How to Turn $100 a Month into a Million

By Kevin M. Russak

How putting $100 a month a way will help put you on being able to retire when you can no longer work and never run out of money in retirement. Start young keep putting money away and enjoy your retirement.

• Language: English
• Publisher: AuthorHouse
• Release date: Jan 15, 2013
• ISBN: 9781481704229

Kevin M. Russak

Kevin lives in Vero Beach, FL and is 50 years old and is a caregiver to his father who is 90 years old. His father retired when he was 50 and Kevin retired at 45 to take care of his Dad. He started learning about investing when he was 11 years old which helped him when he was older.

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© 2013 Kevin M. Russak. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse 12/28/2012

ISBN: 978-1-4817-0422-9 (e)

Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.

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Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

CONTENTS

CHAPTER 1

Be Discipline

CHAPTER 2

LIVE OFF 4% Rule in Retirement

CHAPTER 3

WHERE TO INVEST

CHAPTER 4

WHERE TO RETIRE

CHAPTER 5

MANAGING YOUR FINANCES IN RETIREMENT

CHAPTER 6

DON’T PANIC

CHAPTER 7

USING THE COMPUTER TO TRACK INVESTMENTS

CHAPTER 8

401 K’S

CHAPTER 9

IRA’S AND ROTH IRA’S

CHAPTER 10

PRECIOUS METALS

CHAPTER 11

MUNICIAPAL BOND FUNDS OR TAXABLE BOND FUNDS

CHAPTER 12

CLOSED END FUNDS UNDER NAV WITH HIGH YIELDS

CHAPTER 13

STOCKS OR STOCK FUNDS WITH DIVIDENEDS

CHAPTER 14

EDUCATION

CHAPTER 15

DON’T PROCRASTINAT JUST START

CHAPTER 1

Be Discipline

It takes starting and keep doing it no matter what. Life will try to Keep you from putting a $100 away but if you have discipline you can do it. What do I mean watch what you are spending if you can spend money on fast foods, drinks at convinces stores, have the most up to date computer or cell phone you can put $100 away a month.

I am not saying not to have a computer or cell phone but look for a phone and computer that is inexpensive or not. And look for an internet plan or cell phone plan that will do what you need without all the add ons. I have a cell phone plan that is $40 a month unlimited text, web and phone. I had gotten an android phone the weekend after Thanksgiving also and it was on sale too it was half price. But I could get a more expensive plan but was able to cut my bill down to $40 a month on this also.

Another thing is get the newspaper that has coupons in it as well as the grocery store ads as well as the drug store ads and see what is on sale and see what coupons you can use to buy those items with. I personally use coupons for buying toothpaste always have extra in the house and it doesn’t cost me anything to buy these and sometimes I get money back from buying toothpaste. And there are buy 1 get 1 free items on vitamins, soap and other items in the stores too. If you buy these items on sale and use $10 a week in coupons that adds up to $40 a month.

Your automobile is another way to cut expenses also. When you go out have a list of the stores with the items you need written down. Make sure you get everything you need in one trip instead of having to go back out to buy more things. This will save on wear and tear on the care as well as on the cost of fuel too. I am not to figure on what this can save someone but it is just an idea before you just run out to get one thing. Savings can be based on what you will save. The closes store to where I live is 8 miles away when I take my Dad to physical therapy 3 days a week that is when I do my grocery shopping and go to the drug stores. You can do it on your way home from work. So you don’t have to keep going out to the stores.

Look over your cable bill is there a plan you can use and be happy with. I don’t rent movies because after while they will come out and be on TV. I have basic cable and get enough channels on that plan and can watch movies, news shows, and other shows I want to watch. It just counts on what you want to cut.

You home phone see what can be cut on that too.

I personally choose to bundle my cable, phone and internet with one company. I have two phone lines going into the house for your info. I use to pay for the two phone lines how much I am now paying for the bundle I get. Bundling the phone cable and internet saved me over $50 a month. Also when I get a bill with a price increase will call the provider and get them to come down to what I was paying. We have a few other companies in my area that offer these choices so I know what the other companies are charging before I call to get a price reduction.

Going out to eat. Look for places you can get a good deal on buy 1 get 1 free on meals, coupons and what might be on special that night. Watch what you spend in a restaurant also with drinks, appetizers and desserts. I am not say not to go out but go out were you can get a good deals on early bird specials or 2 for 1 drinks before a certain time it is slower for the restaurant so they have these good deals. If I go to the early bird and can save some money I will instead of going out later.

Every expense has to be checked over insurance is another one. See what you need and what kind of deductibles you will need also. The higher deductible the lower the payment. But it is just something to look at.

Go to the movies that have the best price instead of going when it is higher. And try to have something to eat before you get there so you don’t have to pay that high fee at the movies. Better yet have a movie night at home and make some popcorn and have your own drinks at home so it cost a lot less at home.

There is enough ways to cut expenses so you can put money into an