3 ms·
I spend much much less what I make (maximum 35%). So every month I save at least 2 more months of living. Over the past 3 years doing it regularly I have enough
by meiraleal 3y ago
I spend much much less what I make (maximum 35%). So every month I save at least 2 more months of living. Over the past 3 years doing it regularly I have enough saved for some 10 years.
- mbm 3y agoNice! Do you expect constant expenses for those 10 years?
- meiraleal 3y agoNot really constant but growing maybe double the inflation? Most of my money is invested in things that pays 2/3x inflation and are quite safe investments. Also I'm not planning on starting taking the money out yet so probably will get to 20 or more years of expenses. Then, just the profits of the money would be enough to pay my expenses.
- mbm 3y agoDo you rigorous budgeting to keep your costs that low?
- meiraleal 3y agoNo, pretty much the opposite but I'm reasonably frugal. Nowadays 1/3 of my income is enough to live well almost everywhere (if not everywhere) in the world. So I focus on 2 things: not spend too much and making more money.