Are you Looking for a Million Dollars?
It seems as if a million dollars is the magic number. What would you do with a million dollars? It might seem like the answer to all of life’s problems. But the fact is, you don’t have to look far for a million dollars.
Let’s say that you average $36,000 a year in earnings. If you work for 30 years before retirement, you will make $1,080,000 in your lifetime. If you work 40 years, you will make $1,440,000.
According to the government, the average disposbale income in the US is around $24,000 a year. This is the income that is left after your taxes are paid. That is around 30% in taxes — and is probably accurate.
For simplicity, we won’t look at growth and investments. We will only look at the basics of the income earned.
You worked forty years. You made over almost a million and a half dollars. You will pay the government a half a million dollars in taxes. If you have had your million in your lifetime.
If you save what the average American does, you will have saved less than 3%. That is only $30,000 — if you ignore interest and investment returns. That is all you have left of $1,000,000.
To have $100,000 saved, you will have to save 10% of your income and work an extra 43 years.
At 25%, the savings jumps to a quarter of a million dollars saved in 43 years of work. If you factor in basic interest and some investment returns, that could easily grow into a million dollars in savings.
You may be saying that it is nice to play around with the numbers, but it just isn’t realistic. I realize that not everyone has 40 to 50 years to save up. Most people can barely afford to put 10% of their income into savings. But look and see what you can do.
You may not be able to save big, but that doesn’t mean that you can’t ever have a million dollars. If you set aside a set percentage of your income into a sturdy investment, you will begin to see your money grow for you. The amazing compounding of interest can make a huge difference in your life. And in your future retirement.
You can dream about having a million dollars, or you can make it happen. Start small and simple. Keep with it and it will pay off.
About the Author
Martin Lukac http://www.MartinLukac.com , represents http://www.RateEmpire.com , an Internet consumer banking marketplace. RateEmpire.com is a destination site of personal finance, investing, taxes and mortgage rates. RateEmpire.com provides mortgage guides and financial rates and information. RateEmpire.com also operates a financial portal #1 American Financial, found at http://www.1AmericanFinancial.com
Bullet Coin In Bottle with a Half Dollar
| | 90% SILVER – 2 OUNCE USA COINS LOT – HALF DOLLARS QUARTERS DIMES OUT OF CIRC MIX $67.95 |
| | 1894, United States Quarter Dollar, $26.00 |
| | (2) 1941 Walking Liberty Half Dollars, plus Washington Quarter $24.25 |
| | 1956 Silver Ben Franklin Half Dollar – BU $16.99 |
| | NICE ABOUT UNC. BICENTENNIAL QUARTER, HALF DOLLAR & DOLLAR $3.50 |
| | THIS IS A 90% SILVER WALKING LIBERTY HALF DOLLAR 1939 $11.00 |
| | THIS IS A 90% SILVER WALKING LIBERTY HALF DOLLAR DATED 1945 $11.00 |
| | THIS IS A 90% SILVER WALKING LIBERTY HALF DOLLAR $11.00 |
| | LOT # 100 Kennedy half dollar,washington quarter,indian,wheat $0.99 |
| | LOT # 97 KENNEDY HALF DOLLAR,STANDING LIBERTY,WASHINGTON QUARTERS $24.99 |
| | LOT# 95 FRANKLIN,KENNEDY HALF DOLLAR,QUARTERS DIMES $44.99 |
| | THIS IS A 90% SILVER WALKING LIBERTY HALF DOLLAR DATED 1942 S $11.00 |
| | 7 Diff Silver Coins Dimes Quarter Half Dollar Circulated See Scan. $35.95 |
| | 1 Oz Ounce 90% SILVER US U.S. Coin Pre 1965 Half Dollar Quarters Dimes 1964↓junk $29.00 |
| | silver coin lot 1 half dollar, and 5 quarters $35.00 |
| | MIXED LOT OF SILVER COINS~DIMES/HALF DOLLAR/QUARTER/CANADA 50 CENT PIECE $25.48 |
| | Display Case 14 1/2″ by 8″ Half Dollar 36 coin holder $12.95 |
| | 1 Oz Ounce 90% SILVER US U.S. Coin Pre 1965 Half Dollar Quarters Dimes 1964↓junk $23.79 |
| | 50 Coin Containers Tubes Dimes Nickels Pennies Quarters Half Dollar USED $10.00 |
| | 1835 TWO AND HALF DOLLAR GOLD QUARTER EAGLE ~ NGC ~XF $795.00 |
| | 1964 D Silver Quarter Dollar $2.24 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $23.59 |
| | 90% SILVER – 1 OUNCE USA COINS LOT – HALF DOLLARS QUARTERS DIMES OUT OF CIRC MIX $34.95 |
| | $60 face value circulated US.Barber dimes,quarters and half dollars well worn $1,250.00 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $23.59 |
| | GEM PROOF 1976 S SILVER WASHINGTON 25 QUARTER DOLLAR PCGS PR 69 DCAM DEEP CAMEO $19.99 |
| | 90% SILVER – 1 OUNCE OUT OF CIRULATION USA COINS LOT HALF DOLLARS QUARTERS DIMES $34.95 |
| | 90% SILVER – 1/2 OUNCE USA COINS LOT HALF DOLLARS QUARTERS DIMES OUT OF CIRC MIX $18.95 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $22.51 |
| | 1/2 OUNCE 90% SILVER USA COINS OUT OF CIRCULATION LOT HALF DOLLAR QUARTER DIMES $18.95 |
| | 2008 HALF DOLLAR & QUARTER BARACK OBAMA GOLD PLATED & COLORIZED $2.95 |
| | 1925-D United States Indian Head Quarter Eagle Two & Half Dollar $2.5 Gold Coin $228.50 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $23.59 |
| | VINTAGE 1965 WOODEN SOUVENIR NICKLE, PENNY,DIME, QUARTER & HALF DOLLAR SOUVENIR $9.99 |
| | 1965 Canada Proof Like Coin Set – Silver Half Dollar Quarter Dime – Free Ship $32.00 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $23.59 |
| | $4.75 Face Value 90% Silver Mixed Dimes, Quarters, Half Dollar, Morgan Dollar $62.05 |
| | silver coins 294.6 grams mix lot some silver dimes quarters half dollars + $214.00 |
| | 1997 US Silver Proof Set, Coins: Half Dollar, Quarter, and Dime 90% silver w/box $54.95 |
| | 3 New Coin folders Kennedy Half dollars Roosevelt Dimes Washington quarters Whit $3.40 |
| | 1978 S PROOF SET ¢ PENNY CENT NICKEL DIME 25¢ QUARTER 50¢ JFK HALF & IKE DOLLAR $8.09 |
| | 1987 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #1 $5.39 |
| | 1990 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #2 $5.39 |
| | 1977 S PROOF SET PENNY CENT NICKEL DIME WASHI QUARTER JFK HALF DOLLAR IKE DOLLAR $8.09 |
| | 1989 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #2 $5.39 |
| | 1994 S PROOF SET 1eaPENNY 1¢ CENT 5¢ NICKEL 10¢ DIME 25¢ QUARTER 50¢ HALF DOLLAR $5.39 |
| | 1995 S PROOF SET 1eaPENNY 1¢ CENT 5¢ NICKEL 10¢ DIME 25¢ QUARTER 50¢ HALF DOLLAR $20.33 |
| | 1991 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #2 $5.39 |
| | 1992 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #2 $5.39 |
| | 1984 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #1 $10.79 |
| | 1993 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #2 $8.99 |
| | 1985 S PROOF SET PENNY CENT NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #3 $5.39 |
| | 1983 S PROOF SET PENNY 1¢ CENT 5¢ NICKEL DIME QUARTER JFK KENNEDY HALF DOLLAR #2 $5.39 |
| | 1973 S PROOF SET ¢ CENT PENNY NICKEL DIME 25¢ QUARTER 50¢ JFK HALF & IKE DOLLAR $7.19 |
| | 1975 S PROOF SET PENNY CENT NICKEL DIME W/S QUARTER JFK HALF DOLLAR IKE DOLLAR $12.59 |
| | 1998 S PROOF SET PENNY 1¢ CENT 5¢ NICKEL 10¢ DIME 25¢ QUARTER 50¢ HALF DOLLAR $8.89 |
| | 1942 Walking Liberty Half Dollar Uncirculated Condition Silver L@@K $44.99 |
| | 1960 quarter silver dollar bu and cameo $11.95 |
| | 1805 DRAPED BUST HALF DOLLAR, O-111 R2, HIGH GRADE AND NICE! FREE SHIPPING! $1,475.00 |
| | 23 COIN LOT Obverse error Unsearched Reverse dime/half dollar/quarter 1.99 start $1.99 |
| | KENNEDY HALF DOLLARS 1999-D & 2000-D UNCIRCULATED (MINT) $2.99 |
| | 1965 Canada Proof Like Coin Set – Silver Half Dollar Quarter Dime – Free Ship $33.22 |
| | 47 COIN LOT Unsearched dime/half dollar/quarter 1.99 start $1.99 |
| | 1892 Colombian Expo Commemorative half dollar EF $40.00 |
| | 1908-O Barber Half Dollar, 1908-O Barber Quarter, & 1908-D Barber Dime(Pictured) $24.00 |
| | 1999 US MINT Uncirculated Set With John F Kennedy Half Dollars & State Quarters $9.50 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $22.51 |
| | 2000 US MINT Uncirculated Set With John F Kennedy Half Dollars & State Quarters $8.50 |
| | Mixed Lot Of 8 PCGS PR69DCAM Coins – Half Dollars, Quarters, Dime & Nickels $26.33 |
| | 2001 US MINT Uncirculated Set With SAC Dollar & Kennedy Half & State Quarters $9.50 |
| | 2002 US MINT Uncirculated Set With SAC Dollar & Kennedy Half & State Quarters $10.50 |
| | 2003 US MINT Uncirculated Set With SAC Dollar & Kennedy Half & State Quarters $9.50 |
| | 2004 US MINT Uncirculated Set With SAC Dollar & Kennedy Half & State Quarters $12.50 |
| | SILVER 90% 40% 35% PROOF SET, UNCIRCULATED HALF DOLLAR,QUARTERS. DIMES, NICKELS $29.99 |
| | 2005 US MINT SATIN UNC Set With SAC Dollar & Kennedy Half & State Quarters $9.50 |
| | 2006 US MINT SATIN UNC Set With SAC Dollar & Kennedy Half & State Quarters $10.50 |
| | 1/2+ OUNCE- U.S. 90% Silver Coins “Not all JUNK”, Half Dollars, Quarters, Dimes! $5.50 |
| | Barber Half Dollar 90% Silver 1909 D ………………………..(635A) $6.99 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $23.59 |
| | 1 Oz 90% SILVER Pre 1965 US Coin Half Dollar Quarters Dimes No Pure Junk 1964 &↓ $22.51 |
