“To invest successfully over a lifetime does not require a stratospheric IQ, unusual business insight, or inside information. What’s needed is a sound intellectual framework for decisions and the ability to keep emotions from corroding that framework.”
~ Warren Buffett
How much should I be saving?
“To prepare for the future, let’s start the conversation with saving 10% of your income for future consumption. In other words, if you are making $100,000 a year, you should be thinking about saving $10,000 a year. (…)
I know that level of savings may sound unrealistic, but trust me on this. For most people, living on 90% of your income will not be that different than spending it all. You will, however, inevitably notice a difference in your standard of living if you spend 100% of your income now and save nothing for the future.”
Brad Brain_ How much should I be saving_ _ Alaska Highway News
Posted in All Columns, Money Management