moonchild
VIP Contributor
Saving for your future is no joke. If you want to retire young and rich, you've got to start making some serious moves today not tomorrow, in this post we will talk about how to make it possible.
You need to start making saving a habit. saving is not something you do when you feel like it, it's a non-negotiable part of your financial plan. so, commit to saving at least 20% of your income every month. and if you can't swing 20% just yet, start with 10% and work your way up. snd don't even think about touching that money unless it's an absolute emergency even at that get an insurance to pay some for you, to save enough for your retirement must be your priority, if you do not want to end up like most old people nowadays, they are retired but they are still going to work because they do not make enough to sustain them.
And If you can't save 20% of my income, because you have bills to pay, well, t's time to take a hard look at your expenses. and cut down on it drastically, our motivation should be the financial freedom you will gain once you saved enough.
you also need to be smart about how you invest your money. don't just throw it into the first investment opportunity that comes your way. and most of the times you are even better off investing in yourself rather than putting your money in an investment you do not know, go and buy books, invest in your looks and make a well rounded person, then learn how to be patient. building your saving reserve takes time cannot be done in a minute or month, might take you years, so keep trudging until you have save enough to live free.
You need to start making saving a habit. saving is not something you do when you feel like it, it's a non-negotiable part of your financial plan. so, commit to saving at least 20% of your income every month. and if you can't swing 20% just yet, start with 10% and work your way up. snd don't even think about touching that money unless it's an absolute emergency even at that get an insurance to pay some for you, to save enough for your retirement must be your priority, if you do not want to end up like most old people nowadays, they are retired but they are still going to work because they do not make enough to sustain them.
And If you can't save 20% of my income, because you have bills to pay, well, t's time to take a hard look at your expenses. and cut down on it drastically, our motivation should be the financial freedom you will gain once you saved enough.
you also need to be smart about how you invest your money. don't just throw it into the first investment opportunity that comes your way. and most of the times you are even better off investing in yourself rather than putting your money in an investment you do not know, go and buy books, invest in your looks and make a well rounded person, then learn how to be patient. building your saving reserve takes time cannot be done in a minute or month, might take you years, so keep trudging until you have save enough to live free.