How Much Are You Investing Each Month?

I think your seriousness about financial freedom can be measured by how much money you invest each month.

Dave Ramsey recommends 15% in his baby steps.

JL Collins in his book, >The Simple Path to Wealth, recommends 50%.

Some people in the F.I.R.E. community, eager for financial freedom, will invest even higher than 50%.

For you it’s probably somewhere in between.

I’d agree with Dave Ramsey that 15% is a good floor. You definitely don’t want to be lower than that.

But I’d suggest you be quite a bit higher.

You can achieve this by:

Doing both is a game changer.

I wanted to write this newsletter as a reminder not to forget to invest each month.

And the best place to invest?

It’s extremely difficult to beat this over any extended period of time.

Start with 15% and try to increase the amount each year.

You’ll be happily surprised over the decades as you watch your investment account double over and over again.