Savings Rate: Why It's So Important (For YOUR Future)
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This video is all about the savings rate, otherwise known as the portion of your money that you save. For a lot of people, particularly younger folks, the savings rate is tremendously important for retirement. Because the first five or so years of investing make up a relatively small chunk of your overall retirement fund, your savings rate is critical. The more you invest now, the greater thee amount should be over time because of the value of compound interest, etc. Savings rate is something to consider with your Roth IRA, 401k, etc.
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∎ TIME STAMPS ∎
0:00 – Video Overview
0:19 – What is a Savings Rate?
1:24 – Which Bills are Essential?
2:43 – Value of the Savings Rate
3:51 – Savings Rate, Applied
4:40 – Calculating Your Savings Rate
5:11 – Getting Started
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Why Savings Account Is Important, Savings Rate: Why It's So Important (For YOUR Future).
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