๐๐๐ญ๐ก๐ข๐ง๐ค๐ข๐ง๐ ๐ญ๐ก๐ ๐๐% ๐๐๐ฏ๐ข๐ง๐ ๐ฌ - ๐๐ฎ๐ฅ๐ ๐จ๐ ๐๐ฎ๐ฆ๐, ๐ ๐ฆ๐๐๐ง๐ญ ๐๐ก๐ฎ๐ฆ๐! ๐คญ
Many financial gurus or financial planners advocate this 10% savings rule, but let’s scrutinize the numbers and consider the implications for our financial future.
Picture of “Saving Rates” versus “Years to Retire”. It is important to note that it is not the amount you make as income but the GAP between the Income and expenses. We called it SAVING RATES. The Higher it is, the faster you will get to your goals.
Some food for thought during your exciting working hours.
My question to you Today is:ย What % of your incomeย ๐ฐย are you putting asideย (hope you are paying yourself first by now) into savings and/or investing? 10%? 30%? 50%? None? ๐ง
Look at the picture below and tell me what you think?!
๐ฐ ๐๐๐๐ฌ๐จ๐งย #๐:
With the 10% rule,ย you need 51 Years to retire!ย Yes, seriously! And these number assumes your money is working at a 6% Return on your Investments after inflation. If you let your money enjoy the bankโs air conditioning, then, you would be the one that will need to sweat till… โforeverโ๐ฐ๏ธ
๐ ๐๐๐๐ฌ๐จ๐งย #๐:
The ROI Reality Check Sure, your money is chillin’ in a bank, but is that really making it grow? With high inflation rates, we need to make an additional effort to make our money work harder for us, and not us for it, toย gain at least 6% returnsย after tax and inflation adjustment. ๐ธ
โณ ๐๐๐๐ฌ๐จ๐งย #๐:
Thanks to technology, life’s span will be extended further. Butย can your savings keep groovingย for an extra 30 or 40 years after retirement? Let’s ensure our financial dance floor stays lit long into the night. ๐
๐ฎ ๐
๐ข๐ง๐๐ฅ๐:
The Success Formula Unveiled
๐ ๐ข๐ง๐๐ง๐๐ข๐๐ฅ ๐๐ซ๐๐๐๐จ๐ฆ = ๐๐๐ฏ๐ข๐ง๐ ๐ฌ ๐๐๐ญ๐๐ฌ ๐ฑ ๐๐๐ญ๐ฎ๐ซ๐ง ๐จ๐ง ๐๐ง๐ฏ๐๐ฌ๐ญ๐ฆ๐๐ง๐ญ.
The higher you rev those engines, the faster you’ll rocket to your dreams. ๐
๐ก ๐๐๐: What can you do today to increase your saving rates and also your Return on Investments?
It is important to remember that it is not the amount you make as income but the GAP between the Income and expenses. We called it SAVING RATES. The higher it is, the faster you will get to your goals.
It’s time to define your financial destiny, one bold decision at a time!!!
With Love and Compassion,
Diego