Lesson 3: The 4% Rule states that, we can retire when our annual spending is equal to 4% of our total savings. To retire, we should have at least 25 times of our annual spendings as our total saving….
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Similar ideas to The 4% Rule
The four percent rule states that you could withdraw four percent of your principal balance every year and live on this indefinitely. That means you need to save 25 times your annual expenses to become financially independent.
The four percent rule is not perfect. There is no risk-free inv...
The popular 50/30/20 rule states that you should reserve 50 percent of your budget for essentials like rent and food, 30 percent for discretionary spending, and 20 percent for savings.
But it's not that simple. If you're a high earner, you'd be wise to save a larger percentage of your inco...
It is a budget rule to help people reach their financial goals. It states that:
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