The Savings Rate That Separates Winners From Losers 💪 | Master Money Video

The Savings Rate That Separates Winners From Losers 💪
How much should you save monthly? Minimum 20% to build wealth. Good? 25% of gross income. Excellent? 30%. Want financial independence in under 20 years? You need the extreme 50% savings rate - but this isn't for everyone. Most people can't stomach living on half their income. Start with 20%, automate it, then increase 1% annually. The difference between savers and spenders? Savers retire. Spenders work forever.