He lives a lavish lifestyle that results in personal and household expenses a month of $18,000. He hasn't really saved much over the years as he has spent any surplus upgrading his house and car. His liquid assets are just under $18,000. Besides his full time job, he has no other sources of income. What is Steve's level of wealth,
Celine France?
Well, if he stops working today, his $18,000 will last him for just a month,
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On the other hand, Susan, a marketing manager in a retail store earns a monthly salary of $5,000 a month but she is much wealthier than Steve. How is this so?
Well, over the last 20 years, Susan has diligently saved 20% of her income and invested it in the right stocks and mutual funds that have given her returns of 15% per year,
Celine. (You are going to learn how to achieve this return with minimal risk in the later chapters).
Over the years, Susan's liquid assets have grown to $1,
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