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How to Be a Millionare the Easy Way; But You Need to Be 25 Years Old! Read Johnathan Burton on MarketWatch.

By Joseph McDaniel, Esq.

There's a nice MarketWatch article by Johnathan Burton, and it discusses the easiest, most predictable way to become a millionare.

Of course, it works best if you start when you're 25, because then your temporal lever is the longest you can make it.

On the other hand, if somebody has hair that's the correct color, there's a 50/50 chance that their earning potential is at it's highest; there's also a 50/50 chance that they have a walker and an oxygen bottle, but that's a story for a different blog.

And the other issue that can postpone saving at any point in a lifetime is excess debt, especially unsecured debt.

And that's why I suggest that people who are contemplating bankruptcy in Arizona and are unable to make up their mind go track down a free, online, credit card payoff calculator to see how long it will take to pay off the debts at your current rate.

I just talked to a very intelligent young man of about 25; he and his wife had two very young kids, and both work long, hard hours.

And why do I say he's intelligent? Well, he'd already used a credit card payoff calculator to figure out that at their current rate, it will be 20 years until they can pay off their credit card debt. And at the interest rate that they're charging, will cost a total of...a fortune!

So he wanted to talk to an AZ Bankruptcy Attorney to understand his options; fortunately, he'd also looked at a bunch of my bankruptcy videos, so he already understood most of the process pretty well.

I really like smart clients!

 

Full post as published by Arizona Bankruptcy Attorney Blog on March 29, 2011 (boomark / email).