Quote:
Originally Posted by maat55
If you read many of these threads and the advice given, you will notice that there is a few basic fundimentals:
low debt load.
Having an EF.
Investing 10% or more.
If you follow these basic fundamentals, you will be prepaired for emergencies and retirement. Good luck.
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Not the hijack the thread, but I have a question. Should people be saving 10% of their total income or each income. For example, I and DH each put 5% of our pay into our 401Ks at work. Does this equal the 10% rule for investing? Or do each of us need to do this for it to count as 10%. I realize that we should both count on doing the 10% or more eventually, but right now we are still working our snowball.