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Advice from muh grandad
>save between 10 & 30% of your gross. In lean times - min of 10% in profitable - 30%.
>save it in a high interest, deposit only with bonuses for no withdrawals (like a term deposit but with deposit ability)
>NOT A RAINY DAY FUND, that should be separate.
>allocate 5% of lump sum to be spent each year - sounds silly but it stops you from just accruing a pile of money.
>have a goal to use it (retirement, investment property etc.)
