You’ve worked hard for this, and the day is finally here: You’re getting your first paycheck reflecting the raise you successfully negotiated. But as anyone who’s ever received a windfall can tell you, money has this tendency to disappear on you. One day, you’re looking at your newly flush bank…
Do you remember that time Suze Orman said we should take all the money we’re “peeing down the drain” on coffee and invest it instead? You could take the $US100 ($149) a month you spend on coffee, she said (yelled? I think she yelled) and end up with a million…
One million dollars sounds like a hell of a lot of money, but when it comes to retirement, it might not take you as far as you think. The Wall Street Journal refers to this perspective as “the illusion of wealth”. Here’s what it means.