I vividly remember being in 4th grade and asking my dad how much you were supposed to put in the envelope for the offering plate at church. In the first of many future conversations along this line, he showed me his paycheck stub and the check in the envelope.
First 10% is God's.
25%ish went to the government
15% went to 401k
We lived on the rest.
That's been my model for quite some time on my salary. My bonuses can be fairly significant, and I've tithed 10%, spent 15%, and saved/invested the rest.
I've been blessed to work for a rapidly growing company that has given me some equity that will put me way ahead of my personal projections. Like several folks above, my goal is to have my investment returns be equal or greater than my salary, or at the minimum above my current cost of living.
First 10% is God's.
25%ish went to the government
15% went to 401k
We lived on the rest.
That's been my model for quite some time on my salary. My bonuses can be fairly significant, and I've tithed 10%, spent 15%, and saved/invested the rest.
I've been blessed to work for a rapidly growing company that has given me some equity that will put me way ahead of my personal projections. Like several folks above, my goal is to have my investment returns be equal or greater than my salary, or at the minimum above my current cost of living.