Quote:
Originally Posted by PKFFW
Great book, I've read it a couple of times.
Only thing I would say is that in today's world it is very much harder, particularly on a low or lower middle class wage, to save enough to actually get ahead due to the cost of living being comparably higher while wages have not risen comparably.
Of course, where there is a will there is a way. If your primary goal is to set yourself up for a comfortable, if not extravagant, retirement whilst taking very little risk over your working life then this is sound advice and a very workable plan.
Cheers,
PKFFW
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Hi PKFFW,
Thanks for the comments. Yes I agree the middle class has a lot of burden put on them since they pay the highest taxes. However the middle class tends to have one tool that can prove advantages. Most companies have a 401K plan where a person can allocate up to 15% of their earnings, pre tax.
Any thoughts?
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