Quote:
Originally Posted by Mosaud1998
Jesus 19-24% is alot. Basically no take home money  |
Best shot at becoming a millionaire and REALLY enjoying life in your later years is to stash away all the money in your 20s so you don't get used to spending it. Plus, that gives the money the most years to grow.
I just hit 41 years old now and loving that my wife and saved roughly 25% to 35% of our gross income for the past 18 years. Best decisions we ever made.
Now that we are reducing our saving to only 15% of our gross income, it feels like we have soooo much money because that extra 10% is now just total spending money every paycheck.