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Narrow-Imagination96 OP t1_jabgzkv wrote

Reply to comment by MarcableFluke in When does saving become unhealthy? by Narrow-Imagination96

This response really hit me. You’re right. Hard to set reasonable savings goals for myself though. Any recommendations on books or other sources?

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cballowe t1_jabi56i wrote

No specific books, but savings is more about other goals and not specific to money - start with the other goals and their timelines, costs, etc and work backward from there.

"I need $1M in 20 years so that I can retire..." Or something like that. (You'll need to figure out your own numbers, but you could start with 30x what you expect to spend). Or shorter term goals "I need $x for a house down payment ..."

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