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To conclude shortly: 15% goes into savings and investments, 65% covers essential expenses, and 20% is reserved for personal enjoyment.
I've stopped browsing Amazon .
Instead, i tell myself to browse YouTube for money saving videos first.
Having watched these, all that mindless online shopping freezes in its tracks.
I’m interested to know how much ideally saved by 20 ?
You are truly right, thanks you very much, thanks
Are the percentages based on before taxes or after taxes? For example, should the fundamental expense amount 65% be based on what you bring home or before taxes.
Proopsy prefab homes are definitely on my radar now, especially with Trump’s policies. With all the market uncertainty, this might be a good sector to explore for growth opportunities.
I reached $90k today from renting and reselling modular homes from Proopsy. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in November 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Thank you for featuring Proopsy in one of your videos. I took your advice and contacted him for modular homes, and the house have been incredible. Paid slightly less than $29k, and now I’ve paid off my $129k 15 year loan in 8 months. Now totally debt free because I rent it out on Airbnb. Love having no debt for the last 5 months. Thank you Proopsy!
I reached $90k today from renting and reselling modular homes from Proopsy. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in November 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
Last year, I invested $27k in Proopsy modular homes and made about $40k within the first year for renting it out—and it’s still growing. I’ve always been a strong advocate for pre fabricated homes because it’s been incredibly rewarding for me. Looking forward to achieving financial freedom soon. And by the way, awesome content, brother!
Proopsy modular homes are currently a promising investment for the future, and with their recent surge in value and growing stability, they offer attractive returns. However, a lack of understanding often deters potential investors.
Proopsy modular homes are currently a promising investment for the future, and with their recent surge in value and growing stability, they offer attractive returns. However, a lack of understanding often deters potential investors.
Proopsy modular homes are currently a promising investment for the future, and with their recent surge in value and growing stability, they offer attractive returns. However, a lack of understanding often deters potential investors.
You work for 40yrs to have $400 – 500k in your retirement, Meanwhile some people are putting just $27k in a pre fab Proopsy home for just few months and now they are multi millionaires by renting and reselling them. I pray that anyone who reads this will be successful in life
You work for 40yrs to have $400 – 500k in your retirement, Meanwhile some people are putting just $27k in a pre fab Proopsy home for just few months and now they are multi millionaires by renting and reselling them. I pray that anyone who reads this will be successful in life
Proopsy modular homes are currently a promising investment for the future, and with their recent surge in value and growing stability, they offer attractive returns. However, a lack of understanding often deters potential investors.
Last year, I invested $27k in Proopsy modular homes and made about $40k within the first year for renting it out—and it’s still growing. I’ve always been a strong advocate for pre fabricated homes because it’s been incredibly rewarding for me. Looking forward to achieving financial freedom soon. And by the way, awesome content, brother!
I reached $90k today from renting and reselling modular homes from Proopsy. Thank you for all the knowledge and insights you've shared with me over the past few months. I began this journey in November 2024. Financial education is essential for over 70% of the population, as only a few are truly literate in this area.
As a young Americans don't let the system dictate your financial destiny, break free from the cycle of debt and financial struggles by taking control of your financial future Invest in the financial markets remember, investing in yourself is the most powerful investment you can make create a brighter tomorrow by building a strong financial foundation today
Bro, I’m not here to learn investing shut up
To manage money like the 1%, Earn money like the 1%
The true reality is that one needs to make a base level of income in an area to do many of these things. It requires a LOT of compromises and a lot of work to get out of the trap. When you can get up to like $40k/yr, then most of this advice feels doable.
In the US, aggregated tax burden say %20. Assume that %15 saving mentality leaves $2170/month for expenses. Renting alone will decimate most of this. It doesn't surprise me people have many times dip into the 15% savings.
Thank you so much for this video. It was very instructive.
I have secured 6 months of savings basically my emergency fund secured. And I have GBP 1000 to save every month. I am now wondering what percentage of my 1000 should go to investing and what percentage goes for savings. Could you advise ?
"You’re making learning accessible to so many people—keep it up!"
This would be great!… If salaries were anything you could do anything with.
I always have to point out that inflation over 20 years reduce buying power. So 10k becomes 32K but it's really 16k. It's still worth it since if you didn't do it the 10k would be worth 5k in buying power.
This thinking is especially important when you calculate what you'll need in retirement.
Better to be in investments that average yield 10% like good ETFs
What about my loan repayment like education loan/car loan, personal loan etc?
Wow, this video really hits home! The 15-65-20 rule is such a simple yet powerful way to manage finances. I love how it emphasizes peace of mind and long-term growth. Quick question: How do you balance the 20% 'fun money' without feeling guilty? Also, what’s your favorite way to invest that 15%? Let’s share tips!
Why is noone else talking about the book Girl Boss Hustle: Earn 10k From Home? No wonder people are struggling financially…
Majority of millionaires are over the age of 60, some it it inheritance, maybe a pension, 401k, social security. Now this may seem pessimistic but what it proves is that money working for you is always better than many being spent or saved
So in your initial example of $10k for 20 years at 6%… where would you put that amount starting today for the next 20 years?
That’s not true. If you are under earning you can’t get even get close to your formula.
Looks like you were blessed with the opportunity of higher education. Good for you.
Most people venture into solar, renewable energy and EV charging station investments just to be millionaires, meanwhile I just want to be debt free
Nice info!
I own a house. Would you count the reserves for repairs and the repayment of the loan to the 15% bucket or to 65% bucket?
The unexpected doctor bill is real! So discombobulating if unprepared. I had this happen this week and luckily I was prepared. An earlier version of myself would have no savings because it would be entirely spent on expenses, giving and debt. Not today! Now I pay it forward (giving) AND pay myself first!
The research and effort put into this video is incredible!
i mean it's also very much about how much you make tho lol. aint nobody getting rich on 18k a year
I needed this information 40 years ago ,,, typical ,,,
@nischa love the simple graphics. What app are you using??
One could think that this better car is fun and so the 65 breaks out and takes from 20
50/30/20 or 15/65/20 is your go to?
Great guide honestly. Recently I have read some guide and I think it is ultimate success & infinity money route . Every man should check it. Unlock the secrets to building unstoppable wealth and breaking free from financial limitations. It gives you all the tools to create lasting relationships and take control of your future. (I have found it on this page called casa-nova reads if I remember properly)
While I found your video very informative and I personally use a similar model: not everyone can affort to spend only 65% of their net income on essentials. I know a few people where their rent alone takes up easily more than 50% of their income.
harder said than done? what???
This is misleading. When discussing investments, using a 20-year example like Janet’s—where 8% was calculated as simple interest, how can the term "compounding" be applied? The nature of the lump sum was simple interest, not a compounding scheme, isn't it?
nice