Short advice clip by Mel Abraham promoting higher savings and investing rates as the primary predictor of wealth accumulation. He recommends saving/investing 20–25% of income but counsels gradual increases (e.g., raise savings by 1% increments) rather than sudden extreme cuts. The guidance references his book/program, the Money Machine Blueprint.
The most important statistic when it comes to wealth being the most biggest predictor of your wealth building isn't your income. It's the percentage of the income that you're putting to work for you. And so I want you to increase your savings and investing rate as much as possible. We say that in my book and my programs, the Money Machine Blueprint. I want you to be putting 20 to 25% of your income away. Now I get it. Most people say I can't do that. I can't afford to do that. So let's not make a dramatic leap. Let's not go on some financial starvation diet. I don't want you eating beans and rice. There are rest of your life, but let's slowly increment it by 1%.
