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Radical Personal Finance

1039-Financial Goals You Should Set (4): Build a Career Plan to Get Into the Top 20%

Jul 18, 2024
Learn about setting financial goals to reach the top 20% income earners, the importance of skill development and strategic planning, and how saving and budgeting can lead to long-term financial independence and wealth building.
37:58

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Quick takeaways

  • Establish simple financial goals to progress towards financial freedom by saving half of income.
  • Understand the Pareto Principle and aim to reach the top 20% income bracket in your community.

Deep dives

Setting Financial Goals for Wealth Building

Begin by establishing simple yet impactful financial objectives to progress towards financial freedom. Emphasize attainable goals that can lead to significant advancements in your financial journey. These goals are designed to be accessible to all individuals, especially those with limited income. Initial benchmarks include securing employment, managing expenses to save half of your income, and giving away 10% of your earnings.

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