diamond brian
Member
- Joined
- Mar 28, 2007
- Messages
- 973
Because many of you boneheads seem to know everything about carpet cleaning, and nothing about retiring, I'd like to propose a retirement pie.
Just like the cleaning supply, the retirement pie will have 4 slices (to create as little confusion as possible).
Savings: How much of what you earn do you keep?
Investments: Of what you keep, what % return do you earn?
Lump Sums: Additional monies received due to sale of business, real properties, inheritance, etc.
Knowledge: Knowing how much $ you'll need to retire. Having at least a basic understanding of money and banking.
SILK
Feel free to add slices to this pie--just don't screw up my acronym.
Just like the cleaning supply, the retirement pie will have 4 slices (to create as little confusion as possible).
Savings: How much of what you earn do you keep?
Investments: Of what you keep, what % return do you earn?
Lump Sums: Additional monies received due to sale of business, real properties, inheritance, etc.
Knowledge: Knowing how much $ you'll need to retire. Having at least a basic understanding of money and banking.
SILK
Feel free to add slices to this pie--just don't screw up my acronym.