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Pareto Principle and Savings

Everyone has heard the 80-20 rule at some point in their careers, where 80% of the work is done by 20% of the people.

How about applying that to your financial plan?

Save 20% every year and live off only 80%.

Let that 20% work for you for your retirement.

Many times I’m asked what my rich clients did to get that way. Invariably I say that the majority spent less than they made, saved it, and invested wisely.

Pareto Principle and Savings

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