Save $1,000,000 for Your Retirement

I know it's a huge figure but think of it this way, when you retire, you will be able to do whatever you want. Below is the article by Jonathan Clements from The Wall Street Journal Online.


How to Save $1 Million for Retirement.


It all seems very simple right? Putting away a sum every month until the interest earned equals to the amount being put in and still continue putting the same amount according to your salary until you retire. While I do believe that all this is good, you should actually draw up a monthly budget, plan where your money is going, set aside a sum for emergencies, a sum that goes into the bank an so on and so forth. It may seem to be a hassle recording all these details down, you will be amazed to see where your money is actually going. I know I was.

Maybe set a goal to motivate you, if you stick to your budget maybe after say, 6 months treat yourself to a little something like a new modification to your car (that won't blow the budget of course) or that little ipod you have been eyeing or if you budgeted really well, go for a holiday at the end of the year providing you have set aside some for the bank and some for the holiday and not used up everything you have for the holiday (that would defeat the purpose of planning to get $1 mil by the time you retire). Alternatively, you could invest and move on from there. Anyway you do it up to you but make sure you don't do anything rash. Keep in mind that this are just rough guidelines, modify them yourself or seek professional help if you want or even stick to them.

But remember this, start early, the earlier you start the better. Even if its just part of your monthly allowance make sure you put aside a little for savings. It will make life much easier in the future.

Remember the choice is yours.

Joke Of The Day

Now this really cracked me up.

Now you know how the new BMW's can go really fast right? The pure pleasure and handling experience and all that.

OK, so there was this guy went and bought a new BMW and decided to take it out for a spin (yes yes boys and their toys). So he decides to take it up as high as it will go just to 'test it out'. Then suddenly, he saw blue lights flashing in his rear view mirror. He thought to himself that no way a government car can catch my new BMW and stepped on the accelerator and sped off. Well, in some situations it may be true that you feel like you can outrun a cop car when if you are feeling cocky. Sure, outrun him now and get a friendly knock on your doorstep the next morning.

Anyway back to the story, the driver came to his senses and slowed down. When the traffic cop approached his car, he took out his drivers license and handed it to the cop without a word.

'It's been a long day, it is the end of my shift, and it's Friday the 13th. I don't feel like more paperwork, so if you can give me an excuse for your driving that I haven't heard before, you can go.' said the officer. By now I am sure that you are thinking of all sorts of excuses in your chair while reading this that a cop might not have heard. They have heard a lot of weird and lame excuses so thinking of going ' My wife is about to give birth or there's a fire at my house ain't gonna help and all that nonsense will just piss them off make them shake their head while writing you the ticket. So, here's the conclusion of the story.

The man thinks for a second and says, 'Last week my wife ran off with a policeman. I was afraid you were trying to give her back.'

'Have a nice weekend,' said the officer.

This made my day. I hope it did yours too. Oh and I edited it slightly and added my opinion from the original which can be found at New BMW if you want to original and don't want to see my comments.

Finger Length

According to the Daily Mail in the UK (follow the link below)

Length of fingers ' show how a pupil will do at maths or English'

it seems that if your index finger is longer than your ring finger, you will more likely excel at literacy and if your ring finger is longer than your index finger, you will more likely excel at numeracy. If this is true, then how come the people in accounting class (those that I have asked) have longer index fingers and they are doing very much better than I am.

So here's what you do now. Measure your fingers and your friends (if they allow it) and let me know if this research is true or not.