Being smart with $$ - Become a MULTI-millionaire

Become a MULTI-millionaire.  Get to the first million by saving 10% of your $75k salary over 30 years (says Money Mag Oct '15). And then just 10 more years of doing the same makes you a MULTI-millionaire!  $2 million is "multi," right? (Assumes 3% raises and 6% stock market returns.) Don't have 40 years to save? Don't use that as an excuse.  The time to start saving for retirement is always right now.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com

Being smart with $$ - Don't invest like the Greeks

Do you hate international stocks and prefer to invest in U. S. companies only? What if you were Greek? Would you buy U.S. stocks or Greek stocks? Apparently Greeks like their own country too and 82% of their stock money is in Greek companies. Yet their stock market makes up less than 1% of the world's stocks (says Kiplingers in an Oct '15 article). I wouldn't recommend putting all your money in the Greek stock market but there is a diversification benefit of having some exposure to stocks outside the U.S.
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com

Being smart with $$ - Pretend you're not as rich

$100,000. If you and your spouse earn that much combined you're in the top 22% of earners (total household income according to CNNMoney). $150k puts you in the top 10%. Hey, maybe that group could pretend they're only in the top 30% and save the rest for retirement.

Larry Pike, CFA

www.clientpriority.com

Being smart with $$ - Don't be a typical single, start saving early

Save early and often. That's how you get to a financially sound retirement.  But Mintel Group says that only half of singles have a retirement savings plan, compared to 84% of married couples (as reported in 401kspecialistmag.com.)  Here's the killer: Saving $1000 per year in the first 10 years after graduation is likely the same as saving $1000 per year in the following 35 years.  No matter where you are now, the later you start the harder it gets. So get started!
- Larry Pike, CFA, Client Priority Financial Advisors LLC
- www.clientpriority.com