Comments on: How do I make my teacher a rich millionaire by retirement? http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/ Investing Information For MultiMillionaires Mon, 05 Oct 2009 17:36:12 -0400 http://wordpress.org/?v=2.8.4 hourly 1 By: tolstoi1 http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/comment-page-1/#comment-459 tolstoi1 Thu, 29 Jan 2009 06:19:45 +0000 http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/#comment-459 Let's round off and make a few assumptions. 40 years x $50,000 is $2million After taxes, which currently average 40%, her lifetime income will be $1.2million. After she pays off the house she could have $500,000 equity. She's half way there. $150 per month savings times 480 months is $72,000.+*+480 Look up the historical records for QuagX (a mutual fund) and BRK-B (Warren Buffett's company). By compounding at 20% for 40 years, her investment could increase by a factor of 1,000. $72,000 becomes $72 million. =%281.2%29+**+40+&btnG=Search BUT she could have children, inflation could increase, historical stock trends might droop to 10%, ... Let’s round off and make a few assumptions.

40 years x $50,000 is $2million
After taxes, which currently average 40%, her lifetime income will be $1.2million.
After she pays off the house she could have $500,000 equity. She’s half way there.

$150 per month savings times 480 months is $72,000.+*+480

Look up the historical records for QuagX (a mutual fund) and BRK-B (Warren Buffett’s company).

By compounding at 20% for 40 years, her investment could increase by a factor of 1,000. $72,000 becomes $72 million.
=%281.2%29+**+40+&btnG=Search

BUT she could have children, inflation could increase, historical stock trends might droop to 10%, …

]]> By: anshinault http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/comment-page-1/#comment-458 anshinault Wed, 28 Jan 2009 06:22:45 +0000 http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/#comment-458 Try getting information from Sue Orman. She's probably got information about this floating out there. If she ignored the debts and found someone to sponge off of she could become a millionare quick, but I'm guessing she doesn't want to do it that way. :-) Try getting information from Sue Orman. She’s probably got information about this floating out there. If she ignored the debts and found someone to sponge off of she could become a millionare quick, but I’m guessing she doesn’t want to do it that way. :-)

]]> By: okoollikeu http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/comment-page-1/#comment-457 okoollikeu Sun, 25 Jan 2009 04:18:41 +0000 http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/#comment-457 If she can invest 200 a month for 30 years in a IRA, she will be a millionaire. If she can invest 200 a month for 30 years in a IRA, she will be a millionaire.

]]> By: Annie M http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/comment-page-1/#comment-456 Annie M Sat, 24 Jan 2009 06:34:15 +0000 http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/#comment-456 With those type of expenses, she may not have any money left over to invest. It is important to know if she has any money to invest to begin with. With those type of expenses, she may not have any money left over to invest. It is important to know if she has any money to invest to begin with.

]]> By: The AntiChrist http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/comment-page-1/#comment-455 The AntiChrist Wed, 21 Jan 2009 12:39:15 +0000 http://multimillionairemagazine.com/index.php/how-do-i-make-my-teacher-a-rich-millionaire-by-retirement/#comment-455 If you're "excelling in the class", you should be able to figure it out. If you’re “excelling in the class”, you should be able to figure it out.

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