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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

 
 
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Old 10-08-2009, 11:50 AM
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Raymond Raymond is offline
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Join Date: May 2009
Location: Lake Charles La
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Quote:
Originally Posted by cmdrost View Post
that my friend is the great american debate. Average seems to be around at least 10% per year. Some do more, some do much much less.

I drive an older truck thats paid off. I put a "truck note" into my IRA every month. Plus contribute 15% into my 401k.

My buddy doesn't put but $50 a month in his IRA, has no 401k, but drives a new Ford King Ranch. I keep telling him our roles will be dramatically reversed come retirement time, yet he doesn't seem to care. Most people our age don't think long term like that. Its a instant gratification world now days.

Its really all up to you!
Starting the same investment plan in November, my truck is paid off this month!!!!!!
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