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For the first time in years, Kerry was forced to take a long, hard look at her bleak financial situation. Jean flew to St. Louis to meet with Kerry and help her start rebuilding from the ground up.
Before Jean arrived, Kerry had $60 in her checking account, $49 in her savings and had been borrowing from family members to get by. She was also forced to move out of her 3,000 square-foot dream home.
Still, Jean says there's a bright side—it's not too late for Kerry to start again. Finding a job is top priority, Jean says. Kerry says she needs a minimum of $2,000 a month to support herself. Jean figured that Kerry needs to find a job in which she will be able to earn $3,800 a month before taxes to support herself and start saving.
Get the four simple steps that Jean says can help anyone get richer.
Of that $3,800, Jean says Kerry needs to start saving $1,000 each month for retirement. If Kerry invests that money for 20 years, Jean says she can have more than $600,000 at retirement! "It's not too late for you," Jean says. "You can do this."
Before Jean arrived, Kerry had $60 in her checking account, $49 in her savings and had been borrowing from family members to get by. She was also forced to move out of her 3,000 square-foot dream home.
Still, Jean says there's a bright side—it's not too late for Kerry to start again. Finding a job is top priority, Jean says. Kerry says she needs a minimum of $2,000 a month to support herself. Jean figured that Kerry needs to find a job in which she will be able to earn $3,800 a month before taxes to support herself and start saving.
Get the four simple steps that Jean says can help anyone get richer.
Of that $3,800, Jean says Kerry needs to start saving $1,000 each month for retirement. If Kerry invests that money for 20 years, Jean says she can have more than $600,000 at retirement! "It's not too late for you," Jean says. "You can do this."
Please note: This is general information and is not intended to be legal advice. You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action. Harpo Productions, Inc. and its affiliated companies and entities is not responsible for any losses, damages or claims that may result from your financial or legal decisions.
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From The Oprah Winfrey Show This is the Year to Get Richer!
