ceejames12
Geneseo, IL
age: 63
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Hey guys, I saw this Get Rich Slow Plan in the January 2008 issue of GQ.
(I summarized each Step from the article.)
Step #1: Make out a Will - also (if you have a family) get term life insurance.
Step #2: Pay off your damn credit card(s)! (Every month!)
Step #3: Max out all tax-deferred accounts. [401(k)s & IRAs]
Step #4: Put six months’ worth of expenses in a money market account.
Step #5: Start monthly putting money in some decent index funds.
(the Dow, the S&P 500, NASDAQ-100, the Ruggell 2200)
What do you think? Do you like it? What don't you like? Do you have some better Steps?
Cee
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