “stuff” (a McMansion home, new clothes, iPads or jewelry), but we spend generously on recreational pursuits, organic foods and long trips to faraway places. We make efforts to be environmentally green. By reducing our consumption, we save money in the process.

Why I Created “The Millionaire Mommy Next Door”

Women need more money than men. Why? (No, not so we can buy more shoes, handbags and manicures.) We need more money because we live longer than men, make significantly less salary than our male peers, and are more likely to be single parents raising a family on one income. Women comprise 87% of the impoverished elderly. A woman who works full-time for 40 years will earn $523,000 less than her male counterpart. At age 65, that extra half a million dollars could keep her from becoming one of the elderly poor!
What do these grim statistics tell us? They tell us that women, especially as they become older, are not prepared to take care of themselves financially. Yet nearly 90% of all women will end up managing their finances alone at some point in their lives.
I want to share my story and lessons learned because I’m at a point in my life where I’d like to “pay it forward”. The financial industry is rarely focused on women – my intention is to offer a supportive community and a female perspective. And my blog isn’t just about sharing my story: I’ve pledged my blog’s profits (from paid advertisements placed in the sidebar) as no-interest microloans for small businesses operated by working, impoverished women in developing countries.
Want To Know Even MORE About My Journey???
I’ve written a five-part series that details my story and the important lessons I’ve learned along the way:
    1. How I Became a Millionaire (Part 1: Childhood)
    2. How I Became A Millionaire (Part 2: Early Adulthood)
    3. How I Became A Millionaire (Part 3: My Twenties)
    4. How I Became A Millionaire (Part 4: My Thirties)
    5. From Minimum Wage to Millionaire (Part 5: My Early 40′s)
Finally, here are the archived blog posts I’ve written that are tagged “about me”.