Monday, August 20, 2007

Where do you stand? Financially.


Many years ago, I read this book How to Grow Rich by Frank Newman and Dr. Muriel Newman. I thought that I could "beat" the odds and attain wealth earlier.

I guess most of us tend to "follow" this graph trend, although the $ in value would differ and the perception of whether you are wealthy or not is quite relative.

To see where you stand, I would cite the "wealth ruler" based on Robert Kiyosaki's book "Retire Young Retire Rich"

On page 102, he states:

Upon retirement at age sixty-five, the income WITHOUT working falls into these categories:

Poor $25,000 or less per year
Middle class $25,000 - $100,000 per year
Affluent $100,000 - $1M per year
Rich $1M or more per year
Ultra-rich $1M or more PER MONTH

So, where do you stand today?

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