Tom gets into a recent tweet by radio personality Dave Ramsey. He claims that saving a million dollars for retirement is feasible, and in fact simple. The main message of his tweet was to save more money!

1. Mullooly Asset Management Podcast
February 13, 2013
Mullooly Asset Management February 2013

2. Dave Ramsey
Recent tweet created a stir:
Split people in “Dave Ramsey Lovers” and “Dave
Ramsey Haters”
Mullooly Asset Management February 2013

3. Ramsey’s Message
Get out of debt fast
Start saving
Never stop saving (pay yourself!)
Very few even have a $1000 emergency fund
Ramsey: "[I use this formula] to encourage you to save...
to encourage you to be an investor. ...it was a
mathematical formula showing that if you save
money over time, you'll have some."
Mullooly Asset Management February 2013

4. Problems
Tough to find anything returning 12% per year for 40
years
No idea of how much things will cost in the future
(we only know it will be more)
Mullooly Asset Management February 2013

5. No Savings Account?
According to Business Insider, roughly 30% of
American families have NO SAVINGS ACCOUNT
Corporation for Enterprise Development says nearly
half of US households (about 132 million) would not
last three months if faced with issues like
unemployment, natural disaster, or medical
emergency.
Mullooly Asset Management February 2013

6. None of the securities mentioned in this (or any) podcast or
video represent past specific recommendations of Mullooly
Asset Management.
This video is NOT a recommendation to buy or sell any of
the securities mentioned here.
If you’re relying on a podcast for investment advice, you are
likely making a huge mistake.
We strongly urge our listeners to consult with their
investment advisor before they make a decision to buy or
sell any investment.
Mullooly Asset Management February 2013

7. Mullooly Asset Management, LLC
support (at) mullooly (dot) net
732-223-9000
www.mullooly.net
Mullooly Asset Management February 2013