Comments on: At What Age Do You Want To Become A Millionnaire? Part 2 http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/ This is where your finance takes place Mon, 01 Dec 2008 20:18:06 +0000 http://wordpress.org/?v=abc By: Carnival of Money Stories #63 - Gather Round the Campfire! | Bible Money Matters http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2629 Carnival of Money Stories #63 - Gather Round the Campfire! | Bible Money Matters Sat, 28 Jun 2008 14:37:35 +0000 http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2629 [...] Financial Blogger presents At What Age Do You Want To Become A Millionnaire? Part 2 posted at The Financial [...] [...] Financial Blogger presents At What Age Do You Want To Become A Millionnaire? Part 2 posted at The Financial [...]

]]> By: MillionDollarJourney http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2511 MillionDollarJourney Sat, 31 May 2008 14:33:16 +0000 http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2511 Hey Nob, yea, I agree, it's a pretty aggressive assumption. I made the assumption based on the fact that I expect our income to grow which will increase our savings over the next several years. Also, the assumption is only for the next 7 years which I "think/hope" will be achievable. Cash Canuck, I have no idea where interest rates will be in the next 7 years. However, economists predict (famous last words?) that rates will remain on the lower side (<8%) for the foreseeable future because of demographic trends. Hey Nob, yea, I agree, it’s a pretty aggressive assumption. I made the assumption based on the fact that I expect our income to grow which will increase our savings over the next several years. Also, the assumption is only for the next 7 years which I “think/hope” will be achievable.

Cash Canuck, I have no idea where interest rates will be in the next 7 years. However, economists predict (famous last words?) that rates will remain on the lower side (<8%) for the foreseeable future because of demographic trends.

]]> By: Cash Canuck http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2507 Cash Canuck Fri, 30 May 2008 21:13:12 +0000 http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2507 Wow. You've definitely got a plan. Good Luck! -"HELOC will be around $220k in 7 years" Have you built in any assumptions about the interest rate on your HELOC? Wow. You’ve definitely got a plan. Good Luck!

-”HELOC will be around $220k in 7 years”

Have you built in any assumptions about the interest rate on your HELOC?

]]> By: nobleea http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2504 nobleea Fri, 30 May 2008 14:53:58 +0000 http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2504 FT; You mentioned "Cash Savings will grow @ 20%/yr after inflation" while that might be realistic now when the balance is lower, can you imagine how much you have to contribute to keep a 20% after inflation growth in 6 years? or 10 years? 20% growth on your current savings would be around 7800$ a year now. But in 6 years, to maintain your 20% growth after inflation, you'd have to save over $24,000 a year, just to savings. Is that realistic? FT;
You mentioned “Cash Savings will grow @ 20%/yr after inflation” while that might be realistic now when the balance is lower, can you imagine how much you have to contribute to keep a 20% after inflation growth in 6 years? or 10 years? 20% growth on your current savings would be around 7800$ a year now. But in 6 years, to maintain your 20% growth after inflation, you’d have to save over $24,000 a year, just to savings. Is that realistic?

]]> By: Another Giveaway, Cheap Books and Weekend Reading - May 30, 2008 | Million Dollar Journey http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2502 Another Giveaway, Cheap Books and Weekend Reading - May 30, 2008 | Million Dollar Journey Fri, 30 May 2008 09:30:55 +0000 http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2502 [...] We had the opportunity to guest post on The Financial Blogger about one of my favorite topics, net worth! The guest post was about when I expect to become a millionaire. [...] [...] We had the opportunity to guest post on The Financial Blogger about one of my favorite topics, net worth! The guest post was about when I expect to become a millionaire. [...]

]]> By: David Carter http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2497 David Carter Tue, 27 May 2008 01:55:00 +0000 http://www.thefinancialblogger.com/at-what-age-do-you-want-to-become-a-millionnaire-part-2/#comment-2497 Hmmm. At What Age Do You Want To Become A Millionnaire? I wanted to be a millionaire yesterday! The goal I am shooting for is 33. Good luck with your goal though, I hope you make it. Remember to keep us posted on your progress. I read your blog too ! Hmmm. At What Age Do You Want To Become A Millionnaire? I wanted to be a millionaire yesterday! The goal I am shooting for is 33. Good luck with your goal though, I hope you make it. Remember to keep us posted on your progress. I read your blog too !

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