Young People Not Saving For Retirement

It appears most young people today are NOT saving for reitrement, and of those who are, most invest their money the wrong way (ie in bonds instead of stocks).

- Anne began saving at age 40 and invested in bonds.She has $118,000 at age 65
- Barbara began saving at age 40 and invested in stocks.She has $240,000 at age 65.
- Carol began saving at age 20 and invested in bonds.She has $265,000 at age 65
- Diane began saving at age 20 and invested in stocks.She has $1,128,000 at age 65

See the full article here: http://www.ricedelman.com/planning/kidsncash/generationY.asp

Blog Tag

Tag! You're it! I just became part of a game of "Blog Tag". To participate, I have to post a blog entry with 5 little known facts about myself. My blog is normally not about me; it is about personal finance and how my website, Spending Profile, can help people reach their financial goals. But it's nice to put a human face on technology, at least to show that there is an actual person behind the screen.

So here goes:

1. I was born in Bath. No! Not in a bath, but in the town of Bath in the South of England. Do I have a british accent? No - except when I get angry. I came here when I was 2, but we visited England often since my Dad was in the navy.

2. When I was 3, I came within 12 hours of dying of an apendicitis. They didn't think it was that because it was the youngest case they had ever had. They finally realized, but my appendix had already burst and sent "bad stuff" all over. They cleaned it up and I recovered.

3. I play clarinet in the Ottawa Symphony Orchestra. I studied music at the Quebec Conservatory of Music and graduated "avec grande distinction", although I was so nervous at my final exam I was sure my hair would turn white overnight like Marie Antoinette!

4. I watch Lebanese soap operas! Yes, well, I have a reason: I am learning Arabic. I study soap operas because they use everyday language. I write down every word and translate them to English. I am learning Arabic because a) I love languages, and b) my fiancé is Lebanese, and I need to be able to speak to his relatives when I visit Lebanon!

5. I am an avid scrapbooker. I have a circle of scrapbooking friends, and we go scrapbooking together every week. We each own a scrapbooking cart, which is a suitcase-sized container on wheels that holds all our tools and paper supplies. Scrapbooking is a hot new trend, and we are out to convert people to it - a major success will be when we convert our first MALE scrapbooker!

Hmm. I have to tag other bloggers now:
- Kristina Mausser from Digital World. I saw her give a great presentation at Bar Camp Ottawa on writing for the web.
- Ryan Lowe, who I met briefly at Demo Camp in November, and whose blog I have read.
- Mark Levison, whose tool scrum I checked out, and who has a blog.