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Master Your Paycheck Like a Stoic

Oct 13, 2024

Hello Stoic investors,

Today I want to share with you 4 simple but powerful ways to make the most of your paycheck and set yourself up for long-term Financial Success.

 

Number 1:

Put 10-15% of your paycheck into a retirement account.

Saving for retirement helps you have enough money for the future, and in many countries, it can also lower your taxes.

 

Number 2:

Put 5% of your paycheck into a secure savings option, like a savings account that offers good interest rates.

This will help you build an emergency fund, which should be enough to cover at least six months of your expenses.

Having this money set aside will give you peace of mind if something unexpected happens, like losing a job or needing to cover a big expense.

Look for savings options in your country that give you the best return to help your money grow over time.

 

Number 3:

Another 5% of your paycheck should go into the most tax-advantaged investment account available in your country.

Whether it’s a local equivalent to accounts like the Stocks & Shares ISA in some countries or a Roth IRA in the U.S., take full advantage of any account that allows your investments to grow tax-free.

Once you’ve set that up, consider investing in low-cost global ETFs to diversify your portfolio and ensure steady, long-term growth.

 

Number 4:

Finally, 1% of your paycheck should be invested in the best asset available:

Yourself.

Whether it's learning a new skill, taking a course, or attending a seminar, investing in personal development will always offer the best returns over time.

Let’s normalize having a monthly budget for self-improvement, because your personal growth fuels your financial success.

 

These 4 steps are easy to implement and will make a big difference in your financial future.

The key is consistency—investing in your retirement, savings, and personal development every month will put you on the path to long-term financial stability and growth.

 

So, note down these 4 steps and start investing today:

1. Put 10-15% of your paycheck into a retirement account

2. Put 5% of your paycheck into a secure savings option, like a savings account that offers good interest rates

3. Put 5% of your paycheck into the most tax-advantaged investment account available in your country

4. Invest 1% of your paycheck in the best asset available: Yourself!


 

See you again next week.

 

Whenever you're ready, here is how I can help you:

1. Take advantage of all our Free Resources and start your journey as Stoic Investor 

2. Book a 15 Min Consultation to ask your questions and we will point you in the right direction

3. Register for my Free Masterclass for Beginner UK Investors (LIVE!)

About Me

I am Vittorio Rigato, the Investing Coach behind Stoic Money.

I invested for more than 8 years, both for myself and by managing the 7-figures retirement account of my family.

After my Master Degree in Finance & Management, I worked in the FinTech industry in Frankfurt (Germany) and managed financial products with value up to €100 Millions.

In 2021 I have founded Stoic Money to teach employees and professionals worldwide how to invest to reach $1,000,000 Net Worth and beyond. Many of them reviewed Stoic Money service with a video testimonial here.

Multiple Finance News Websites like Yahoo Finance and Euronews talked about Stoic Money mission and services.

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