| json_metadata | "{"app":"Musing","appTags":["Finance"],"appCategory":"Finance","appBody":"<p>Learn to save for your future.</p>\n<p> Pay yourself first.</p>\n<p>In the book <em>The Wealthy Barber</em> by Canadian David Chilton he offers some very sage advice. The book is told as a story of a barber who cuts hair, talks to his customers, is not an extravagant man but is in reality very wealthy. When asked how he did it he answered:</p>\n<p>Pay yourself first. By this he meant take 10% of your income and put it in savings. Then with the remaining 90% of your income, live your life. Only buy the house you can afford with 90%, the car, the vacation, etc.</p>\n<p>Never touch that 10%, that is to pay yourself with later (retirement).</p>\n<p>I have been following this advice since the late 80's when the book first came out and it is the one rule I have never broken nor will I. 10% of everything I earn, whether it be fiat, crypto or any other form of monetary gain, 10% is always put away.</p>\n<p>For anyone in their 20s looking to invest for their future I highly recommend this book and his followup books. They can change your life.</p>","appDepth":2,"appParentPermlink":"p3h8vsh75","appParentAuthor":"asoebilambo","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
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