Repeat after me...."I DO!"

Be a millionaire at age 65?   For SOME it’s easy.

So you want to be a millionaire.   To join the “double comma” club.  The seven-figure bank account. All by age 65.

Sounds great ‘eh? 

Now here is a secret.  You can buy membership into that club for a monthly fee.  

How does 300 bucks and some change a month sound?  Would that be a great deal to join the club?

Or would you rather pay $450 or so for membership?

Or $650?  ….all the way up to $6,000 a month to join that club?

Which would you choose?   $300?  Or $6,000 a month “dues”?

I suspect that we would all choose to join the club for $300 a month. 

But there is a catch to becoming a millioniare…

It’s about time.  It’s how long you put away that monthly money and let it do a lot of the work for you.  Depending on your age, it may be too late to join the...

We all know there is a risk to investing.  We never really know if the market is going up ...  or down.

Most of our lives, this isn't an immediate issue for most people.  They are in the market for the long term and "conventional" wisdom is that you shouldn't sell when the market is down, but rather wait until it comes back, which is invariable does.  

Note:  This post does not provide any specific information for individuals to use for investing.  That is your responsibility alone.  This is NOT investment advice.  This article is to highlight an element of investing that you should consider in your own investment plan.

Near Retirement?

Although it's often the plan to "ride out the storm" of a market downturn, there is a time when that can be difficult.  When you are relying on those investments to create your retirement cash flow.  You need monthly income, which you get from your investments, and now they are down. ...