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Memorise these 4 numbers Number 1. Take your monthly income and multiply it by 0.1. This is the maximum you should spend on a car payment each month. No. Number 2. Take your monthly income and multiply it by 0.15. This is your minimum monthly investing target. No. Number 3. Take your essential monthly expenses, multiply them by three. This is your emergency fund to be placed in a high yield savings account. If you like this kind of content, press follow. And Number 4. Take your monthly income, multiply it by 300. This is how big your investment portfolio should be to replace your income.