If he saves a total of 15,000 per year, assuming an 8 percent rate of return, he should have more than 1 million by the time he's 65, or even more if he can earn a higher rate of return.
More Quotes from Ron Pearson:
I won't even begin to work with a client until they have completed a letter of intent, which deals with your hopes and dreams for the child, ... I tell the mom, who is often the one who writes it up, that they should write it as if they were an angel on the shoulder of the designated caregiver. She should include everything she would whisper in their ear.Ron Pearson
He needs to maximize his savings for his own retirement as well as his daughter's education, yet his debt is absorbing 43 percent of his monthly income.
Ron Pearson
It's going to boil down to who lets him run track. He asked me once if anybody has ever won the Heisman Trophy and an Olympic gold medal.
Ron Pearson
It's difficult for some military personnel after five or six years who may be married, have kids and other financial obligations, ... If they haven't banked some on the side, it's tough.
Ron Pearson
They hadn't even gotten their first paychecks yet, ... My biggest thing was giving them a sense of reality and what costs would be. We outlined costs and a budget, and by the time we finished they said they could take maybe one vacation a year. They started to understand reality versus their dreams.
Ron Pearson
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