Is It Possible For A Healthy 70-year-old Man To Get 300k In Life In

What is a good gift for a 70 year old man?

At the moment there are 4 other answers here. On the surface they appear different, because there is no such thing as a generic 70 year old man. But the underlying message of each is pretty much the same: Suit the gift to the actual person, not to his age or even his gender. Some of my young friends who are 70 (I’m 74 so I get to call them “young,”) would be delighted with a gift of mountain-climbing gear, although a gift card from an outdoor outfitter might be wiser. Others of the same chronological age would be thrilled if you’d replace the worn-out tennis balls on their walkers. You need to get to know that person well enough to learn the answer to your question. And here’s the irony: The simple act of getting to know him that well could be the most thoughtful gift of all.

I'm 22 years old and I want to become a millionaire by 35. How do I do this?

First of all congratulations on your goal!Second of all, $1M does not take 13 years with proper guidance and can easily be achieved in under 2–3 years (if a person is mature enough and ready)Couple thins to consider:What do you enjoy doing?What are your strengths?Where are you wasting time?The reason why I am bringing this up is because when you know what you like (even a slight direction for now because it can be developed) then you are able to structure your life around your passion.Education (I am not talking about school) is very important! Once you get an idea of what you want to pursue, you will then need to become the expert in the field. There are countless # of books out there and if you are a slow reader (like myself) then go for Audible..Next.. Begin branding yourself or your project and START NOW! Having an online presence is more important than you think *and don’t go cheap on this)Depending on your “service” which you need to figure out.. Begin getting clients that you will serve and provide the best possible service. The testimonials and connections will help you a ton in the future.As you begin making money, take a portion of it and save it (pay yourself first) and then take another portion of it and invest it into something that will begin to create automate monthly revenue (subscription plans, membership, or even coaching on your craft if you are great at it)The method is pretty simple but not short and easy..Step 1. Invest in yourself (education)Step 2. Brand yourself and create a reputationStep 3. Invest your money into things that make more money (auto)Step 4. Repeat step 1–3The goal here is not to just make $1,000,000!It should be to create a system of at least 5–10 streams of income that way you don’t always have to “trade your time for money” since we only have a limited supply of time..Good luck!Kharenwww.instagram.com/succeeddailyhttp://www.socialbuzagency.com

I am 27 years old. I have $300,000 in the bank with no debt. What should I be doing to ensure I can retire by 50?

I "retired" at 40 with less than that, and went sailboat cruising.  Now after 15 years, I have somewhat more than that. Well, we stopped to teach school a couple of times because the boat was more expensive that we expected. But mainly, we did two things: 1) saved regularly and invested in stock and bond mutual funds, and managed those funds ourselves - no loads or commissions to eat away the returns, and 2) cut our costs-of-living to the bone. We get along very comfortably on about $800 per month. Some day, we'll get Social Security maybe - then we'll REALLY be rolling in the dough! But for now, we just live on the savings - and been doing that a long time. With the market returns of the past decade, we have averaged a little over 8% with a blend of 70% S&P 500 index fund, and 20% Long-term Treasury Bond index fund. The rest is in bank accounts for immediate living costs. We don't like to follow the market so we don't - twice a year, we rebalance the funds: if stocks are up, we sell high to get it back to 70%. If stocks are down, we sell some bonds and buy stock (since the are on sale!).Cutting costs is hard for most people. If you watch TV, you come to believe you cannot live without it. If you eat at restaurants much, you forget how to cook or maybe never learn. If you have a demanding career, it is easy to get wrapped up in that and forget that you are doing it all for some anonymous stockholders or senior partners. Socrates said 'the uninspected life is not worth living'. You have to decide what you want your life to be like, and if you do a thorough job with that inspection, you will not be very likely to come up with a life involving working until you are 67. Just my opinion.

Term insurance policy of $100,000 cost will increase from $70/month to $195/ month for a 67-year-old female. Should we continue?

You must be on a (Annual renewable term product) which I would never sell or your old term product is terminating it’s rate guarantee. You should ask yourself if that death benefit is still needed for your beneficiary, if so, you are still young enough to apply for a NEW 10, 15, or 20 year policy with guaranteed rates after underwriting so you won’t have to worry about increases in costs. Female rates are so much lower than male rates so you be might be surprised at how much a new policy would cost if you are reasonably healthy.Independent Insurance Agency

Those who are under 30 and make $300k+ a year, what do you do?

I started my career in tax and audit making $36,000/year at 22 years old.It sucked.I lasted 8 months before I quit and moved to Asia to roll the dice and start a business.I tried affiliate marketing first. Lost money for 246 consecutive days then had a breakthrough. I worked 60+ hours a week for a few years. Many depressions, failures, setbacks… But also glorious triumphs.Wanted to get into a real product business and build a consumer brand. An email list of 100,000 customers who LOVE you is an asset that will last for years and no one can take from you. You can lose a job overnight, but you’ll not easily remove a brand people love from their hearts and minds…I had no experience in eCommerce. My business partner and I threw around ideas of what to sell. As a joke we thought, why not sex toys, HA. Its ultra competitive but we’ll try, learn a few things, probably fail quickly, then niche down and start an ACTUAL business.Well, we ended up sticking at it so long and figuring out a few secrets / building our site and product to such a level that we couldn’t quit. 14 months we lost money. At the worst moment, both of us had negative balances In our CHEQUING accounts. All our personal credit cards were already at collections.20 months in we hit 1 million in sales29 months in we hit 3 million in salesToday we’re around 5m/year. Our margin is around 18%. So i make well over 300,000/ year… But two years ago I was broke.I turn 27 soon. So it took me 5 years to achieve freedom. (the business day to day is auto pilot, we have 20 or so employees)I only take 52k/ year from the company. The rest is retained or paid out to my holding company as a dividend… Tax free!also, as a side note, income from other sources still comes in from hobby projects online (membership site, Affiliate links)Anyone can do it! I'm just a dumb guy with a hard work ethic. Good luck!

I am 35 years old Indian. I have saved 50 lacs rupees after working for 12 years. How much other average Indians of my age have saved?

It depends on many factors. The type of job/ business you have, luck, your decisions good or bad, your attitude, learning and adaptive nature, are you a risk vs reward taker etc.I'm 33 now, working for about 12yrs, was having only 1.8LPA in 2011. I saved 27Lacs in 1 single year in 2015 when i got an onsite opportunity to the UK. Otherwise, most of my earnings were hand to mouth.While I was in UK, i was searching for a decent stay, but couldn't get a double room, so had to settle with a single room. So i ended up saving 1.5lac due to this even though i didn't like it. I decided I won't buy a car, else 5lac would have gone on that account. I used public transport and cabs when required. Stayed near office, so a daily walk would do. I was single, so worked when there was a requirement at office and used to get overtime ( didn't worked so much, so not really stressed out). I joined a gym which had badminton, swimming, yoga, zumba etc. Even I'm not using them much, i had a low cost hobby or a place to spend my time. Else might have some high value expense because of the spare time.Now attitude. I got this onsite role and initially my company offered me a higher pay than usual. I highlighted this, but they told that's the norms. I accepted the offer and signed the docs. Later some other guys got involved and they reduced my salary. I had full authority to fight back, but I thought why make a scene. I agreed and went onsite. Within 3 months, I got a hike based on the initial higher amount, so all worked out good, my luck again.if you think you haven't made enough, you have to sometimes wait for the right opportunity. But when you get one, please don't mess up. An year only required for you to make enough/ or get into debt. Spend…, but have an eye on your high value expenses. Don't get frustrated by seeing successful ppl. Look at ppl above only to have a desire to grow, look down if you feel you have not made anything. There are millions of people above and below you.Hope that helps. All the best!