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The Smarty Pants Project

Shit I wish someone told me when I was 20. An irregularly updated book.

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December 07, 2016

Rules of thumb

December 07, 2016/ Mike Lettunich

Some random rules of thumb here:

  • 10% of your paycheck should be saved/invested - have it autowithdrawn so you don't even see it, way easier.

  • You should have 6 months worth of income in a liquid account - you'll sleep better.

  • You'll need 20x your annual income saved up to retire.

 

December 07, 2016/ Mike Lettunich/

Mike Lettunich

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The Smarty Pants Project

This site is about advice for family and friends that are graduating from college or high school.