Saving Rate: How To Calculate It And 3 Ways To Increase It

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When trying to grow your wealth; several factors come into play.

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Investment environment, interest rates, asset selection, risk adjusted returns of various asset classes, taxes, asset location and saving rate.

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Most of these factors are outside your control, except a few such as Saving Rate.

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What Is Saving Rate?

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Saving Rate is the percentage of income a person sets aside every year.

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How To Calculate Saving Rate?

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The advantage of high Personal Saving Rate is that your expenses are low relative to income.

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Saving Rate: How To Calculate It And 3 Ways To Increase It

When trying to grow your wealth; several factors come into play.

Investment environment, interest rates, asset selection, risk adjusted returns of various asset classes, taxes, asset location and saving rate.

Most of these factors are outside your control, except a few such as Saving Rate.

What Is Saving Rate?

Saving Rate is the percentage of income a person sets aside every year.

How To Calculate Saving Rate?

Net Income = Gross Income – Taxes Savings = Net Income – Expenses Saving Rate = Savings/Net Income

The advantage of high Personal Saving Rate is that your expenses are low relative to income.

Why Is Personal Saving Rate Important?

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