Number ONE tip for accumulating wealth? SPEND LESS THAN YOU EARN.
I have read the really good book, The Millionaire Next Door, and one web guru, Hugh Chou, also read the book and created a really cool wealth calculator. The book and Mr. Chou's online calculator follow the premise that your total net worth alone does not tell a good enough picture of one's wealth, what matters is how much worth you can accumulate on your income considering your own age.
Where do you stand? Are you an UNDER accumulator of wealth? AVERAGE accumulator of wealth? PRODIGIOUS accumulator of wealth? In other words, what is your wealth index? Well, you can figure this out with the link below. I've also included other links such as a cool net worth calculator and a portfolio manager.
HOW WEALTHY ARE YOU? (Hugh Chou's Wealth Equation Calculator)
Calculate NET WORTH
Portfolio Monkey (cool investment and portfolio management tool)
BUY a home in Columbia, SC
- U.S. median household income in 2010: $45,800 (down 7.7% from 2007)
- U.S. median household net worth in 2010: $77,300 (down 38.8% from 2007)
- A recent Federal Reserve survey finds that during the recent economic downturn, American families are saving less and only slowly repaying debt.
Columbia, SC Realtor
RE/MAX Metro Associates