Ten years of raises.
The savings rate never moved.
20%
Saved if the raise becomes lifestyle
→
35%
Saved if you bank half of every raise
A friend got his third raise in three years last month. Earns nearly double what he did when we met. Still tells me he cannot find the money to start a SIP. He is not lying. The money showed up. It just never reached the part of the account that compounds.