Thursday, April 29, 2010

"Meet the Average Family"---financially, that is...

We don't save enough! No surprise there.  I like to teach the "80%, 10%, 10%" method of financial success.  Of the income you earn, you should try to live on 80%, save 10% (in a 410K preferably), and donate/tithe 10%.  This last 10% is the most important for me.  Make the personal decision as to where you want that money to go: church, charity, foundation, directly to other people, etc (I try to hit all of these, the best I can).  When I started to do this, I found my outlook on life change and became a much less selfish person.  I believe it is true that you get back much more when you give.  That is my two cents worth---probably inflated by a penny...




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