Comments on: Retire Young and Wealthy – Is it Possible?

By: GC

GC — Sat, 20 Dec 2008 17:24:14 +0000

I have to admit the 401k is getting more challenging now as more
employers are at least temporarily putting a halt to company
matching; however, I am always looking at ways to save a little
here and there especially in the stores. Big things usually start
small and a few cents here and there can grow when saved over time.

By: Ryan

Ryan — Fri, 19 Dec 2008 22:34:00 +0000

Hey Darren,

Yeah, good luck making 10% short term. But if you look at your 401k 10, 20 years from now you’ll have great years, bad years, and flat years. It will average out to 10% over time.

By: darren

darren — Fri, 19 Dec 2008 20:05:15 +0000

Here’s my problem with all of this. I’m having no problem saving,
that’s the easy part. We’ve shifted our budget around and are
putting between 1-2k away every month. My problem is where the heck
do you make 10% on that money anymore? Everyone talks about it
dismissively and makes it sounds easy, but really, show me where!
My stocks are down, my 401k is down, CD rates are in the tank…

By: Susie Orman

Susie Orman — Fri, 19 Dec 2008 19:12:47 +0000

Once debt is eliminated, your money needs to be reinvested in order
to grow. This doesn’t necessarily mean investing in stocks – though
it may be hard to believe that historically this is a good bet.