I guarantee you that you will be rich when you do this.
Pay yourself first. It is a principle that will ensure that no matter what happens to your earning ability, you always stack some aside.
But how much savings do you make. Is it 10%, 20%, 40% or even 50%. 10% couldbe the minimum. And do you calculate the percentage based on your net or gross?
Is there any difference between the two. Obviously you tend to save more when you save on gross than the net.
All of this depends on the level of your income. Your goal is to get your income to a level where you can save at least 40% of your gross income.
This will ensure that you grow your balances rapidly.
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I want to get money
Azure, how is your financial journey so far?