Going through my Facebook feed, I came across a post that asked “Who here puts 15% towards their retirement accounts? We try, but it is an ideal and goal.”
There were a couple assumptions that would go along with the numbers that we need to consider.
Pay Yourself First
The way this works is you determine how much you want to save, automate it into a savings account or retirement account before it hits your bank account, and then you can spend the rest.
People may say “How can you save more than 15% of your pay?” It is time to cut expenses.
It is time to build wealth with lazy portfolios.
Delaying Gratification for the win.
Why Do the Rich Keep Getting Richer?