Friday, July 11, 2014

The 10-20-70 Rule

Prior to setting my foot in going abroad and with the knowledge of how much I will earn, I prepared a detailed excel spreadsheet of how much of my monthly salary will be allocated to paying my house mortgage, monthly allowance/allocation for my parents, food, rent and other possible expenses that I may incur.  I never had put aside something for savings/investments on my spreadsheet, because I have lack of knowledge about the investment instruments that I can possibly get into. The topmost priority during that time was instead of paying my house for 21 years, I will strive to achieve to pay it within my 3-year contract abroad.
Armed with this, I had myself ready for my financial and career journey.
But eeeeek!
Related Posts Plugin for WordPress, Blogger...