@modernadulting6857
The basic rule is to divide up after-tax income and allocate it to spend: 50% on needs, 30% on wants, and socking away 20% to savings. The ultimate lifetime money plan.
@ritahermit4815
There is no other better way to manage your funds than creating a side hustle which earns you while you still do your normal job. Plan B is always essential in one's life. I invest heavily since 9months now and its been the best 9months of my life.. Forex is a good investment
@McKnightCutkosky
just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
@Education-Edge
Oh wow. I was creating a video on this as we speak. Hahaha. But yes, love that we are spreading great information that will help people with their finances!! ❤️🤙🏽
@blgdinger3
lmao "john's an average guy making $4,500 a month after tax"
@angelalicea4753
I think that should be: needs, debts and saving. Paying housing is a need, but pay others things like personal loans and student loans can be in a separate category, because you can live with out pay those. You will have a bad credit history if you do so, but you won't die. Debts: personal loans, student loans, data plan and other monthly payments. Clothes and mechanic are not monthly payments so you can move that money to saving until it is necessary in that way you can earn interest if your saving account have some.
@bensonrakitic9061
Damn! daily income is way too important. Money is attracted to those who celebrate it. money follows value. the more value you provide the more m thy oney comes your way. whether someone becomes rich by teaching how to be rich or by learning. i celebrate every broker out there, thank you for adding value to customers. Initially deposited $3,500 to get a return of $10k, but i had access to only a 75% of my profit and the other 25% as commission for expertise.
@kendethar
Y'all making these 50/30/20 rules need to elaborate more in depth. How does one know he/she is going over or under on a budgeted want category (i.e. fast food)? If you are over/under on percentage for a need/want, you should adjust either your budget or spending habits. You should be setting up allotments (automatic transfers) in accordance with your budget. Debt payment/savings is more important than wants and should be 30% and wants should be 20%, because the more you tribulation when your young, the better off you'll be when your 40 or retiring. How do you track your money to stay within your budget? Are balancing checkbooks really an effective way? (It's not, because its not real-time for making spending decisions, and so much more.) Is a budget even feasible if your not going to track your money? What does tracking money or budgeting even mean if you don't have your money flow toward a financial goal over time? Do you have a purpose behind why you're using the 50/30/20 rule - do you have financial goals beside just knowing where your money is going? ... there's so much to finances that these videos don't really help on.
@vernasinclair2318
Thank you!💙👍
@olimabdanov
very good tanks iam from uzbekiston
@marymungai4429
50 % 30% 20 % rule divide your needs wants and saving or paying off debt. great idea 1.. limit your needs to the minimum. adjust your needs 2.difine your wants, 3. save up or pay debt open an emergency account.
@quentinmenager922
Love the way you present this budget rule
@techfarm9629
great video about 50-30-20 money rule"
@tramhuynh7883
Great video with informative content. I can learn more manage finance and saving money through your tutorial. That's great
@asiborjackilyn3872
Such great info. Thank you po.
@anselmolinero4983
really this content is very good I used your method and it worked
@Gorondus
I think the hardest thing is to decide which is a need and which is a want
@abdulhakeemhamad9115
Thanks for the information
@forever_rockout2.0
thank u for this
@silverlina