From Dr. Steve Sjuggerud, Editor, True Wealth Systems:
If I could boil down everything I believe into one simple message… what would that message be?
I needed to come up with an answer to this…
Last week, I spoke with group of twentysomethings. These folks were right out of school for the most part.
They weren’t investing experts. I needed to get my message across – as simply and as clearly as possible.
“Let’s say you have $1 million,” I told them. “Now that you’ve made your million bucks, you want to retire. What are you going to do with your money so you don’t run out?”
The obvious answer would be to live off the interest… right?
If you could live off 5% interest per year, then you’d have $50,000 a year for the rest of your life, and you’d never cut into your $1 million. “So far, so…