Comments on How to Grow Your Net Worth When You Don't Make a Lot of MoneyTypePad2007-11-29T19:15:00ZNAhttps://www.freemoneyfinance.com/tag:typepad.com,2003:https://www.freemoneyfinance.com/2007/11/how-to-grow-you/comments/atom.xml/justin commented on 'How to Grow Your Net Worth When You Don't Make a Lot of Money'tag:typepad.com,2003:6a00d83451bcbd69e200e54fa63eb588342007-12-01T04:42:52Z2008-08-28T06:34:16Zjustinhttp://nitsuj.netGah, if she increased her income $3,675.77 a year then she didn't make 21K, she made 24,675.77.<p>Gah, if she increased her income $3,675.77 a year then she didn't make 21K, she made 24,675.77.</p>MMJ commented on 'How to Grow Your Net Worth When You Don't Make a Lot of Money'tag:typepad.com,2003:6a00d83451bcbd69e200e54fa503d088342007-11-30T04:18:42Z2008-08-30T07:37:05ZMMJhttp://makingmoneyjournal.com/She has earned $360 in her savings and CD accounts. I assume these could be used for emergency use. Even...<p>She has earned $360 in her savings and CD accounts. I assume these could be used for emergency use. Even at a good 5% yield, that means her emergency savings is at $7200. That seems like a good number in relation to her 21K salary. I have a long long way to go to get that kingd of ratio.</p>Kevin commented on 'How to Grow Your Net Worth When You Don't Make a Lot of Money'tag:typepad.com,2003:6a00d83451bcbd69e200e54fa44b2d88342007-11-29T21:20:07Z2007-11-29T21:20:07ZKevinIf she really needs the money, she can tap the principal of her Roth. As long as she doesn't touch...<p>If she really needs the money, she can tap the principal of her Roth. As long as she doesn't touch earnings, it will come out tax-free. Not the best route, but a possibility.</p>
<p>Bob - what exactly is your experiment? I'm curious.</p>beastlike commented on 'How to Grow Your Net Worth When You Don't Make a Lot of Money'tag:typepad.com,2003:6a00d83451bcbd69e200e54fa44b2888342007-11-29T21:20:03Z2007-11-29T21:20:03ZbeastlikeThe Bob - She can always pull money out of the Roth if need be!<p>The Bob - She can always pull money out of the Roth if need be!</p>The Bob commented on 'How to Grow Your Net Worth When You Don't Make a Lot of Money'tag:typepad.com,2003:6a00d83451bcbd69e200e54fa43ce688342007-11-29T20:19:22Z2007-11-29T20:19:22ZThe BobHer achievements are admirable but her emergency savings account is lacking severely. She should have at the very least a...<p>Her achievements are admirable but her emergency savings account is lacking severely.</p>
<p>She should have at the very least a couple of grand in there before attempting to get a Roth IRA. Why not simply put more into the probably employer matched 401K versus starting the IRA? Maybe she was maxed but I highly doubt it.</p>
<p>Anyway, aside from that blunder she did an amazing job. I will be doing the same starting in January for a twelve month experiment. Everyone around me thinks I am crazy.</p>
<p>So I am crazy and getting wealthier by the day. :)</p>FMF commented on 'How to Grow Your Net Worth When You Don't Make a Lot of Money'tag:typepad.com,2003:6a00d83451bcbd69e200e54f911c2088332007-11-29T19:32:44Z2008-08-27T12:06:09ZFMFhttp://www.freemoneyfinance.comJ Baba -- If you're looking for your question, I unpublished it (and the response with it) as it was...<p>J Baba --</p>
<p>If you're looking for your question, I unpublished it (and the response with it) as it was off topic. I'll re-post it the week of December 10 and you can look for answers then/there.</p>