The Time Horizon of Wealth Is Super Long
Nicole Dieker

It does seem odd that it uses percentages as savings and net worth goals.

I just don’t see the connection between net worth and income; I should think net worth goals should be tied to expenses, not income. There’s no rule that says your expenses have to rise as your income does; taking the obvious step of simply socking away additional income (instead of upgrading your lifestyle) helps you to reach net worth goals sooner.

The percentage of income that should be your goal for savings is: “whatever you need to meet your net worth goals.” (And yes, I do recognize that this is going to be wishful thinking for a lot of people.)

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