HOW MUCH DO I SAVE TO BE RICH!!!?
Ok am 25 and working full time at a local warehouse,pay is good but i have so much bills piled.am currently taking care of my mistakes with credit cards and unnecessary spending. Wondering how much i will have to put aside or save weekly or monthly if i want to be rich and retire young confidently when it comes to finances.
Public Comments
- ur aren't going to be rich! :P jk. I really dont know, probably just save generally alot of money. Its better to save too much than too little. :)
- You will have to save several thousand dollars a week, if not several thousand dollars a day. Anything less and your bills will wipe you out.
- i guess its not how much you save but how you spent your earnings...get a very good financial advisors.
- Hello! I was in the same situation as you. I joined http://www.doingdollars.com to earn extra money in my spare time and I set that aside each time I get paid. It has really helped me out with emergencies and my savings account has really grown!
- 'Rich' is subjective, what considered rich to you might not be considered so to others. Just saving money on a monthly basis is a poor way to build up cash, you would be better investing it, so look at the options available to you,and invest your money in that. Interest rates are too low to bother with just cash savings, buy something that will hold, or increase in value, like art or property....once this adjustment is over (I hate that term)
- There are NO 'magic numbers'. Spend LESS than you earn and you will eventually accumulate wealth. Spend MORE than you earn and you accumulate debt. The larger the difference, the faster the process.
