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Imagine your life without excuses—how unstoppable would you be?
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Similar ideas to 7. Master Finances
Develop a financial strategy that prioritizes long-term stability over short-term indulgences. Save and invest wisely to secure your financial future.
This method suggests that you allocate 70 percent of your income to expenses, 20 percent to savings, and the remaining 10 percent to debt.
70:20:10 may work for someone with a healthy emergency fund and minimal debt.
How long it will take you to amass 25 times your income is based on the percentage of your income you save.
When you save 20 percent of your income, assuming a five percent average annual return, you'll hit 25 times your yearly income in just over 40 years.
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