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Has saving for the future become a chore? If so, log on to the Armchair Millionaire (AM) for a different slant on personal money management. Whether you’re a novice with a basic savings account or a semipro with stock shares and a 401(k) plan, AM offers advice on how to increase your long-term savings and achieve your goals.
“The Armchair Millionaire gathers time-tested, wealth-building methods,” says the site’s executive producer, Lewis Schiff. “It combines them into a simple step-by-step savings and investment plan.” Launched six months ago, AM is the result of a partnership between iVillage and Intuit, makers of Quicken, a leading personal finance software product.
AM’s free membership provides access to a variety of resources and includes an e-mail account, electronic newsletter and AM’s chat schedule of upcoming events. Check out the Five Steps to Financial Freedom–the site’s major point of interest. Here, you’ll learn how to “get rich slow” by taking a long-term view of saving and investing.
You can customize your retirement plan and refer to a model portfolio to chart your savings progress. Get advice from real Armchair millionaires in daily chat forums and message boards. Browse through AM Gallery profiles to get tips from other members. Also read reviews of recommended books in the Savings Tip of the Week section.