Test Your Savings Rate

Entrepreneurs test like crazy. They test the different prices for products they sell. They test different marketing tactics. They test different technologies. They probably test different clothes they wear. They -- seemingly -- test everything.

Why don’t we do the same when saving?

Think you can only save 5% this month? Why not try 10%? What’s the worse that could happen? If you can’t make it without putting your family at harm, then simply tap the funds you planned on not spending.

If you’re wrong, though, then that 10% savings rate could cut the amount you work by years.

If you can handle 10%, why not try 20%?

Again, what’s the harm? The benefits, on the other hand, are very clear.