If you start saving and investing early on, becoming a millionaire might not be as hard as you think. If you're putting away $415 a month starting in your 20s, $651 a month starting in your 30s or $1,300 starting in your 40s, and getting a 6 percent return on your investment, you're on the right track to hit that milestone by 67. If you're starting from scratch with zero savings, you need to save $2,200 a month to become a millionaire by March 2037.
Sears Holdings Corp reported its first quarterly profit in nearly two years, sending shares soaring by as much as 20% Thursday morning. Sears Chief Financial Officer Robert Rieckert directly attributed the company's net income, which totaled $244 million for the quarter, to the Craftsman sale. Back out the sale, and Sears losses deepened.
One of the simplest ways to boost your earning potential is to ask for a raise, yet most people don't do it. According to new research from recruiting software company Jobvite, "only 29 percent of job seekers negotiated their salary at their current or most recent job," meaning 71 percent of employees could be missing out on a fatter paycheck. After all, negotiating works: 84 percent of those confident enough to ask for higher pay succeed in getting it, Jobvite reports. Plus, in about a fifth of cases, negotiators were rewarded with a significant pay increase of 11 to 20 percent. But lots of people simply aren't comfortable asking for more money, Jobvite finds: 56 percent of men overall feel