The 60% Savings and Investments Rule..!
The ex- editor in chief of MSN Money, Mr. Richard
Jenkins, said the best way for him to come out ahead at the end of the month
financially is to only spend 60% of his income.
Socking away 40% of your income into retirement &
savings seems like a HUGE chunk of change to miss out on in your regular
spending. But, Mr. Richard Jenkins says if the 60% rule seems impossible, you
are probably in a lifestyle situation that needs to change.
You have a more expensive home than you can afford.
You have committed to car or / boat payments that are
larger than you can afford.
Your children are in a private school that you can not
really afford.
There's just a big, ugly gap between your income &
your lifestyle.
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