The 60% savings rule (Smart Money Clip)
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Get Rich Slowly]
Source: lifehacker.comHow to retire rich
The Motley Fool discusses how to set yourself up for a comfortable - or an "I'm just docking my yacht here to lunch at the country club" - retirement.
You'll find the usual financial advice suspects here, like "pay yourself first," "save your money" and a whole lot about maxing your retirement fund early and often, so nothing too earth-shattering. But for you young'uns who haven't started storing your nuts for a long, wrinkly winter, this is a great primer.
Oh, and the key to that yacht thing? Invest wisely:
To be seriously rich, you cannot worry that your neighbors are suddenly plowing their money into some moonshot company. You must learn to live with people telling you that what you're doing is "extremely risky" when you know the risk is overstated. And most importantly, you have to learn to be wrong on occasion, and recognize that as the cost of floating upstream.
Any lifehackers out there with investing philosophies they'd like to share? Do tell in the comments or to tips at lifehacker.com.
Source: lifehacker.comSavvy Investor - Investment newsletter for everyone The investment strategy has come about through the personal methods of founder Philip Wengier. After personally mentoring and coaching clients over a decade Phil has decided to make the information more accessible to the public. There are over 20 newsletter archived on the website which are designed to be practical in their application to either a complete novice or an experienced trader. If you wish to visit www.saratoga.com.au/safeinvesting to receive a free PDF with the complete first chapter of the Knowledge Base and the contents of the following 11 chapters. In addition to this you will receive several more reports There's also a lot of additional information that will be useful in understanding how well you are doing in the markets.
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