Invest for income
02 February 2015
Saving is rather like trying to lose weight; it takes effort and willpower, and is entirely up to you. People often ask me how much of their annual income they should save. I tell them thirty percent, and then they will be fine in those latter years and will have a little extra for unexpected expenses. The response is invariably “that’s impossible”. I remind them that saving is about adjusting lifestyle now so that you are not forced to do so at some time in the future.