Saving 1/3 of Your Income?

>>2678646

>do they mean pre-tax income, or after taxes have been taken out?

That doesn't make sense. It means you put away a third of the money you receive.

>>2678656

You're retarded.

It means pre-tax since you can do 401k/IRAs/HSAs for pre-tax dollars.

>>2678656
Well, let's say you get paid as a 1099 and taxes aren't withdrawn until the end of the year (or quarterly)?

Got paid $1000 this month - do you save 1/3 of that, or do you factor in your tax rate (30%), then save 1/3 of $700?

>>2678673
>everyone is american

>>2678673

>muh murica

In general, when you hear "save 1/3 of your income" it means your take home pay, weekly

>>2678677

Save 1/3 of the $700.

>>2678646
Bulgarian here, I save 70% of my salary (not including crypto income).

When I say that I mean post-tax. But I don't get shit for my tax $ so I just count it as stolen...

>>2678673
SHART IN MART

>>2678677
If you are saving pre-tax, you save 1/3 of that.

If you are saving post-tax (ROTH), you save 1/3 of the after tax rate.

>>2678646
what are you saving for?

>>2678872

That's not true at all.

It's 1/3 of your hourly or salary earnings. This is often quoted pre-tax

I work in finance and do this for a living. Just because you read a few articles online does not make you can expert.

>>2679861
In the first world we're able to look forward to tomorrow.

>>2678646
it varies. don't settle for 1/3 though, shoot for 2/3.