In addition, often times, breathing room from tax savings, is just enough to get you out of survival-mode. It happens to many of us. We start thinking about saving, rather than spending, and we start thinking about future, rather than just getting through today.

Thing 5, Equity. Huge deal here.

You have to understand that money you are already spending on rent, can be re-routed towards a home mortage.

So, if you spend $1,000 a month on rent, and then restructure your lifestyle so that you own a home, and spend $1,000 a month on a piece of property worth, let's say, $250,000, for example, and that piece of property appreciates 10% a year...How long will it take you to become a millionaire?

Get your trusty calculator out and learn how to crunch this number, because you are much closer then you realize. I come up with $1,263,617.57 in 17 years. Now, that's over One Million Dollars Equity in 17 years, just by re-routing rent money that you already spend! It is effortless.

It requires no additional activity on your part. Just keep going to work, bringing home your income, and paying your mortgage. In 17 years, you will be a millionaire.

Furthermore, there are variables in this equation that can make this happen even sooner. For example, you could live in a metropolitan area with a much higher appreciation rate.

Last year, our homes in Sacramento area appreciated at 15.5%. Now, there's no reason you couldn't live here, or maybe you already live in a high appreciation metropolitan area. Maybe you don't want to. You don't have to.

The point is, that if you wanted to speed up this process of getting to a million dollars through passive investment of your residential home equity...You could....

Or, like I said, you don't have to. Just buy a home, and you'll get there in 17 years or less.

Thing 6, King of your Castle:

Now, thing 6 doesn't necessarily award you a faster route to a million dollars, but what it does do is ensure that you have peace of mind, happiness, and balance in your life.

With joy of home ownership comes it's own reward, and that will ensure that you won't just want to get up and bail out on your investment because you're miserable.

You won't be miserable if you buy home of your dreams, and if you live in a place you love, place you call yours, place that is steadily growing equity, and tax benefits, and wealth.

This is place where you are in total control of your life. This is place where you are king of your castle.

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.

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.