March and April is the time of the year that companies and businesses pay out their bonuses to employees for work done in the previous year. My organisation pays the bonuses around the end of March and it’s the time of the year where some additional windfall gains are credited into our bank accounts. What we do with such windfall harvests reflects our approach towards financial freedom. 80:20 or 90:10 or 50:50 Guideline Some people adopt saving 50-90% of windfall gains and spending the rest. My own approach is to save 80% and allow myself to spend up to 20% of the windfall gain without feeling guilty that I am deviating from my journey towards financial freedom. This reflects a balance between enjoying life a bit with the gains whilst maintaining healthy growth of investible savings that yields passive income in investments. I’ve recently channelled some of these funds to ... Read the full article →