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RE: A critique of the curiously ordinary life of the everyday worker consumer. (2023 update!)...

in LeoFinance2 years ago (edited)

I love the FIRE extreme models and follow it myself. I usually would start with monitoring the savings rate % and aim for at least 50% - 80% of your earnings to save.

This could be far off for the average median person wage person though as I spoke with a friend who was thinking at age 55 to start his first 100€ per month investment after we met a few times and said he would struggle to do that.

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If yer spending on average lines and on an average wage it's impossible!

I think realistically you're looking at the top 10% that can get anywhere near 50% of their savings these days!