Today I have finally gotten a chance to make a start towards earning my wealth for today and the future. I finally got my tax return money a few days ago, and I vowed last year that whenever that money came I would take it all and open up a Roth IRA. The Roth IRA is much more than any regular IRA. First of all, the reason for this is because you earn more on the interest rate on this kind of an account. You can triple whatever amount of money you put into very quickly in a short amount of time. I also learned from my financial adverser that it is also tax refundable and whatever amount of money put into it throughout the year, you will get back when you do your taxes if you need it. SO if I can muster up $10,000 into this Roth IRA, not only will I earn on the high interest rat, but I will also get this money back next year. Now everyone, I will have to say that I do not have nearly anything close to $10,000 in this account yet, but you never know what can happen from April-December. I will be happy to post about updates and achievements from this account. So everyone stay tuned because there will be a monthly update about my Roth IRA starting in June. I want to give the account time to bloom first. My motto now is take care of yourself and never put yourself last.
Friday, April 4, 2008
Wealth Growth
Posted by
Lee Baptiste
at
7:46 PM
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