KLE 28: The One Percent Solution!

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We’ve set your savings bar very high: in addition to what you are currently saving in your retirement accounts, you now have a target to pay yourself twice, to the tune of an additional 10% (or, as much as 15% if you don’t have at least 5% of your gross pay going into your retirement account).

Of course, this is easier said than done: if you had 10% of your take home pay just lying around, by definition you would already be saving it …

… in other words, you are already paying yourself twice; if not, all of your take home pay is currently spoken for!

So, let’s start slow:

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Name and State (eg John, FL)
How much will you add to your pay yourself plan? (%)
Where will you find the money?

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