Don’t spend all the money you earn (financial sphere).

Featured

The habit of systematically saving money is important if you want to be financially independent (e.g. from the state); I don't know about pension systems in other countries, but I know a bit about the pension system in Poland and I can say that the situation of pensioners in 20 or 30 years will not be very optimistic.

Will 10 percent of your income saved for 20 years be enough for your private pension?

If you intend to have an adequate and sufficient amount in your account (and/or other forms of assets) when you retire, it is recommended that you save 10 percent of your income for this purpose. This amount per month is for you to decide, it depends on your retirement needs.It happens (in my opinion) quite … Continue reading Will 10 percent of your income saved for 20 years be enough for your private pension?