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Showing posts from April, 2018

How Much Must I Save Monthly From My Income?

When someone asks how much must I save monthly from my income, I reply: "What are your plans?"
That is an important question. Your best savings amount depends on your chosen, medium to long-term ideal savings rate, and your long-term understanding for saving. There are 3 major periods you should take note of:
Less than 1 year See if your short-term savings can take you on a vacation, buy gifts for holiday or settle your taxes.
Less than 10 years You might use this money to buy a new washing machine, fix your car, settle an important insurance deductible, stay afloat when you are moving to another job and make a part payment on a home.

Lifetime Retirement is the most important justification for long-term savings goal.

Let's go back to the original question: How much must I save monthly from my income?

Let's go into details:
1. Retirement 10 - 15% of your income should be considered for saving for retirement. If you are working under somebody, that counts. If your empl…

Here is What Insiders Say About 3 Steps On How To Make Extra Money

A perfect idea on how to make extra money can help you make extra income on the side and limit the effects of losing a job. Find out the 3 steps on how to make money fast when you have come up with a profitable second income idea today. A lot more folks believe that making money on the side means you need a second job like these traditional part-time jobs when this is not supposed to be the case.

A good on the side income idea can even help you make money without having to suffer. (i.e., money that comes to you without having to work hard to make). It’s just a matter of having the correct procedures and being dedicated to building that extra money.

To begin, you need to find that second income idea.
First Step: Look for perfect extra income ideas Often people make this important step way too difficult, usually because they are searching for ways that are smart and different. If that is your plan, that is good, but that is not the first step in itself to make money.

An observation tha…