Page 99 - Charles Calhoun Book Rich As You Want To Be

or $2,200 per month, which would be about

$1,440 per month after taxes. And those are

interesting examples.
But if you look at the first example. That by

starting with $10,000 and putting roughly $300 a

month in over your working lifetime, you could
retire from work with nearly $7 million and an

income of $46,000 per month. That is unbelievable

to most people. And yet that could be done.
As you look at the examples above you notice

that they are huge numbers and they do get

reduced significantly by income taxes that have to
be paid. You may be thinking, “who cares”? If I’m

making $41,000 per month, I can afford to pay

taxes of $16,000 per month. That is a big number
and the moral of the story is that we should always

be aware of taxes and pay attention to them. They
can be a big deal.

What prevents many people from funding

such an investment account is that they have
debts to be paid first, leaving little or no money to

invest. Debt can be and is a big obstacle for many

people. Hopefully you will have none and therefore
no reason to be concerned with debt. But most

people have too much.
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