In the beginning, focus the vast majority of your effort on boosting your income & savings rate
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10 critical investing lessons I wish I could teach my younger self
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I've been investing for 18+ years I've made TONS of mistakes along the way here are 10 critical investing lessons I wish I could teach my younger self:
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Building wealth has little to do with your income or investment returns and more to do with your savings rate. The value of wealth is relative to what you need. A high savings rate means having lower expenses than you otherwise could, and having lower expenses means your savings ...
Finally, try to allocate 20% of your net income to savings and investments. This includes adding money to an emergency fund in a bank savings account, making IRA contributions to a
Savings = Income - Expenditure, i.e. increase your income & decrease your expenditure to increase savings.
Follow budgeting principle:
Smart ways to save more:
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