Gold 401k Credit
Which 10% is mine to keep, Gross Pay or Net Pay?
Just finished the Richest Man in Babylon, and love the advice. I’m trying to keep my wallet from getting lean. I already put 3% in my 401K every check,bi weekly, so i was wondering if i should boost it to 10 or take 10% out of my net pay and find a way to invest that.
Any Ideas for Investing to make my gold work for me and then have its children work for me is greatly appreciated as well!
By the way I’m only 24, and have a considerable amount of Student Loans(about 50,000) that I’m paying until I’m able to return (No Degree Yet), and a couple other liabilities I’m paying off (car & credit card), just to give you a better idea for your advice.
I’d like to emphasize Me reading the Richest Man in Babylon and following what it says. I don’t need financial advice. I know to pay down the balance of my debts etc, and i know how my 401k works, if you could please read the question and the details it will help you to answer my question which I thought I was pretty specific on.
the % you contribute to a 401k plan is x% of your GROSS pay, not net
if you have 50k in loans to start paying on, you better pay those first and see how money you have left after your other living expenses before increasing your 401k contribution – you also need emergency savings
Demise Of The Dollar Update: Are You Buying Gold and Silver Yet?
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