You don’t save a cent
The average person makes about $70,000 a year yet has more than $16,000 in credit card debt. There will always be a bill to pay. Wealth is created by the slow, strategic, and steady accumulation of excess money. More than 44% of people don’t even have a bank account. Open a savings account and put aside a predetermined amount every week, paycheck or month.
Mostly correct, but some people have no ability with no fault of their own. I was well prepared for retirement, but I also cared for people in trouble and brought a couple into the United States from the woman fired because she was not Catholic. Then because I refused to work at that one place (out of 20 countries where I did work) I was also fired. I saved enough to buy a property, but lived on social security. Then when a college student who lived in my house was forced out because she was interested in my life and reading the Bible, she was forced to sign a paper against me and put me in jail when I broke no law or did anything wrong, so I had to increase my mortgage to where I can save nothing.
In other words, based on my work in most states and 20 countries, I am very careful to avoid judgement by appearance or conditions.