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Tag Archive: how to formulate an effective savings plan

How to Save Your Way to $1 Million

How to Save Your Way to $1 Million

Have you ever heard of burst saving? If not, you’ll surely be interested to see its effectiveness in building a sizeable nest egg even if not initiated until your later years. In fact, a study by the research firm Hearts & Wallets found that 64% of burst savers were able to build their savings to at least 10 times their annual income. The overall premise of burst saving is to save at least 15% of your annual income for a period of ten years or...

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