Alan Donegan: PopUp Business School Co-Founder, Entrepreneur, Financially Independent Pizza Lover, Marvel Movie fan and soon to be Script Writer
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You financial philosophy is the set of beliefs, values, your identity and relationship with money. It is the way you think about your finances and yourself which controls your actions and in turn determines your financial destiny. I want to help you uncover your financial philosophy, take control of it and develop it to create a brighter financial future.
Have you ever taken the time to consciously consider what you believe about money and how it is affecting your life?
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How much of the money you earn do you save and invest? Do you save any of the money that you earn each month?
The average savings rate in the United Kingdom is 6%. In the USA it is 7.9%. Do you know if you are saving more or less than that?
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. We can predict your retirement date based on this number.
Created 11th August 2020. Updated May 4th, 2021