A realistic goal of retiring at age 65 with a personal net worth in excess of
$2 million can be accomplished by several methods. An independent
study ranked the probability of success of the following methods of
personal wealth accumulation. Discuss and decide the ranking order of
the following five methods.
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a. Purchase as many lottery tickets as possible with money saved from
salary.
b. Place money saved from salary in a bank savings account.
c. Place all money saved from a salary in a money market account.
d. Invest saved money into rental properties and spend evenings,
weekends, and vacations repairing and managing.
e. Invest all money saved into stock market securities, and study
investments 10 to 15 hours per week.