By Giana
The higher the
percent of savings you put away from your take-home income the sooner you will
be able to retire. If you live on 35% and save the rest (65%) of your take
home-income you can retire in 10 years. That means living on 35% in your
retirement as well. The 65% savings is then invested, growing your savings
exponentially.This takes care of unexpected emergencies.
Making
adjustments to you daily routine such as biking, making coffee at home and
using community resources can add years to your retirement. It isn’t about
making more money but saving the money you do have. Spending all your money as
soon as you make it is pointless, save your money and work less.
I think everyone
should have the opportunity to read this article before they’re 20. It shows a
clear picture on how valuable saving is.
It really is Shockingly Simple.
