Re:1 in 3 Americans Have $0 Saved for Retirement (2016)
by cjsuk on Wednesday August 23, 2017 @05:27AM
(#15079882)
Thanks for your input. This is the sort of response I want which is a well rounded one. I want to hear about the failures as much as the successes ;)
For reference, I am plugging a fair amount of cash into a savings account when I come across it and avoiding unnecessary luxuries. That in itself has netted me a fair amount of cash and flexibility. Not spending it is better than saving it.
I'll read further into the investment side of things. I really want to get 50% of my cash reserve into something with a better return at the moment.
Currently I am taking 1-5% of that and netting £300/month profit which totals about a 11% a year rate but the effort is quite large for this.
For reference, I am plugging a fair amount of cash into a savings account when I come across it and avoiding unnecessary luxuries. That in itself has netted me a fair amount of cash and flexibility. Not spending it is better than saving it.
I'll read further into the investment side of things. I really want to get 50% of my cash reserve into something with a better return at the moment.
Currently I am taking 1-5% of that and netting £300/month profit which totals about a 11% a year rate but the effort is quite large for this.