The Carr Report: You said I’ll be a millionaire by the time I retire

Hi Damon. I’m not sure if you remem­ber me. You helped me put together a financial plan a couple of years ago. I can’t say that I followed it to the letter, but I have implemented many of your ideas. I follow you on Facebook. I’m also an avid reader of your column. I believe in your advice and the principles you teach. There is one thing you told me during our coaching session that I’m having a hard time grasping. You told me that if I follow the advice you shared with me, I will retire a millionaire. I was recently looking at my 401(k) statement. My current balance is ap­proximately $24,000. As much as I believe in your advice, I don’t see how this $24,000 will turn into $1 million by the time I retire. I’m currently a single mom with three children. I’m 42 years old. I plan on retiring at age 65. Please explain why you think I can retire as a millionaire? ~ Marie Damon Here: Of course I remember you. I think your story is inspiring. Thank you for trusting me enough to work with me. Thank you for reading my column and following...