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Personal Finance | Saving from your very first salary will help you reap the rewards of time | City Press

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Personal Finance | For every salary increase, you will find some justification to increase your spending as well and you will find that, no matter how much you earn, it will never be enough

The graphic below from PSG Wealth shows how, the sooner you start investing, the less you will need to save each month.

This does not consider any promotions or significant salary increases, so it is the lowest amount you would probably make. Ask yourself today what you want to show for that R6.3 million. Parkinson’s law is one of the most important laws of money and wealth accumulation. The argument is that expenses always rise to meet income and this explains why most people retire poor.

 

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