What % of your net income do you save every month?
 

I am curious to know what others spending vs savings is. I am talking only about personal net income..

IE what what you pay yourself after taxes..

So if you make $15k a month and get $10k a month after taxes and save $5000 then you are saving 50% of your net income

You go first :)

I save 0.00001% of my earnings.

I spend back probably 25% of my income to reinvest in my sites and advertising. Pay bills with probably 20% of it and save the rest.

There's a point where it's kind of silly to calculate a percentage :)

200% :thumbsup

holy shit i almost agree with this.. haha


but seriously it depends on what you consider savings, some consider their investments as money they are saving, doesn't necessarily mean they are hiding it in a mattress somewhere.

enligten me?

What if you hit a point of putting more money in your business is not increasing any value.. I save a good amount of my money but I always keep an eye out for people selling their sites if the price is right :)

Thanks for your input.


Others I am not talking about your companies here. I am talking about PERSONAL Income.


Net income after taxes vs . Your cost of living.

Just counting my personal income, I probably save about 5% to 9% of it. It really should be more like 10-15% I think.

I do reinvest money into my business that I'm not counting as personal income.

Awesome thanks for the answer :)

about 50% at the moment, but heh I am 60 years old and have a splendid pre-pension and if I reach 65 years all other pension funds will kick in and I will have a hard time to consume/spend all that money.

If investments count into "saving" I'd say abit over 50%

ya ofcourse. Nice one mate :thumbsup

It's irrelevant unless you are an employee or on a fixed salary. If you are a business owner, then should be investing, reinvesting and reinvesting some more.

No save here :)

:(:(:( :helpme ;)

Buy more booze BROmance.

:winkwink:

Agreed.

While I am not saying you should 100% reinvest all of it back into your business (i.e. rainy day fund, 6 month of expenses saved, etc.), you should have some diversity in your investments and assets. Too much online, or off, can ultimately crush you like 2008 did many people. Both in real estate and stocks.

:2 cents:

0%

I reinvest and live my life (tomorrow I may not live)

Granted, I don't make shit in this industry. Maybe a 1-2 G's a month if I am really lucky but that aside. I would say the smartest thing to do if you are a business owner is to DO ALL THREE. Spend what you need, reinvest for sure and definitely save at least something. Someone said 401k and IRA is stupid in this thread? Uh, you're either are a brilliant tax guy or you have so much money coming in or put away that you don't need to look for tax saving opportunities to secure green for the future. I can't think of any other reason why you wouldn't want to save. I would bet that the big wigs in this industry have all that shit lined up and are doing all three.

I pay my business expenses with the money, I reinvest a 25 percent of it and I save the rest....probably why I don't make shit for money in this industry. Maybe one day I'll take a chance. :)

I don't save, I re-invest in my main business as well as side businesses and allocate a certain amount each month into property which i rent out which in theory is my pension. Saving = 0

like 90% :)

I save 5% of my monthly income. Not much, but everything else goes into building my little empire.

nice answers

20-30% maybe

lucky you!

Fucking saving for retirement. I am working on dying early. I consider blow, hookers, and booze to be my retirement plan!

If what I save is greater than what my wife spends in any given month, it's a good month!

Seriously though I don't look at it as a %, I know my fixed monthly expenses and they don't usually vary, so on killer months much more gets socked away, on leaner months a little less.

:1orglaugh:1orglaugh

I just spend what I want, then save the rest.

I save everything I can, and spent the least amount possible. Yeah, I don't party much...

70% of the time I save 45% of my earnings, but 25% of the time I'm wrong about those numbers.

Been regularly putting around 20% of my income into long term and short term investments since 1980. Best money I ever used.

Spread the money around in investments outside the business since 1988, in case the shit hit the fan and it collapsed. Good years it was higher. Now I can sit back and live off of the investments. Actually have more money in the bank than we had this time last year, turned into even a bigger miser. :1orglaugh

As for investing in the business, that was required as a month to month thing. Needed to invest in shoots that paid back in a 6-18 months time. Kept money on the side, for when a real money maker was found.

When we earned much more money, we saved a lot. Well, i can't tell how much % exactly, but it wasn't low for sure.
Now, when time are different, and unfortunately, business it's not what it was before, we started to reinvest almost anything we make.

nice site y0ou have

It has been a roller coaster the past 7 years. Been profitable every year, net savings basically flat. New car, home improvements, new locations and a few toys (most necessary to make money) seem to eat up any excess - especially the past 2 years.

Not upset yet, but understand it can't go on this way much longer.

15 K per month? LOL...

with luck, only 5% of this forum AFFILIATES do that now...

15K? LOL... even 10K is ultra hard to do in adult for the average affiliate nowadays.

ALMOST NOBODY does that anymore.

Again, I'm talking about affiliate webmasters of paysites.

AGAIN..., I'm talking about affiliate webmasters of paysites.

It was just an example. It could have easily been take home $100k a month
Prolly not many affiliates doing that now days.
10k easy a ton

Gota spend it to make it. Take that for what you will.

I like to spend all mine, it keeps me working and sane :)

I put almost all of my adult income away in stocks