ilmscore | Prediction Details
"one of the simplest things you can do is follow something like percentage my 7551 plan which means for every dollar that you earn 75 cents is the maximum that you can spend 15 cents is the minimum that you invest and 10 cents is the minimum that you save and this never changes with your income the only thing that you would ever change is after after you hit that savings goal for your emergency savings you don't keep saving your money for the Emergency because you built that whatever months you want you put that towards your Investments yes and now whether you're making 40 Grand 400 Grand 4 million 40 million you just keep following the same thing and you're living below your means and now you're constantly putting money aside for Investments"
By Minority Mindset | August 20, 2024 | Pending
From video
The System is Keeping You Poor - Here’s the Blueprint to Break Free 00:14:06 - 00:14:48
Interpreted Prediction
The speaker proposes a '75/15/10 plan' for managing income: a maximum of 75% for spending, a minimum of 15% for investment, and a minimum of 10% for savings. This proportion remains constant regardless of income level, with any excess savings being redirected to investments after emergency fund goals are met.

Prediction Details

Topic
Investment System (75/15/10 Plan)

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