$2000 IRA
How important is it to your family that you sell $100 per week?
It may be far more important than you've evr imagined! If you only sell enough to profit $2,166 in your Mary Kay business each year and you contribute $2000 to an IRA each year...it will be worth:
$2000 per year for 10 years, at hypothetical rate of 8% = $31,290.97
$2000 per year for 20 years, at hypothetical rate of 8% = $98,845.84
$2000 per year for 45 years, at hypothetical rate of 8% = $834,852.13
Just think, if these were contributions made to a ROTH IRA., the distributions could be tax free! If you figure that on average people pay roughly 1/3 of their income in taxes, that is a huge savings!!!
Your $2000 contribution per year could be the difference between the kind of retirement you dream of, or the kind you struggle through! It is up to you!
To have a $2166 profit per year, you'd only need to sell approximately $85 per week, which is 2 customers a week buying $40 on the PCP program.
IRA maximums this year are $3000 per person if under 50. Age 50 and over is $3500. Why not save the maximum each year!! That would only be selling $116 per week and putting all the profits into an IRA.