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Posts on ‘March 2nd, 2009’

Expected Net Worth

Today’s post is about another disagreement with “The Millionaire Mind” by Thomas J. Stanley.  Dr. Stanley says, the expected net worth of a person = age*0.112*income. Let’s talk about our imaginary friend Jane. She is 25 years old, and makes $40,000 a year working as a receptionist at a software company. She got an undergraduate [...]