DamienWayne
Superstar
How Much Money Should I Have Saved by 35? | The Motley Fool
3x your annual salary by 40?
6 cert brehs is the this true ?
3x your annual salary by 40?
6 cert brehs is the this true ?
How much should you have in savings?
- Thread starter DamienWayne
- Start date
OfTheCross
Veteran
How Much Money Should I Have Saved by 35? | The Motley Fool
3x your annual salary by 40?
0
Or minimal...
It's better to have it all in investments and use credit for emergencies
Enough to last 3-6 months no job. I dunno why I’d have 3x my salary sitting there not gaining shyt but .5% apy
It's hard to save right now especially if you have a family with prices of food, energy, gas, etc going up. Just try to stay out of debt. Do you really have savings anyway if you got a student loan, mortgage, car note or credit card bills?
Or you can just start a ponzi scheme..
sayyestothis
Free the guys
They talking about ur retirement funds in article.
No one would advise 3 xs salary in cash...3-6 months living expenses is all u need.
No one would advise 3 xs salary in cash...3-6 months living expenses is all u need.
I would say i'm comfortable with 6 months worth of expenses in cash. My actual savings, I think if you can max out your 401k and IRA on a yearly basis, you're already doing what most can't. Add in a few hundred per month here and there, you're on your way!
InGodWeTrust
Tall & Handsome in ATL
Rep me later
Mike Nasty
Veteran
and equity in home ownership.
About $1.2 million
buzzkill
All Star
if u just talking about your savings account. 3-6 months of expenses is what ive always heard. But really its whatever amount helps u not stress about finances or emergencies. Id say 1-2k for emergencies is the bare minimum anything less than that u are in a big danger zone
if u talking about retirement it depends on how u want to be living when u retire
if u talking about retirement it depends on how u want to be living when u retire
That's an excellent point
humminbird
Veteran
This common sense