Fact: your wealth is determined by just 20% of your take-home pay.
You can earn a million dollars a year and be broke.
I know that’s hard to believe, but it’s true. If you make $1,000,000 before taxes, bring home $600,000, and owe $2,000,000, you are essentially bankrupt.
For many of us, getting that seed money to make your first investment can be a challenge. That’s why it’s imperative this year that you take 20 percent – just 20 percent -of your tax return and invest it.
What if you took $200 and bought any of the following stocks 10 years ago? Here’s what that investment would be worth today:
Apple (NASDAQ: AAPL): $2,112
Amazon (NASDAQ: AMZN): $4,977
Netflix (NASDAQ: NFLX): $13,400
Now, is there a possibility that you could have chosen a stock that lost money?
However…the focus here is on what could go right as opposed to what could go wrong!
Click the image of the book at left to be taken to its Amazon page. (Disclosure: As a participant in the Amazon Services LLC Associates Program, I earn a small commission on each sale generated through these links.)