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by pvsukale1 3689 days ago
thank for your advice ! :)will keep this in mind!savings!
2 comments

No problem! Basically you'd want to follow these steps:

1. Keep your living expenses as low as you can while increasing your salary as much as you can.

2. Try and save at least 50% of your income. After you have six months of living expenses saved as an emergency fund, focus on maxing out your tax sheltered retirement funds - your 401k and IRA's. Make sure to invest in low cost index funds.

3. If you have money left after, open a brokerage account with Vanguard and look into investing in their low cost index funds as well. Poor as much money as you can into this.

More on picking index funds https://www.bogleheads.org/wiki/Lazy_portfolios

awesome link though!