Building Wealth Doesn't Get Any Simpler Than This

I'm a fan of Scott Burns. When he writes, I read it. Anyway, I noticed that he had an article on the Money Central website today. In that article he talks about how a person (a young person) can become a millionaire if they:

• Work four summers, starting at age 16


• Save the income in a Roth IRA account


• Invest it in a simple, low-cost equity portfolio


• Simmer slowly for 47 years


• Serve ungarnished (and untaxed) at age 67

He then goes on to explain how it can be done. Good information! This is the kind of stuff I like. I think we tend to spend too much time talking about what can't be done instead of focusing on WHAT WE CAN DO NOW!

Tags: Starting Young, Becoming a Millionaire, Investing