Dark Water
Gold Contributor
FASTLANE INSIDER
Read Fastlane!
Read Unscripted!
Summit Attendee
Speedway Pass
User Power
Value/Post Ratio
238%
- Mar 25, 2014
- 690
- 1,645
I think it ultimately depends on your personal situation. It is currently 10% of your salary. The other important variables are the amount of free time you have and what other % of your salary is tied up. If you have lots of free time and minimal bills, then no problem keeping the 401k going. After the 10% and your monthly expenses, you still have extra of money for play for ideas, businesses, and taking on risk should an opportunity arise. I think this is the optimal path.
But if your time is further tied up by family commitments, the job, and so forth; or your remaining salary isn't enough to fund ideas or take risk, then the extra money can be used as cash flow or in creative ways such as personal assistants which will either free up more time for you to work on your business or allow your business to function while you work your day job.
But if your time is further tied up by family commitments, the job, and so forth; or your remaining salary isn't enough to fund ideas or take risk, then the extra money can be used as cash flow or in creative ways such as personal assistants which will either free up more time for you to work on your business or allow your business to function while you work your day job.
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.