| Channel | Publish Date | Thumbnail & View Count | Download Video |
|---|---|---|---|
 | Publish Date not found |  0 Views |
In this video I explain what the 15% rule for investing is and what the biggest problem with it is. Then I'll show you how much you should invest instead.
Check out my recommendations (it helps support the channel):
M1 FINANCE Investing – Free $10 (once you deposit at least $100 within 30 days) https://bit.ly/427KBBn
Here is a video on how to use M1 Finance https://youtu.be/kEOS-w21U3c
NewRetirement – The retirement planning tool I personally use to ensure I stay on track with saving for retirement. It's perfect for /"Do it yourself/" investors https://bit.ly/3EAAhrJ
AURA – 14 days free trial to see if your personal information has been leaked online and have it deleted https://aura.com/jarrad
Empower – Free Net Worth Tracker https://bit.ly/3NUNtwq
Free copy of my spending review spreadsheet: https://bit.ly/48lMVZ1
Register for 1 on 1 coaching with me: https://bit.ly/4bAUpYT
Business questions: [email protected]
The 15% rule for investing is a guideline that suggests individuals should aim to invest at least 15% of their gross income in retirement or other long-term financial goals. This rule is often recommended by financial advisors as a starting point for those looking to build a robust investment portfolio. Here is an overview of the most important points:
Consistency: Investing 15% of your income regularly helps build discipline and ensures steady growth of your investment portfolio over time.
Long-term growth: By consistently investing a portion of your income, you benefit from compound returns, which can significantly increase your wealth in the long term.
Adjustments: Depending on your financial goals, risk tolerance and life circumstances, the percentage can be adjusted. For example, if you start investing later in life, you may need to increase this percentage.
Retirement Planning: The 15% rule is especially useful in planning your retirement so that you have a substantial savings pot by the time you retire.
Budgeting: Allocating 15% of your income to investments requires careful budgeting and spending discipline, which will help you manage your finances more effectively.
Overall, the 15% rule is a simple but effective strategy to ensure you're on track to achieve your financial goals, especially for retirement.
The problem is that the 15% rule only works if you are 25 years old. When you are older, adjustments need to be made.
Affiliate Disclaimer: Some of the above may be affiliate links. Please support the channel by subscribing or purchasing through these links at no extra cost to you. I appreciate you helping me keep this channel going.
Disclaimer: This video is for entertainment purposes only. Everyone's situation is different, so do your own research before making any decisions with your money.
Please take the opportunity to connect and share this video with your friends and family if you find it useful.
