The Frontiers Of Trading

By:  Ivan Cavric Hey there, savvy savers! Today, we're diving into one of the most powerful financial habits you can adopt—saving 10% of your income for the future. Buckle up and get ready to supercharge your savings game! Why 10%? You might be wondering, why 10%? Well, let me tell you—it's the sweet spot. It's enough to make a meaningful impact on your future financial security without feeling like you're sacrificing your current lifestyle. Plus, it's a simple, easy-to-remember rule that anyone can follow. The Importance of Saving for the Future Let's face it—we live in uncertain times. Whether it's unexpected expenses, job loss, or economic downturns, having a financial safety net is crucial. By saving 10% of your income, you're building that safety net—one paycheck at a time. It's your ticket to peace of mind and financial freedom down the road. How to Implement the 10% Rule Now, you might be thinking, "Sure, saving 10% sounds great in the...

By:  Ivan Cavric Step One:  Plan for the Unexpected Big Time Bill  The first step arises from debt from a one-time large expense - something that is too large to be paid for with your monthly paycheck, or by saving for a few months.   Many of these debts are investments in either an asset that will appreciate over time, or a income stream that will be greater over time.  The most common example is the purchase of a home.  Very few people are able to save enough money to purchase their home outright, or pay for their entire home out of a few paychecks.  We use a mortgage to pay for the home after-the-fact, and to enjoy home ownership in the meanwhile.  Another example is investment in education.  Many people cannot afford to pay for college tuition outright - so we take out loans, planning that our future income stream will enable us to be able to afford to pay for the education after-the-fact.   The more insidious type of one-t...