Retire with $1,000,000
This strategy is a simple and effective method to retire with 1 million dollars on an average wage. The key is consistency.
Implementation and cost
If you are young and can manage to put $200 into a savings account every week earning interest compounded monthly (average 4% interest over your working life 40 years), you will retire with over 1 million dollars on top of your Super.
Find out how much you can retire with using a compound interest calculator.
Similar posts you may like
- Taxation and Federation (1901)
At Federation in 1901, the Australian Constitution granted the Commonwealth a monopoly of customs duties and excises and the power to levy other taxes Read more
- Operate Your Business from Home
Operating your business from home is an option if you spend most of your time working at client premises, deal with clients predominantly over Read more
- What are the advantages of a testamentary trust
A testamentary trust (sometimes referred to as a will trust or trust under the will) is a trust which arises upon the death of Read more
- Tax Planning Sin 1: Failing to Offer Tax Planning Services to Every Client
Industry data shows that approximately 10% of practices are currently providing tax planning services to their clients. What is unknown is the actual Read more
"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2