The common wisdom is that we should be investing 15% of our take-home salary every month.
The common wisdom is that we should be investing 15% of our take-home salary every month. If we don't pay it straight away, there is often too much time left at the end of the money, and that means the 15% investment doesn't happen. Instead, as soon as the pay deposit lands, the 15% investing money should head out of your banking account into your investing account. And best of all, you can automate it! That way, when you look at your spending money in your bank, you see the 85%, not the 100%, and your spending habits automatically scale back. Paying yourself first is a proven principle testified to by thousands of successful investors worldwide, so I strongly encourage you to give it a try.