Home Videos How To Handle Your Cash (50/30/20 Rule)

49 COMMENTS

  1. I agree in principle with the three way split. I disagree with the proportions. The needs definitely need to be 50% which includes all bills and the yearly dream holiday and savings for a replacement low mileage used car. Your savings must include a retirement plan this needs to be at least 40% When you retire you can work on the basis that things will be 10 to 15x more expensive than when you were 18 as you reach 65. You need 10% for wants only!'

  2. Everyone has been preaching "buy now, stocks are at a discount" but I've been buying stocks at a discount since the beginning of the year and yet the cycle continues with more losses, I know the idea is to hold long term but God I could really give anything to see some growth happen to my portfolio.

  3. * I am so fortunate that I made productive decisions about my finances that changed my life forever. I am a single mum living in Melbourne Australia who bought my second home in September and is hoping to retire next year at 50 if things continue to go smoothly for me

  4. The Market have been suffering over the past month, with all the three indexes recording losses in recent weeks. My $400,000 portfolio is down by approximately 20%, any recommendations to scale up my returns before retirement will be highly appreciated.

  5. Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.

  6. The markets are still doubtful that the Federal Reserve will keep to its plan to raise interest rates until inflation is under control, even if bond yields are rising while stock prices are falling. What is the greatest method to profit from the current bear market while I'm still deciding whether to sell my $401,000 worth of stocks?

  7. fantastic video Everybody wants to be financially independent and live a better life. With savvy investing, an inexpensive lifestyle, and diligent budgeting, this is not difficult to do. I'm glad I realized early on that achieving financial freedom requires hard work.

  8. Do you consider that this rule just applies based only on your main source of income? Let say you have a side gig just once and got payed $100, would you applied the same 50/30/20 rule over that 100? or would you use it just for savings for example? I appreciate any input, this is something that I always struggle with. 🙁

  9. Well, unfortunately, in some countries this is almost impossible. Me, as an engeneer, can't pay needs with my salary. 50% goes to rent and bills. The rest is food. We can't have many "wants" here. Can say that every person I know can agree with it.. 😔

  10. Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. Hence what are the best stocks to buy now or put on a watchlist? I’ve been trying to grow my portfolio of $260K for sometime now, my major challenge is not knowing the best entry and exit strategies… I would greatly appreciate any suggestions.

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  15. Good video! I think a lot of people would appreciate an example breakdown of this🙂 especially when it comes to the sorts of areas and pools pension money goes to 👌

  16. invstors need to act cautiously but remain vigilant in monitoring the market landscape for opportunities to pick up high-quality assets at discounted prices. These are difficult environments, but they also coincide with the best opportunities.

  17. Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.

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