Top 3 Book Lessi - Deepstash

Top 3 Book Lessi

  1. Instead of saving a fixed percentage of your income, save more when you earn more and less when you make less.
  2. The best way to save more is to earn more, not cut expenses to the point of being miserable.
  3. The real question money forces us to answer is what’s important to us in life.

Ready to overhaul some outdated financial knowledge? Let’s see what’s behind the idea to “just keep buying!”

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tomjoad

Introverted Extravert

Just Keep Buying - Book Summary

The idea is part of this collection:

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The habit of saving more

The key to the habit of saving is to save a bigger percentage the more you earn. When you start, you may only be able to save 10% of your income, but it is a mistake to commit to the same amount if you earn more.

However, it's a losing game to only focus on saving money. L...

Focus on percentage of income saved, not the dollar amount

Focus on percentage of income saved, not the dollar amount

Over the long term, it's not as much about the dollar amount you save, but the percentage of your income that you dedicate to saving and investing. By focusing on percentages, you can ensure you're always saving more as you earn more. 

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