http://www.consumerismcommentary.com/2006/12/12/rule-for-building-wealth-use-your-401k/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sun, 21 Mar 2010 00:53:54 +0000 http://wordpress.org/?v=2.9.1 hourly 1 http://www.consumerismcommentary.com/2006/12/12/rule-for-building-wealth-use-your-401k/#comment-83867 Dr. Artfredo C. Abella, New York - USA - UB Fri, 16 Feb 2007 09:09:48 +0000 http://www.consumerismcommentary.com/2006/12/12/rule-for-building-wealth-use-your-401k/#comment-83867 Rule for building wealth simply means " He who has the gold rules." In this way having 401(K) saving plan for investment purposes especially for mutual bond is adhering to the golden rule on how to build wealth. Save, save and save and invest all interest earnings by procuring stock, bonds and treasury bills would enable a person build wealth beyond compare. Save but do not hoard as it is unproductive. Diversify investments to minimize and decrease the probability of investment risk. I always believe that life is a matter of adhering to the natural and scientific law of nature: " The accumulation of wealth attracts more wealth as the proposition and advocacies of poverty attracts more poverty." Rule for building wealth simply means ” He who has the gold rules.” In this way having 401(K) saving plan for investment purposes especially for mutual bond is adhering to the golden rule on how to build wealth. Save, save and save and invest all interest earnings by procuring stock, bonds and treasury bills would enable a person build wealth beyond compare. Save but do not hoard as it is unproductive. Diversify investments to minimize and decrease the probability of investment risk. I always believe that life is a matter of adhering to the natural and scientific law of nature: ” The accumulation of wealth attracts more wealth as the proposition and advocacies of poverty attracts more poverty.”

]]> http://www.consumerismcommentary.com/2006/12/12/rule-for-building-wealth-use-your-401k/#comment-73591 ntguru Tue, 12 Dec 2006 15:46:23 +0000 http://www.consumerismcommentary.com/2006/12/12/rule-for-building-wealth-use-your-401k/#comment-73591 If one is both employed (W-2) and has significant income through an LLC (1099), can LLC income be invested in a solo 401(k)? Unfortunately Roth is not an option due to its income cutoff. If one is both employed (W-2) and has significant income through an LLC (1099), can LLC income be invested in a solo 401(k)? Unfortunately Roth is not an option due to its income cutoff.

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