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How Much You Need to Have Saved and Invested for FIRE (BY Decade!)

The Personal Finance Podcast

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How to Increase Your Income to Reduce the Time You Spend

Increasing your income can significantly reduce the amount of time that you work. We're going to talk about it here on an 8% rate of return. If you make $50,000 per year, it is very impressive to be able to save 20%. That is a great savings rate for that income level. But if you make $200,000 peryear, you better believe that increasing that savings rate is going to be a significant difference.

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