Personal Finance | Saving from your very first salary will help you reap the rewards of time | City Press

Personal Finance | For every salary increase, you will find some justification to increase your spending as well and you will find that, no matter how much you earn, it will never be enough

The graphic below from PSG Wealth shows how, the sooner you start investing, the less you will need to save each month.

This does not consider any promotions or significant salary increases, so it is the lowest amount you would probably make. Ask yourself today what you want to show for that R6.3 million. Parkinson’s law is one of the most important laws of money and wealth accumulation. The argument is that expenses always rise to meet income and this explains why most people retire poor.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

City_Press /  🏆 7. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

THE FINANCE GHOST: Think B2B — like Bidvest — to beat inflationThe JSE’s few true industrial shares are proving handy stock picks in our weak consumer, high inflation world
Read more »

Putin confirms Russia has positioned nuclear bombs in Belarus as warning to West | City Press'Just talking about this [the potential use of nuclear weapons] lowers the nuclear threshold. We have more than Nato countries and they want to reduce our numbers. Screw them.' - Vladimir Putin Should we be concerned? Read more:
Read more »