A higher income results in better savings, is a myth that causes the deterioration of many a complacent investors' finances. So to begin with let's start by busting that myth itself. Long before disposable incomes were at levels they are currently at and before consumerism took over sensible spending, 'Savings' were deducted from 'Income' before allocations were made for 'Expenses'. (Income - Savings = Expenses). Hence, irrespective of the size of the earning, saving was always possible. But, of course, we have evolved and luxuries today are a necessity for building a social image.
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