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The Trading Floor (Investing, Stocks, Bonds) Discuss investing and investments here! Do your own due diligence before investing. We are not responsible for any advice or recommendations within this forum!

 
 
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Old 10-08-2009, 02:29 PM
Gerald Gerald is offline
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Join Date: May 2009
Location: Lake Charles / Moss Bluff
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Quote:
Originally Posted by LaAngler View Post
what percentage of an average working man's salary should be set aside without cutting into quality of life?

Bruce, I would say that a married guy with children should save at least 6 % of their goss income. Single guy should save 12 %.

Expences that really slow down the retirement savings [House, Vehicle, boat, etc.] should really be well though out. IMO.....most people spend way too much on these major purchase.

Something to think about: What did you spend money on in the past week [or month] that you could have just as easily put that money into savings? An not miss what you spent the money on?
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