![]() ![]() ![]() It might be aspirational, and it may feel extreme, but if you can save half of what you make, each year of work buys you one whole year of retirement or vacation. As simple as the idea is, what really brought it home for me was a straightforward formula (I like math, but I really love simple). In blogs and podcasts, today’s FIRE movement (Financial Independence, Retire Early) has recently made strides reviving interest in saving and investing. Clason’s The Richest Man in Babylon, published in 1926 and still popular today. This attitude was expressed very clearly in the simple wisdom that Benjamin Franklin shared: “A penny saved is two pence clear.” We’ve also read the same ideas in one of my favorite books, George S. I strongly believe that everyone should become a successful lifelong investor, and have their money make money for them. START your family fortune by saving half of what you makeĮarn, save, invest – you have probably heard or read this mantra in my book, articles, and talks. If I had only one sheet of paper and could only write down three rules of thumb for starting, building, and keeping a family fortune while living a happy, fulfilling, peaceful life, these would be my choices: I) Save half of what you make, II) Invest in a 60/40 portfolio III) Live by the 4% rule! Ready to hear more?ġ. Easy to share and print PDF: Your Money Manifesto ![]()
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