Do you know how much you are saving of the money that you earn every month? Do you save any of the money that you earn each month?
The average savings rate in the United Kingdom is 6%. Only 6%!
Do you save more money than the average person? Do you save less money than the average person? Do you know how much you’re saving?
Your savings rate is one of the key indicators of when you can retire! Knowing this number you can predict how long you have to work in paid employment
How can this be possible? How can we have more money than we earnt? Does that mean that we have lived for free for our entire life so far? Is this normal? Could you do the same? Do you have anything to show for your years of labour?
How do you calculate your net-worth? The first step to change is to take a good look at where you are right now. If you don't know your starting point it is difficult to know if the change you are creating is moving you in the right direction or not. If you can't clearly give a £ or $ figure for your net-worth then this article will help you figure it out.
Alan Donegan: PopUp Business School Co-Founder, Entrepreneur, Financially Independent Pizza Lover, Marvel Movie fan and soon to be Script Writer
I built this website to share the life lessons I learn along the way, the cool stories, the adventures, the amazing people and everything I learn from all the stupid mistakes I make! If you want to keep up to date then stick your email in below. I promise to never share your email address or spam you! Alan