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10% Rule: Why Saving 10% Isn’t Enough?
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[QUOTE="Yusra3, post: 282505, member: 31907"] The 10% rule is a popular way to save money. But if you're looking for true financial independence, you need to save at least 20%. The idea behind the 10% rule is that you can save 10% of your income and still have enough left over to cover basic expenses. It's easy to see why this would be appealing after all, who doesn't want more money? However, it's important to remember that this is not the only way to get there. You might be able to get by with saving 10% of your income and still having enough left over to cover basic expenses but if you want true financial independence, you need to be saving at least 20%, or even 30%, or 40%. And once you start saving that much money every month, it will seem like a breeze! [/QUOTE]
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10% Rule: Why Saving 10% Isn’t Enough?
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