Comments on: Retire Extremely Early: Dollar Cost Averaging and Maintaining a Positive Attitude in Tough Economic Times. http://www.mybudget360.com/retire-extremely-early-dollar-cost-averaging-and-maintaining-a-positive-attitude-in-tough-economic-times/ Investing ideas for preserving wealth in a fluctuating market. Thu, 29 Jul 2010 14:34:27 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: George http://www.mybudget360.com/retire-extremely-early-dollar-cost-averaging-and-maintaining-a-positive-attitude-in-tough-economic-times/comment-page-1/#comment-420 George Fri, 09 May 2008 15:09:58 +0000 http://www.mybudget360.com/retire-extremely-early-dollar-cost-averaging-and-maintaining-a-positive-attitude-in-tough-economic-times/#comment-420 Saving 10% (or even 15%) understates the possibilities. Keep in mind that money saved is money not spent -- it requires being able to live on less money thus lowering the amount needed to be saved. How long does it take to save 1 years expenses: saving 10% -> 9 years (since only spending 90% of income) saving 20% -> 4 years (spending 80% of income) saving 30% -> 2.3 years saving 50% -> 1 year Saving 10% (or even 15%) understates the possibilities. Keep in mind that
money saved is money not spent — it requires being able to live on less
money thus lowering the amount needed to be saved. How long does it take
to save 1 years expenses:

saving 10% -> 9 years (since only spending 90% of income)
saving 20% -> 4 years (spending 80% of income)
saving 30% -> 2.3 years
saving 50% -> 1 year

]]> By: Roman http://www.mybudget360.com/retire-extremely-early-dollar-cost-averaging-and-maintaining-a-positive-attitude-in-tough-economic-times/comment-page-1/#comment-255 Roman Sat, 19 Apr 2008 19:28:24 +0000 http://www.mybudget360.com/retire-extremely-early-dollar-cost-averaging-and-maintaining-a-positive-attitude-in-tough-economic-times/#comment-255 Very interesting but will that be enough for retirement? Very interesting but will that be enough for retirement?

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