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speaker_hat , 1 year ago (edited 1 year ago) The Simple Path to Wealth book has an interesting approach about the savings part of the budget: Spend less than you earn—invest the surplus—avoid debt Try saving and investing 50% of your income. With no debt, this is perfectly doable. The beauty of a high savings rate is twofold: You learn to live on less even as you have more to invest. I also highly recommend reading it.
The Simple Path to Wealth book has an interesting approach about the savings part of the budget:
Spend less than you earn—invest the surplus—avoid debt
Try saving and investing 50% of your income. With no debt, this is perfectly doable.
The beauty of a high savings rate is twofold: You learn to live on less even as you have more to invest.
I also highly recommend reading it.