How to Get Ahead Financially as a Software Engineer

If you make a six figure income, are you guaranteed a great retirement? My earlier post generated some discussion. There, I stated that someone making a six figure income may be just as well off during retirement as someone making half that income.

What was pointed out to me was that the six figure income earner has more options. However, this only translates into a great retirement if the earner decides to put away a good chuck of that money. It was pointed out to me that in Chinese culture, putting away $250 for every $1000 made was quite common.In fact, according to blog.checkadvantage.com, Chinese people are much more strategic with their money.

Do you think that Americans should be saving more money? Do you think you should be saving more money? What are some of the reasons we aren't saving as much money as we should be?

This post was reposted from http://finlit.biz/retirement-2/how-to-get-ahead-financially-as-a-software-engineer/, originally written on January 20th, 2013.