Ebook83 pages33 minutes
Increase Your Savings Rate: It Determines When You Can Retire: Financial Freedom, #98
By Joshua King
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About this ebook
When do you want to retire? Do you want to work until age 66? Most people nowadays do not want to work this late into life.
But how can you retire earlier? What is the strategy to get from point A to point R (retirement)?
It starts and ends with your savings rate. The more money you get into your investments, the faster your cash can compound and grow.
Increasing your savings rate is easy; however, acquiring the proper mindset is challenging for the average person.
You cannot do the same things and believe your savings rate will improve. It will take drastic measures to see dramatic results. Good Luck!
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Increase Your Savings Rate - Joshua King
Table of Contents
MILITARY FAMILY INVESTING | Joshua King | Home of the Free PDF
Increase Your Savings Rate
Monthly Dividend Tracker Template: Buy on Etsy
All Right Reserved Military Family Investing | 01 Increase Your Savings Rate
02 No Freakin’ Way I Am Working Another 25 Years
03 Financial Independence Remain Employed
04 Unscripted: The Great Rat Race Escape
05 Emergency Escape: Build a High-Yield Emergency Fund
06 It’s Raining Money: How Dividends Can Change Your Life
07 The Golden Handcuffs of Lifestyle Inflation
08 All Your Worth
09 What is Passive Income?
10 Passive Income Road Trip #7: Automated Business
Try Something New -Free PDF Download
MILITARY FAMILY INVESTING
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Also By Joshua King
MILITARY FAMILY INVESTING
Joshua King
Home of the Free PDF
www.militaryfamilyinvesting.com
Increase Your Savings Rate
It Determines When You Can Retire
01 Increase Your Savings Rate
02 No Freakin’ Way I Am Working Another 25 Years
03 Financial Independence Remain Employed
04 Unscripted: The Great Rat Race Escape
05 Emergency Escape: Build a High-Yield Emergency Fund
06 It’s Raining Money: How Dividends Can Change Your Life
07 The Golden Handcuffs of Lifestyle Inflation
08 All Your Worth
09 What is Passive Income?
10 Passive Income Road Trip #7: Automated Business
Free PDF Download
1) PDF of the Month: Don’t Gamble with Retirement 9 (Free 394-Page PDF)
2) Free PDF Downloads: Download FREE PDF LIST here
3) Financial Mindset: Become CEO of Yourself 2 (Free 196-Page PDF)
4) Retirement Planning: Your Retirement Planning Guide 2 (Free 255-Page PDF)
5) Investing: How We Plan to Retire on Dividends 4 (Free 139-Page PDF)
6) Cryptocurrencies: Counting on Crypto 2 (Free 159-Page PDF)
7) Real Estate: Financial Independence through Real Estate 4 (Free 112-Page PDF)
8) Business: Retire Rich, Retire Comfortable with a Business 4 (Free 149-Page PDF)
9) Latest DGWR: Don’t Gamble with Retirement 9 (Free 394-Page PDF)
10) Everything!: The Biggest Book on Passive Income Ever 3! (book)(Web Edition)(Art Edition)
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13) Book Design: Design Tips on YouTube
14) Kindle Unlimited: Why I Finally Subscribed Kindle Unlimited (learn more)
15) Book Reviews: 505 Takeaways from 101 Books (pdf)
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20) For more detailed analysis, join my Youtube: MFI YouTube Channel
––––––––
Monthly Dividend Tracker Template: Buy on Etsy
Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
All Right Reserved Military Family Investing
01 Increase Your Savings Rate
How fast do you want to retire? Do you genuinely want to work until the full retirement age of 66? I know I don’t want to work for another 25 years.
But what is the best way to retire early? We all hear terms like Financial Independence Retire Early (or F.I.R.E.), but what does that mean?
The most significant factor in your ability to retire is your savings rate. This is how much money you can actually get into savings and investment accounts.
JOMO: The Joy of Missing Out
Calculating your savings rate. Calculating your savings rate is simple, dividend your monthly savings by your monthly income.
For example, if you save $3,000/month and earn $10,000, your savings rate is 30% (3/10). The higher the rate, the faster you can escape the rat race.
However, you also have to invest this money into income-producing products. After stocking your Tier 2 emergency fund ($10,000), you’ll want to start investing for dividends.
I prefer income investing above other forms of stock market investing, mainly index funds and dividend growth. However, all three can get you to the promised land.
I Live Paycheck to Paycheck
How to increase your savings rate. The trick to getting out of the workforce is achieving an incredibly high savings rate.
Most people believe earning more money is the answer, but
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