tag:blogger.com,1999:blog-31350666.post7310531198810578710..comments2024-03-12T18:10:53.002+11:00Comments on Enough Wealth: The Millionaire Baby Next Doorenoughwealth@yahoo.comhttp://www.blogger.com/profile/09371028394685288035noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-31350666.post-28602165398110889282007-12-21T07:42:00.000+11:002007-12-21T07:42:00.000+11:00You could also use the baby bonus as a starter fun...You could also use the baby bonus as a starter fund too no doubt?<BR/><BR/>Assuming it's an Aussie baby of course! :-)Debt Dieterhttps://www.blogger.com/profile/11649389379384846763noreply@blogger.comtag:blogger.com,1999:blog-31350666.post-51710584895158645602007-12-20T21:56:00.000+11:002007-12-20T21:56:00.000+11:00good point minimum...The only problem is that when...good point minimum...<BR/><BR/>The only problem is that when he is age 68, one million will be enough to pay for a nice two week vacation abroad because of inflation. If instead you used $2.00 per day and compounded at 10% you would come up with 2,800,000 - but inflation will still be an issue to deal with.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-31350666.post-71381487567955436892007-12-20T21:01:00.000+11:002007-12-20T21:01:00.000+11:00Here's a more leisurely approach which produces a ...Here's a more leisurely approach which produces a somewhat similar result.<BR/><BR/>Starting at birth, Dad invests $1 per day ($30/month). When John is able to earn his own money, John takes over the monthly contributions. (There will be a transition period during which the child will be able to earn something but not $30; Dad will continue to contribute enough to bring the total investment to Anonymousnoreply@blogger.com