Quote from: DrBeer on May 08, 2023, 05:43:43 PM

Quote from: Marcellin9 on May 08, 2023, 03:07:05 AM

I guess you have never saved 1/3 your monthly income before. As you said, taking and allocating 1/3 from the monthly income is not difficult, so the only question here is whether you can implement it. Ever since I was a single young graduate, I have managed to save at least 1/3 my monthly income, even after I got married. Just because you can’t save much means other people can’t do that either or logically it is wrong ? Same as keeping fit, that you can’t get disciplined to exercise regularly every day and control the intake of calories does not mean other people can not do the difficult task.

I have a feeling that you did not understand me at all!
I'm talking about the fact that just not everyone can save 1/3, because I assume that a significant part of the world's population does not have income that will allow them to save 1/3 painlessly for life. That's exactly what I meant.

About my approaches to the formation of a financial cushion:
Until 2019 - of the total income, I saved about 25-40% in the form of diversified investments (fiat, crypto, ...)

In 2019-2020, I was saving about 10% -20% per year, because. a significant part of the income went to repair and preparation (appliances / furniture / ...) in a new apartment.

Now there is a war in my country, and for 2 years I have not traveled to other countries, which I used to do several times a year, and now I have temporarily lost another expense item, which allows me to put more money into the "financial pillow".

PS About sports in general, it turns out funny - almost 25 years of sports, now I regularly maintain the form

Sorry for my previous reply. You are right that I did not get your point previously. I was on a business trip and lost some sleep for transit. Apologies for the misunderstanding. Well, not everyone can save 1/3 and this is a brutal fact, but I assumed that for some people, at least for those on this forum, monthly income will not be that low and savings must be an option because if not, how come many of us are discussing investment on the forum ? Therefore, I started this thread to talk about the possibility of saving that much. It is OK if people disagree as I know this only applies to some certain people. By the way, glad to hear that you’ve made plentiful savings. I am also in the category Grin