We manage to save about 85% of the profits we make. Besides our costs of living and some trips here and there we save and invest the rest
I told myself many years ago that once I was done in adult I would never have to work another day in my life. I see alot of guys blowing everything they have on expensive toys. It's important to put your money to work for you
We manage to save about 85% of the profits we make. Besides our costs of living and some trips here and there we save and invest the rest
I told myself many years ago that once I was done in adult I would never have to work another day in my life. I see alot of guys blowing everything they have on expensive toys. It's important to put your money to work for you
I totally agree with you.. i see alot of people blowing all there money trying to act rich!!
15k a year might not seem like a lot to most people here but I think that's great for my needs. If I can save 25 k a year which is my goal I'll be able to buy a house in about 3 years from now.
We're saving by putting extra money into our home loan, which we can redraw if we ever need it in the future. It's conceptually the same as a savings account paying 6.82% p/a, but the effective return is higher because it's a reduction in interest charged, rather than interest income (which would be taxed).
So far we've got about 4% of the total value of our home loan sitting in the account as excess funds. Not bad considering our loan was fully drawn only 5 months ago.
Comment