Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Stuff we've all heard before but still good
Old 02-17-2011, 08:25 AM   #1
Recycles dryer sheets
Join Date: Apr 2005
Posts: 308
Stuff we've all heard before but still good

No Substitute For Saving - Megan McArdle - Business - The Atlantic

should be targeting a savings rate in the range of 20-25% of income, more if they can manage it. Since this is approximately five times what the average American household is saving, this notion is likely to be met with fierce resistance by readers who can name an endless list of claims on their income: mortgage, utilities, car, kids' activities, clothes, visits home to see the family . . .

But as Felix points out, you have to assume that you're not going to see 8-10% return on any of your assets: not your house, not your stock market portfolio, not your wages

Whatever you do will be insignificant, but it is very important that you do it.
mickj is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 02-17-2011, 03:52 PM   #2
Recycles dryer sheets
popowich's Avatar
Join Date: Jun 2008
Location: Rochester
Posts: 84
I put away around 25%. An easy way to get there is to put over 50% of your raises into your company 401K (or other savings if you don't have that) while maxing your IRA contributions and contributing to other savings (stocks/cash/whatever)
popowich is offline   Reply With Quote

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Similar Threads
Thread Thread Starter Forum Replies Last Post
Stuff. Weirdest stuff? Oldest stuff? M Paquette Other topics 43 09-27-2009 02:20 PM
Anyone heard of this? philo FIRE and Money 10 03-17-2008 07:59 PM
Bragging about work stuff - SS Disability-good result! Fireup2020 Other topics 7 05-27-2007 09:30 AM
Good basic stuff from Vanguard mickeyd FIRE and Money 4 12-27-2006 08:18 PM
Getting Rid Of (Good) Stuff yakers Life after FIRE 62 07-05-2005 05:14 AM


All times are GMT -6. The time now is 05:53 PM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2018, vBulletin Solutions, Inc.