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 Post subject: How Much Money Should a Woman Save for a Nest Egg?
PostPosted: Mon Oct 08, 2007 4:18 pm 
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Location: NC
I was sorting through some old magazines that had accumulated in a box in my basement. Naturally, I had to scan them for interesting stuff before I dropped them into the recycling bin. One of them had an article written by a financial expert (I'm using the term "expert" because it's in the article, not because I think anybody is an expert on anything.) named Robert Kiyosaki.

One of the questions posed to Mr. Kiyosaki in the article was how much money should a woman save for her nest egg?

Mr. K's answer:

"One of the things I learned was called the 10/10/10 rule. I had three piggy banks: one for savings, one for investing, and one for charity. I advise women to do this and set a goal that every day for a year, they're going to put 10 cents or more into each piggy bank. It's not the dollar amount that's important, it's the habit you create. "

Good advice, especially for kids and young adult women.

What's the next step?

Mr. K's answer:

"Learn to invest wisely. If you're just putting money into the bank, you're not learning anything. That's why I value education and experience more. When you're not financially smart, it takes a lot of money to feel secure, if ever. What makes me feel secure is that I don't care if markest go up or down, I know how to invest."

Mr. Kiyosaki's web site is http://www.richdad.com

The article was in an old Woman's Day magazine from 2003.

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