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The #1 impact for financial success

February 21st, 2007 at 10:28 am

Be good at what you do. Most people which are financially successful are not successful simply because they saved and/or invested.

They are good at what they do, first and foremost. They then take a portion of what they make and set it aside.

My suggestion is to save 10% into a 401k or similar plan. This makes retirement savings easier (you will need less because you trained yourself to live on less).

If you can save more than 10%, GREAT, but any realistic savings plan needs to account for at least 10% of gross pay.

The more you make, the higher this percentage needs to be, 10% is the base amount for starters.

1 Responses to “The #1 impact for financial success”

  1. monkeymama Says:

    Welcome to the blogs. I agree - be good at what you do (and like it) and the rest should follow.

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