e. And of course, there are so many other questions that go into this important decision. However, perhaps above points will help you get a feel, a direction, an overall understanding, of which choice may be better for you. Personally, I think ROTH IRA offers most compelling benefits to most people. It certainly does for me and my family. So, as you journey forward in examining these two tax-shelter accounts, make sure to ask important questions, as ones I’ve suggested above.

3. When Should I start Investing in a ROTH-IRA?

a. The ROTH-IRA is a fabulous “next step” on you journey to cleaning up your financial house, and moving from reactive you, to wealth-building active you. Don’t start with a ROTH-IRA. Think of it as icing on cake.

b. Your first steps should always be basics. Get your finances in order. Pay off your debt, create a budget and develop good spending habits. Work towards exploiting all of retirement benefits that are available through your employer or business, such as a 401k, a Pension account, company stock options and contributions, You see, ROTH-IRA becomes important, when you’ve done all of these other things. Now, you are asking yourself, “What else can I do, to build wealth faster?” That’s Excellent! And that’s time, when ROTH-IRA is best, obvious next choice!

c. Do you own your home yet? If you don’t, than might I suggest that you consider this as your most important priority, pre-ROTH-IRA. In 2003, our Real Estate in Sacramento area, overall, appreciated 15.5%! All you have to do, to enjoy this amazing financial vehicle, is to simply own your own home. Now it may not always be as amazing as 15.5% appreciation, but overall, arguably, there is no faster, easier, and better way to get to wealth, then through home ownership. .

4. How Long Before I Earn $1,000,000 – One Million Dollars?

One second...Taking out my trusty calculator....

a. Assuming 9% investment earnings

b. Assuming a monthly investment of $500...

c. I'm making assumption that you're married, and you're investing into 2 ROTH IRAs, rather than one...Thus, I'm going to calculate on a per family basis...If you're only an individual, you can only calculate for one ROTH IRA, and your monthly investment would be $250.

Ready? Here we go…

So it would take average American family about 30 years to get to One Million Dollars.

I hope you realize how EXCELLENT this is for you. I know 30 years sounds like a long time, but we’re talking about PASSIVE wealth building, easy wealth building, painless wealth buildling, and automated wealth building for your retirement.

You set this up, and all you have to do is go to work every day and live your life. The ROTH-IRA account, alongside all your other investment programs, will be building your wealth in background, and remember I said this was icing on cake?

Well, don’t forget, you should also have REAL ESTATE, your 401k, your pension, etc. With all of this working in your favor, truthfully, you’re not just talking about one million dollars, you’re probably talking about working towards a retirement goal of three million dollars or more, all from passive investment programs, like ROTH-IRA. 5. The ROTH-IRA Checklist

Take one step at a time my friend. Start with passive wealth generation, and then go from there.

Here’s a brief recap-checklist to consider:

a. Clean up your debt. b. Develop a budget, and practice good spending habits. c. Participate and maximize your employers’ 401k program. d. Participate in your employers’ Pension, Savings, and Company Contribution programs. e. Own your own home. f. Contribute into your own ROTH-IRA account. g. Develop other avenues beyond passive wealth-building.

We’ve enjoyed providing this information to you, and we wish you best of luck in your pursuits. Remember to always seek out good advice from those you trust, and never turn your back on your own common sense.

Publisher’s Directions: This article may be freely distributed so long as copyright, author’s information, disclaimer, and an active link (where possible) are included.

Disclaimer: Statements and opinions expressed in articles, reviews and other materials herein are those of authors. While every care has been taken in compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. The author will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.

B.A Bi-Weekly Mortgage can be set-up so that a payment is due every 2 weeks instead of every month (hence, coined term, Bi-Weekly Mortgage), which ultimately amounts to 1 extra payment at end of year...Hardly noticeable in pocket-book, by way.

C.Another similar structure, is to just pay one extra payment, like in December.

D.Another similar structure, is to calculate 13 payments a year, divide by 12, and then pay that amount.

E: Choose one of above. It doesn't matter which. They all are Bi-Weekly Mortgages. They are incredibly affordable. Pull out your trusty calculator and figure it out. Let's say your payment is normally $1000 a month for your mortgage. With added 13th payment combined to prior 12, your payment would only be $1083 a month!

F: So, if you just add that $83, using example above, on each payment, and you just leave your loan way it is...A 30 year, fixed rate loan...Your principle, will be paid down much faster...Your loan will be paid off in 23 year. You will have shaved 7 years off your servitude.

5. ON THE 15 YEAR MORTGAGE:

A: Now, there's more that can be done! There are other options as well. How about paying your loan off in 15 Years, instead of 23 years, or instead of 30 years?

B:The 15 year Mortgage is highly under-rated, and unfortunately, under-used by wealth-building Benjamins, such as yourself.

C:They are surprisingly affordable. If you can commit to idea of paying a little more each month, then you will be committing to independence, freedom, and financial release from lender:

D:As an added plus, this program usually carries an interest rate that's about 1/2% lower than a 30 year fixed.

E:Because you'll be paying this loan off faster, your savings on Interest are HUGE! Example: A $300,000 loan, on a 15 year fixed, at 5.5% APR, will save you $206,289! Is that a smile I see, Mr. Franklin?

F: Your loan is paid off in 15 years...Heck, that's just around corner.

G: Now 15 year loan is not for everybody, and I would say that if you can't afford a 15 year fixed right now, then consider this as a part of your wealth building strategy down road. It is, however, an essential part of your strategy, and something to work towards.

6. CONCLUSIONS:

A: You must get into a loan, in order to work towards getting out of it. This is a necessary evil, that must be reckoned with, if you are going to utilize power of leverage to build passive wealth.

B: And so once you're in this predicament, you must get out. You must speed up your payments, through either an "Accelerated Payments" program, or through a "15 year fixed" program. If you can move towards this, then you are inching even closer to reaching your goal.

C: The bottom line is this: If you are going to be a millionaire, if you are going to be like Benjamin Franklin, then you must “disdain chain”, and you also must become independent and free. You must work towards removing bonds of servitude, and no longer living your life, as a “Slave to Lender”, while at same time, using power of Home Ownership to reach your 21st century goals, and achieve that level of financial freedom that we all strive for.

We’ve enjoyed providing this information to you, and we wish you best of luck in your pursuits. Remember to always seek out good advice from those you trust, and never turn your back on your own common sense. Publisher’s Directions: This article may be freely distributed so long as copyright, author’s information, disclaimer, and an active link (where possible) are included.

Disclaimer: Statements and opinions expressed in articles, reviews and other materials herein are those of authors. While every care has been taken in compilation of this information and every attempt made to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. The author will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within these pages or any information accessed through this site.