These funds are made up of the same stocks that make up the popular market indexes like the Dow Jones, S&P and NASDAQ100. He figured that Social Security would cover about a third of what he wanted to live on. Not that you have to figure out how to become the next Bill Gates or Warren Buffet. But some of the concepts can be applied to any amount of wealth you possess, $10,000 to $10,000,000. Personal Finance 101 Only a third! I don’t spend more than I earn. So my father started learning about the stock market and investing in stocks and mutual funds. You could even end up paying more than 10 times the original cost of the item just in interest payments. I wish I could say that he is doing better than he is, but luckily he has some time still to put his plan into action and ride out any market downturns. It took several years to build up this cash fund. None of us liked the sound of that. Part of the protection harks back to your [...] Especially no-load index funds (no initial/sales fee). This is rare these days because today the average worker will change jobs and companies at least five times during his/her career. He then took a look at his potential sources of income during his retirement.
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