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Fradel Schaechter
  • lakewood, NJ
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The importance of saving

Fradel Schaechter
  • lakewood, NJ
Posted Mar 24 2018, 23:19

It was the topic of saving that got me started on a journey that eventually led me to be interested in real estate. It has been the cornerstone for me as I have followed the advice of the books I had read (like The secrets of the millionaires mind' by T. Harv Eker, and 'How to make a hell of a profit and still get to heaven' by Dr. John Demartini) and watched my savings grow at a rate I can hardly belive. I currently spend 60% of my income, the other 40% is divided between 10% charity, 20% total to three categories that include money to buy an asset, money for  a down-payment for a house/house hack, and money for retirement. The last 10% is for other categories like education, 'play' money etc.

I am amazed that though I am not earning a huge amount of money right now, I am still able to save steadily and live off only some of my money.

How much of your money do you spend? How important is saving to you?

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