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Do You Want to Be a Millionaire?

Frank Sonnenberg Online

This assumes an 8% rate of return.) In so doing, strive for small, short-term wins. They offer confidence and momentum as you pursue your long-term goals. The next time you face a big challenge, rather than swing for the fence, create ambitious yet achievable short-term milestones — and give it all you’ve got.

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Americans Haven’t Saved Enough for Retirement. What Are We Going to Do About It?

Harvard Business Review

For 401(k)s to be effective, for example, contributions must be made consistently throughout a worker’s career. Even when contributions are made, 401(k)s tend to earn subpar returns on average due to limited investment strategies and high administrative expenses. In practice, people tend to make contributions sporadically.