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An article at <A HREF="http://moneycentral.msn.com/content/RetirementandWills/P118076.asp?GT1=6584">msn.com</A> argues that is isn't how much you save that will determine how rich you become, but where you decide to buy your house.
According to the article:
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<i>The biggest influence on our financial health isn't how much we save. Nor is it the funds we choose in our 401(k) plans. It is our ZIP code -- where we buy and own a house. Pick the right area, and your future is golden. Pick the wrong area, and you'll always be behind the folks who happened to buy in the right place. As you will soon see, no matter where you live, it is likely to be more important than your 401(k) plan...
One odd side effect is that people in some parts of the country are becoming much richer than people in other parts of the country not because of the work they do, the income they earn or the investments they make -- but because of where they live...</i>
According to the article:
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<center><script type="text/javascript"src="http://pagead2.googlesyndication.com/pagead/show_ads.js"></script></center>
<i>The biggest influence on our financial health isn't how much we save. Nor is it the funds we choose in our 401(k) plans. It is our ZIP code -- where we buy and own a house. Pick the right area, and your future is golden. Pick the wrong area, and you'll always be behind the folks who happened to buy in the right place. As you will soon see, no matter where you live, it is likely to be more important than your 401(k) plan...
One odd side effect is that people in some parts of the country are becoming much richer than people in other parts of the country not because of the work they do, the income they earn or the investments they make -- but because of where they live...</i>
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