| How much money should you have saved in order to feel comfo |
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Pro48
New Member
Cash: $ 0.80
Posts: 4
Joined: 08 Mar 2012
Location: Midwest
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you're net worth should be (Annual Salary x age divided by 10)
Sample
41 Yr old, 40,000 annual salary = 1,640,000 divided by 10 = $164,000.00
emergency fund should be the total amount needed for monthly expenses x 4, 6, or 8 months. Time is determined by how stable you income is!
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Thu May 10, 2012 2:59 pm |
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bagsion
Full Member
Cash: $ 11.05
Posts: 53
Joined: 08 Mar 2012
Location: Hong Kong
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About 30-40% of my monthly salary, the other i use to increase my life style.
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Thu May 31, 2012 4:04 pm |
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Pro48
New Member
Cash: $ 0.80
Posts: 4
Joined: 08 Mar 2012
Location: Midwest
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If you are investeted in the TSP you should be putting at least 5% to the the full government match. As I am getting close to retirement, I'm putting in 22%.
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Thu May 31, 2012 4:16 pm |
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Easy Auto Refinance
New Poster
Cash: $ 0.40
Posts: 2
Joined: 04 Nov 2022
Location: Muncie Indiana
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| saving money on every purchase helps in the long run |
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You can make smart investments in all of your purchases. Example, when you are car shopping you should consider which car company has the best warranty. Good read: https://www.chrysler-factory-warranty.com/best-car-company-warranty/ This will allow you to save more money in the long run and give you more opportunity for investing. Most people are living to reactive to even begin to think about investing. If this is you start thinking about every purchase you have to make as an investment. Then figure out the smartest route.
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Sat Mar 04, 2023 9:46 pm |
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