2006-08-01 18:05:23 · 7 answers · asked by Matt 1 in Business & Finance ➔ Investing
yes you can, by save early and consistent. cut down spending. control the rush of new stuff.
I know social security won't do it. As soon as I got the job, i contribute to my 401k right away.
My experience, at the age of 33, my 401k amassed about 61K and Roth IRa 11k, with 30,000.00 in taxable account. I keep doing it until waking up one day I have a choice to stay home
Learn how to invest the right way.You can
2006-08-01 21:46:46 · answer #1 · answered by Hoa N 6 · 0⤊ 0⤋
Save as much as possible and invest it in Income Trusts that with 10-20% dividend yields, most of which pay out evenly set amounts each month.
2006-08-03 02:07:58 · answer #2 · answered by ulchka 3 · 0⤊ 0⤋
Why retire? Got plans? Will you stay active? or, will you become another Joe sixpack glued to sporting events on the tube?
Seriously, if you plan now, you may be lucky to enjoy a healthy retirement.
How soon that would be depends on how good you plan now.
Good luck!
2006-08-02 02:44:05 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Invest in improving your skills so that you can increase your income. Keep your current standard of living when you start making more.
2006-08-04 00:19:46 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Curtail your expences. Avoid wasteful and fancy expenditure.
2006-08-02 01:13:08 · answer #5 · answered by Anonymous · 0⤊ 0⤋
spend only for the necessities and save the rest.
2006-08-02 02:05:23 · answer #6 · answered by cmac 3 · 0⤊ 0⤋
One word:
SAVE.
2006-08-02 01:15:20 · answer #7 · answered by Kevin R 2 · 0⤊ 0⤋