GaryDong in Elk Grove is doing 12 things including…

be a millionaire by 50

1 cheer

 

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GaryDong has written 10 entries about this goal

Saving

along with being married, is a driving factor behind building wealth.



Amount of assets you'll need

10 to 16 times your salary
by the time you leave your job



Allocation Dedication

Rebalance Annually at End of Q1
- Vanguard Small Cap Value (VBR)



If you want to get rich

You’ve got to put away at least 2 hours a day of salary.



The Road to $1 Mil

How much you need to SAVE each month = $861

to accumulate $1 Mil in 20 years

IF You already saved $100,000



Investment Policy Statement

Vanguard Total Stock Market (VTI)
Vanguard Small Cap Value (VBR)



6 WAYS to get ahead

1. Embrace work
2. Think like a CEO
3. Use time effectively
4. Rethink meetings
5. Listen up
6. Be nice



Perfectly Adequate Portfolio (Allocation)

Just two funds
A Total Stock Market Index (60-85)
A Total Bond Market Index (15-40)



401k Contributions - CDx

2006 8015.98 40.2%
2007 3631.51 50.0%

Total 11647.49 42.8%



SMART Goal Setting

Specific
Measurable
Attainable
Realistic
Timely



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