00:00Number one, take your monthly income and multiply it by 0.4.
00:03That's the maximum that you should aim to spend on housing each month.
00:06Number two, take your annual income and multiply it by 0.5.
00:10That's the maximum value that your car should be worth.
00:12Number three, take your monthly income and multiply it by 0.15.
00:16That's how much you should aim to invest every single month to build long-term wealth.
00:19Number four, take your monthly income and multiply it by four.
00:22That's a simple target for your emergency fund.
00:24That's enough to cover about four months of living expenses when life throws a curveball.
00:27These aren't strict rules, but they're great financial benchmarks to keep you on track.
00:31Follow for more financial freedom targets.
Comments