Thursday, January 14, 2010

The Simplest Way To Live Below One's Means

The simplest way to live below one's means is to put away 5 % of their annual income while they are in their 30s, 10% while they are in their 40s, and 20% when they are in their 50s.

This is also related to satisfaction with life overall. There is a highly significant correlation between satisfaction in life and living in a home and neighborhood which are easily affordable.

-Interview with Thomas J. Stanley, PH.D
-Written by Sheyna Steiner at Bankrate.com

See complete interview at:


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