One of the keys to financial success is being a disciplined saver. I always tell everyone to get into the practice of saving a minimum of 20% of everything you earn. If you do this, you won’t need to get into much debt aside from a car, student loan, or mortgage payment. If you have a lot of debt (especially credit card debt) then you should pay that off first and then focus on saving.

If you have young people in your life and can get them into the practice of doing this, you’ll never have to worry about their finances again.

The chart below summarizes this information:

I hope this will be helpful to some of you out there.

You can learn about all of my investing techniques via my “Invest Like a Pro in 10 Minutes a Day!” series of 4 books where you can learn the “end to end” process to investing: https://brighterdayslifecoaching.com/published-books-and-life-coaching-services/.

Also, you can read all about my stock market activities here: https://brighterdayslifecoaching.com/stock-market-activities

I wish you much investing success for 2025 (and beyond!).

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