A Simplified Look At The Savings Rate

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Your savings rate is one of the most important financial measures at the beginning of your FIRE journey – even more important than your rate of return.

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Your savings rate will help you make decisions. You can see how a specific financial decision will affect your savings rate over both the long term and the short term.

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How To Calculate Your Savings Rate Savings / (Gross Income – Taxes)

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Your savings rate is directly linked to your actions. So the higher your savings rate, the quicker you will be able to retire.

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Increasing your savings rate can significantly decrease the amount of time you need to become financially independent and retire early.

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FOR MORE ABOUT THIS POST, VISIT RADICAL FIRE

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