Cents and Sensibility- An Acorn and the Oak Tree
While reading the Wall Street Journal today on Google Reader, I saw an article which set me thinking about savings. The article is titled “Doing the Math on Coupons” by Brett Arends. At the bottom of the well written article, he goes to make this statement:
Someone who saves $25 a week will save $100 a month, and $1,200 a year. Over a lifetime that can easily grow to $100,000 or more–even after accounting for inflation
Without savings, one cannot talk about even insurance, not to mention investments. But the money saved can go on compounding. If you invest in dividend stocks, this can even give you a fairly good returns in a year. Supposed that you have a million dollars invested, at 3% per annum you will have a cool $30,000 a year. That is more than enough to retire on.
I’ve read about a blogger who has attained the $350,000 mark, so I guess he is one third of the way there.
If you go and read around different blogs, you can see some bloggers who are actively trying to attain financial freedom. Through their introspection and musings, I’ve learn a lot and found out that there are people who are very savvy about their finances and shrewd.
For a newbie investor, there is more than enough information for you to start on your savings and investment journey to reach financial nirvana.
The list of bloggers that is listed on this blog is a good start to find out more about the whole shebang about what investing is all about.
May you start soon if you haven’t and if you have, may your road ahead be a nice and relatively uneventful journey to financial freedom.
February 11, 2010 at 10:39 PM
Nice posting. Sgbluechips really encourages me too. His portfolio is huge for somebody his age.
Hope that we can cross the finishing line together. Let's spur one another on.
Happy Chinese New Year in advance!
February 16, 2010 at 11:09 PM
Hi,
I think he did mention before that he is managing for his family too :)
You might want to ask him straight, friendly guy :)
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