You may have heard advices to save 10% or 20% of your money every month. But, is that enough to grow your money to achieve financial freedom? The average people out there would just be saving 10% of their money or worse still have no savings at the end of the month. If your take home pay is $2000 and you save just 10%, its only $200 per month and $2400 a year. In 10 years time, its only $24,000. That's not a lot assuming you start working at the age of 24 and end up with only $24,000 at the age of 34. If you're good enough to have a take home pay of $3000, saving 10% would only be $36,000 in 10 years time.
Here's the 10% savings scenario:
Take home pay $2000 at age 24, save 10% and have $24,000 at age 34
Take home pay $3000 ......