Did you know that if you had started out your career maximizing your 401k every year, there’s a very distinct possibility that you would retire by age 62 with over $7 million dollars?
Did you know that by saving your money in an IRA or 401k you’re actually saving as much as $509,774 over 30 years in compounded returns from NOT letting $4,500 slip away to taxes each year?
Or, how about that a Roth-style 401k or IRA might NOT be your friend (contrary to popular belief). In fact, a Roth may end up costing you over $1 million dollars of lost fortune depending on how you plan to retire.
You Can Save BETTER!
It’s these kinds of things and more that were the kinds of concepts I wanted to pack inside my first eBook: “Save BETTER! Use the Secrets of the Wealthy to Retire Early, Create Passive Income for Life and Achieve Financial Freedom”.
This eBook is my attempt to sit down with you, one-on-one, and deliver my very best and biggest nuggets of personal finance knowledge. It contains several of my most valuable pieces of advice and things I only wish someone had taught me sooner!
Though everyone’s financial situation is different, there are so many lessons that are fundamental about money and how to accumulate more of it. I believe that despite your age or social being, you’ll find that a lot of these tips can have some meaningful impact on your situation.
Don’t Miss Your Wealth Opportunity:
I honestly believe that present-day Americans are in an incredibly wonderful and opportunistic position to turn themselves into multi-millionaires. Like I mentioned in the beginning, a person working from age 24 to 62 could gross over $7 million dollars in savings by the time they are ready to retire.
There’s just one problem … hardly anyone knows it! If they really knew any better, than the average 401k balance would be a lot higher than $89,300.
Instead, we allow the media to trick us into thinking that we need to work 30 or more years. Or that we somehow deserve inflated, under-funded pensions. Or that we should blame Social Security for our financial shortcomings. Or that saving a mere 10% of our income will be enough to retire on someday.
The truth: You having the power to save how, when, and where you want is one of the best things that you could have going on for your finances these days. The old rules are out! If you want to retire in 20 years, you can do it! If you want to accumulate millions of dollars, it’s totally possible!
You no longer need to be a big business owner or professional stock picker to have your shot at building a fortune that you’ll be able to live off of for the rest of your life. Lots of people are getting themselves on the path to financial freedom every day by making significant and substantial changes in their financial lives. And they accomplish it by recognizing and taking advantage of many of the tips I’ve collected over the years and assembled into these pages.
More of What You’ll Discover:
Here are just a few of the other things within the eBook we’ll go over when it comes to reaching financial freedom:
- How using a 401k or IRA is like getting 33% more money to save every year
- How the Rich use capital gains and dividends to reduce their effective tax rate to far less than what you probably pay
- How not getting your full 401k employer match is like leaving almost $200,000 on the table
- Why a person who saves during the first 10 years of their career will have more than someone who tries to catch up during the last 30 years of their career.
- How you can still continue to tax-shelter your money beyond a 401k and IRA (and no, it’s something better than an annuity).
- How you could structure your retirement savings so that you’d owe NO Federal taxes at all during retirement. How’s that for financial freedom?
Get Your Copy:
If you like reading My Money Design, then you’ll be delighted to know that my intention with this eBook was to give you the same sort of straight-forward financial advice that you find here every week. But I wanted to give you A LOT more! This book is far more structured and will feel more like a financial seminar than anything else.
Download your copy of Save BETTER! today! For less than the price of a coffee drink, it’s a deal that you can’t pass up!
Cover image courtesy of Amazon
Jayson @ Monster Piggy Bank says
MMD, congratulations on your first ebook! I am so excited to grab my own copy of this and to read particularly about how to structure retirement savings.
Thanks! I’m sure there will be a lot in there you’ll enjoy.
MMD, congrats on your first eBook! Everyone else, I’ve read this book in one sitting. It’s definitely worth your time and $2.99 to check it out. He goes very in depth on how to use these tax advantaged accounts to save you money. Lots of money.
Trust me. I’m not going to a full review here in the comments (already did that on my own blog), but I’m telling you that this book is a very easy read and well worth your time and money.
ARB–Angry Retail Banker
[email protected] says
Can’t wait to read it! =)
I hope you enjoy!
Brian @ Debt Discipline says
Congratulations on your first e-book! Looking forward to giving it a read!
Thanks Brian. I’m hoping this whole process goes well and I can make more of them in the future.
Fervent Finance says
Congrats on your first e-book!
It’s such a shame that traditional IRA’s have income limits. Definitely puts a damper on my savings strategy by having to utilize the Roth IRA. But hey it’s better than nothing.
Don’t forget you can always use a Backdoor Roth IRA to work around those pesky income limits. I’ve got a post coming out about those in early May.
I just bought a copy! Can’t wait to start reading it 🙂 I may have to pick your brain sometime too on retirement savings. I got married and the husband has a state job with a pension, he also has a second retirement account through the state, and I have my IRA (I need to open up an SEP.) But now I need to figure out how much we should be saving beyond what we already have. Sorry, thinking out loud over here lol
I’m going to read your book tonight. Maybe I’ll answer some of my own questions!
You can always hit me up with an email. I’ll be glad to help.
[email protected] says
I’m very excited to read about those tax strategies for retirement. Hopefully, I can get to it this weekend!
I think you’ll really like it Kim. Even though a lot of it applies to 401k’s and IRA’s, there’s still a lot of other lessons that can be gleamed.
EL @ Moneywatch101 says
Congrats on the new Ebook. I think the topic based off savings is something that needs to be discussed more, I will check out the book soon. Cool Title and artwork on the book.
Thanks! Gotta love Fiverr! $5 for a book cover.
Matthew Allen says
Congrats on the book man! That’s so cool to have your own published work in the form of a book out there in the marketplace.
Sooo…. is this unofficially your coming out of anonymity party as well? Your name is proudly displayed on the cover of the book. But everybody still calls you MMD. Letting loose and ditching the anonymity might go a long way. Whatta ya think? (Sorry if I missed it in another post somewhere)
Thanks on the ebook Matt. I wish it was selling a little better. I’m learning a lot about how saturated this avenue of eProducts is. eBook #2 is coming out next month, so perhaps we’ll do a little better marketing that one.
I really didn’t want my first book to be written by MMD. So I just decided to be bold and use my real name. I suppose you could call it a silent coming out. It’s been 4 years so I was kind of like whatever – who cares. However I don’t really plan to change anything regarding my name on the site or post any photos of myself any time soon.