"For every ten coins thou placest within thy purse take out for use but nine. Thy purse will start to fatten at once and its increasing weight will feel good in thy hand and bring satisfaction to they soul." - Richest Man in Babylon
We are SAVING NOW to build WEALTH and to avoid GOING INTO DEBT LATER!!!
In Money Marching Order 6, we are going to be investing 10% of your income into NON-retirement savings/investing. You will now be out of debt, have 3-6 month emergency fund, savings 10-15% for retirement, and now investing into NON-retirement.
In Money Marching Order 5 (Pension Plus) we are putting 10-15% of your income into retirement savings to cover the L O N G term. Now we want to put 10% into accounts for the short to midterm.
We want to invest that 10%:
Savings Accounts for expenses 1-2 years away2 years and more we want to have our money working for us! Index Funds (S&P500, NASDAQ, etc)Mutual FundsDO NOT RECOMMEND SINGLE STOCKS for more than 5% of total savings.
Invest 10% in this step to cover future expenses:
CarsDown paymentsHome UpgradesVacationsANYTHING
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