The question of how much a person should save cannot be answered in a few words, for the amount each should save depends upon many conditions, some of which ma be within one;s control and some of which may not be.
A salaried worker should apportion his or her income about as follows.
Savings Account 20%
Necessities 50%
Education 10%
Recreation 10%
Life insurance 10%
100%
The following, however , indicates the approximate distribution that the average person actually makes of their income.
Savings Account 0%
Necessities 60%
Education 0%
Recreation 35%
Life insurance 5%
100%
Careful analysis of 178 men who are known to be successful disclosed the fact that all had failed many times before arriving.
It is no wonder the rich becoming richer and the poor are becoming poorer!
We are all victims of habit.
If you save nothing, you are absolutely sure never to be financially independent, no matter how much your income may be.
You cannot rely upon such a miracle happens to you.
All sales people will do well to remember that no one wants anything that someone else if trying to get rid of.
Think well before you speak because your words may plant the seed of either success or failure in the mind of some other person.
I am thankful for the adversities that have crossed my pathway, for they have taught me tolerance, sympathy, self control, perseverance and some other virtues I might never have known.
A salaried worker should apportion his or her income about as follows.
Savings Account 20%
Necessities 50%
Education 10%
Recreation 10%
Life insurance 10%
100%
The following, however , indicates the approximate distribution that the average person actually makes of their income.
Savings Account 0%
Necessities 60%
Education 0%
Recreation 35%
Life insurance 5%
100%
Careful analysis of 178 men who are known to be successful disclosed the fact that all had failed many times before arriving.
It is no wonder the rich becoming richer and the poor are becoming poorer!
We are all victims of habit.
If you save nothing, you are absolutely sure never to be financially independent, no matter how much your income may be.
You cannot rely upon such a miracle happens to you.
All sales people will do well to remember that no one wants anything that someone else if trying to get rid of.
Think well before you speak because your words may plant the seed of either success or failure in the mind of some other person.
I am thankful for the adversities that have crossed my pathway, for they have taught me tolerance, sympathy, self control, perseverance and some other virtues I might never have known.
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