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IN THIS ISSUE: 
Personal Money Planning's Newsletter
April 23, 2016
Hello! Thanks for taking a few moments to check out our e-newsletter. This time, I share a few tips about becoming a millionaire, my most recent articles, and the Monthly Market Monitor. We wrap it up with a little bit of fairy controversy.

Have a great week! 

Gary Silverman, CFP®
Soapbox
The Soapbox
Become a Millionaire for only $9 a day!
Gary Silverman caricature Chances are, you know that it takes steady savings to accumulate wealth. A recent article in Business Insider actually calculated how much you'd have to invest each day in order to become a millionaire.

Suppose your investments earn an average 7% yearly return, and you want to have $1 million by the age of 65. At age 20, you'd have to invest just $9 a day to achieve your goal-which really makes you rethink the cost of a cappuccino grande and a bagel at Starbucks every morning (typically over $10). If you start at age 25, then 12 dollars a day would do the trick. At age 30, your required daily investment goes up to $18, and it stays manageable even at age 35: $27 a day.

Of course, the longer you wait, the more you're going to have to save. At age 55, your required investment has risen to $189 a day. If you've waited that long, let's hope you have an enormous income to help you catch up.
Articles
Gary's Latest Articles
From the Times Record News
The Whipsaw 
Gary continues his look at the last 15 years in investing. The market hasn't been consistently flat or down, rather it's been a whipsaw market. Read more...

The Average 
If you look at only averages, you'll just get depressed. And that may convince you to make decisions on what "could" happen, not what will (which, of course, nobody knows) Read more...
Money101
Money 101:
Monthly Market Monitor
glasses-lady-stare.jpgWhat's happening with equities? See page 15. What about corporate bonds? Start with page 9. That and more in this installment of the Monthly Market Monitor from the folks at Eaton Vance. Take a look...
Final
Final Thought
pillows.jpg Killing off the tooth fairy 

It's controversial, yes, but would putting the end to the tooth fairy mean giving kids the gift of realistic expectations about money? A Financial Times writer thought so, and, boy, did she get some feedback. Read more here...
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