Living Far Below
 
 
The only way for you to provide for your later years is to live below your means.  If you want to have any hope of achieving financial independence you must live far, far below your means.  This is not a difficult concept to understand.  Although it is very simple, few people […]

Retirement Income
 
 
 
Most people will have to replace 70-90% of their current income at retirement age.  Many will want to replace 100% of their pre-retirement income.  Because we are living longer and healthier lives, we can expect to live 20 plus years after retirement and to be more active at an older age than […]

Bank Interest vs. Mutual Fund Growth
 
 
The following chart shows the annual return on an investment in five-year increments.  If you were to begin saving now, an amount of $100 per month, the following chart details your possible investment return showing a variety of percentages and years. 
 
 

Annual Return

5
Years

10
Years

15
Years

20
Years

25
Years

1.5% Bank Account

 
$6,226

 
$12,938

 
$20,171

 
$27,968

 
$36,372

5.0% Money
Market Fund

 
$6,800

 
$15,528

 
$26,728

 
$41,103

 
$59,550

10.0% Stock
Mutual […]