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How to get financially free — Part 2 If you want to become financially free, here are four more numbers you need to know. Number one, take your annual income and multiply it by 25. That’s a rough target for how much you need invested to potentially replace your income using a 4% withdrawal rate. Number two, take your current savings and divide it by your annual expenses. That’s roughly how many years of your current lifestyle your savings could cover without another pay cheque. Number three, tak
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“We live in a generation where we are transferring value from energy into a fund that will fund pensions in the future. When oil prices go up and down, nothing goes into my budget—it goes into this fund,” says Jonas Gahr Støre, prime minister of Norway. “From that fund, we can spend 3% or less of interest a year. We have not spent any money from that fund—only part of the interest. It’s meant to be there for future generations. It basically is meant to be a fund there forever.”
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VNF Domeabra-Obom Scholars Fund is OPEN Are you a student looking for financial support for your education? This could be your opportunity 📌 Application Deadline: 4th October 🎤 Interview: 10th–15th October 🏆 Scholarship Award: 20th October APPLICATION LINK👇🏿👇🏿👇🏿 https://youtu.be/E25SPlANUZg Don’t miss out apply before the deadline and share with a student who may need this opportunity #ScholarshipOpportunity #Students #Education #FreeScholarship #YouthOpportunities
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