I'm wondering how many people implement this powerful strategy where you habitually put away a portion of your pay check every month or so to go towards investments?
By pay check I mean any kind of income that lands in your bank account whether you work for someone else or not.
If so, how much do you put away? 10%, 50%?
I have been doing this strategy for a long time and now teaching my kids to put away 50% of whatever money they get. One they know that 50% is put away then they can spend the rest of it - they tell me it feels so much better doing it this way.
Anyone else have a similar strategy that works for them?
By pay check I mean any kind of income that lands in your bank account whether you work for someone else or not.
If so, how much do you put away? 10%, 50%?
I have been doing this strategy for a long time and now teaching my kids to put away 50% of whatever money they get. One they know that 50% is put away then they can spend the rest of it - they tell me it feels so much better doing it this way.
Anyone else have a similar strategy that works for them?