Craig S Ruby CPA

Millionaire Mission Mondays – June 10, 2024 (Week 19):

Use a RUBY–TRUST to fully fund your grandchild’s Roth–IRA. Granting just enough principal so that the trust can grow for the first 20 years and then have enough money to contribute the maximum contribution amount each year for your grandchild. Because we know that they will not have available money to do it for themselves in the early years.

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – June 3, 2024 (Week 18):

Use a RUBY–TRUST to fully fund your child’s Roth–IRA. Granting just enough principal so that the trust can contribute the maximum contribution amount each year for your child. Because we know that they will not have available money to do it for themselves in the early years.

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – May 27, 2024 (Week 17):

When we live paycheck to paycheck, we often end up borrowing money and paying interest. We must learn to spend less than we earn and save the rest. We can then follow Ruby’s Rule which says, “Do not pay interest, receive interest instead!”

Learn all of Ruby’s Rules in my book Millionaire Mission.

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – May 20, 2024 (Week 16):

A fully funded Roth IRA for a period of 37 years earning 12% will achieve 3.6 Million Dollars. If you start at age 21 you can retire at age 58 with 80% of your annual investment earnings or $350 Thousand.

Learn all about this in my book Millionaire Mission.

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – May 6, 2024 (Week 14):

With my book Millionaire Mission, you can teach yourself and your loved ones how to manage money.

“Here we are discussing a plan that everyone can achieve if they are properly prepared. We will help them control money when money is tight, respect money once they have it and live generously once they have an abundance.”

Hold on to your money, don’t let it all slip through your fingers. Be wise and keep a portion of your money available. Available to work for you. Remember: “The wise have wealth and luxury, but a fool spends whatever they get.” Proverbs 21:20

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – April 29, 2024 (Week 13):
Cease and desist with credit card usage. You must learn to live within your means!

“It wasn’t long before I started living beyond my means with credit cards. Sears was my favorite. That’s where I was able to get all my tools to do handy work on the apartment, or maintenance on the car. I could buy clothes, if I needed, or purchase home appliances. Now I go to Home Depot, for most of that stuff, but I have learned to limit the number of trips.”

If we are used to living on 110% of our paycheck by using credit cards, it will be exceeding difficult to change our habits, and live on 80% of our paycheck for our spending. While saving 10% and Giving 10%.
You will need to find a way to cut spending by 30% of what you are used to.

You can find out how in my book, “Millionaire Mission.”

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – April 22, 2024 (Week 12):

Get serious about your debt. As a personal financial coach, I have met with many different people and I find the biggest hurdle to eliminating debt is just getting serious about paying it off and not creating any new debt. If you consistently spend more than you take in you will begin to accumulate debt. Usually, it is a costly kind of debt where the interest rate is in double digits. It can sneak up on you if you are not paying attention. Here are some serious steps you can take.
• Be diligent and consistent going forward and only spend what you bring in.
• Account for every penny in and out of your checking account.
• Learn from what you find out about your spending habits and change your behavior.
• Go after paying that debt aggressively. Use the debt snowball method.

You can read more about eliminating debt in chapter 6 of my book, “Millionaire Mission.”

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – April 15, 2024 (Week 11):
Well, it's Tax Day! Seems appropriate to talk about your money. If you are considering a contribution to a traditional IRA, in order to reduce taxes on this Tax Day. Reconsider and contribute to a ROTH-IRA instead. By paying the tax today. You will not have to pay tax later on the contribution as well as the earnings. They are all tax-free after age 59 1/2. If you leave it invested for 30 years you will have a substantial sum of money.

You can read more about Roth-IRA’s in my book, “Millionaire Mission.”

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – April 8, 2024 (Week 10):

If you contribute $500 a month into a Roth-IRA starting at age 21 and it grows at 12% annually for 42 years, then at age 62 (normal retirement age) you will have $6.4 million dollars.

I have to say, I was in shock. In the prior chapter, I discussed my story and how I went from next to nothing to turning my financial situation around and anticipating a retirement income of $50,000. Boy, did I miss the boat! I was even more certain now that I needed to make this happen for all my sons.

You can read more about how I made it happen for my sons in chapter three of my book, “Millionaire Mission.”

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – April 1, 2024 (Week 9):

The Roth-IRA was established in 1997 by the Taxpayer Relief Act. In my opinion, the passing of this bill and the related inflation provisions that followed, opened the door for average Americans to become millionaires. And here is why. You can pay your tax on the income you earned; you would do this anyway. Then you can have this money grow exponentially without paying any tax on its growth.

Read about how many Americans are taking advantage of the Roth-IRA by reading Chapter 3 “Millionaire Mission.”

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – March 25, 2024 (Week 8):
I created this ROTH-IRA Calculator in order to determine how many years I would need to fully fund my son’s Roth IRA in order to reach a million dollars. He was just turning 21 so I used that as the first year and I listed the maximum IRA contribution amount each year. I could see that after 26 years of contributions to the Roth-IRA it reached a Million Dollars.

You can read more about making your kids Millionaires! in chapter two by reading “Millionaire Mission.”

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.

Millionaire Mission Mondays – March 18, 2024 (Week 7):

My first observation is that when I started out as a staff accountant my salary was limited. I remember there not being any money left over for saving. Where I made my first mistake was not paying myself first. Just like most people in their 20’s, I was more concerned with what I thought I needed right now than with what I needed to save for the future.

Learn to pay yourself first. Every time you receive a direct deposit from your employer, move a predetermined amount from your checking account to savings. Then once you have your emergency fund established, move money from savings to your investment account for long term savings.

See my weekly tip every Monday! Millionaire Mission Mondays.

What questions do you have? Email me at [email protected].

Also, check out MillionaireMissionRuby.com for more information.