ilmscore | Prediction Details
"following something like a 75 15 10 plan now after I work to pay down my credit card debt this is where I need to give every dollar that I earn from here and out a job I didn't need to do that before because before every time I had an extra dollar either I'm going to work to save that $2,000 or I'm going to use that extra dollar to pay down my credit card debt now that I've zeroed all my credit card debts now that I have a couple Grand in the bank this is where I have a little bit of financial cushion and I can use my money a little bit more strategically and this is where I want to be proactive because I know what wealthy people do is they have a plan for their money before they earn their money but what everybody else does what the majority of people do is they make money they spend their money and then they wonder where all their money went no more of that and this is where I would want to build a financial system something like a 751 1510 plan which says for every dollar that I earn from here and out 75 cents is the maximum that I can spend 15 cents is the minimum that I'm investing and 10 cents is the minimum that I'm saving now the whole point behind this is this savings money is there to protect me against an emergency this investment money is there to make me wealthy this spending money is what I use to look rich this is what I used to eat this is what I used to pay for my home this is what I used to pay for my car this is what I used to pay for everything else all the things that are not really there to make me wealthy these Investments are there to make me wealthy"
By Minority Mindset | February 15, 2024 | Pending
From video
My 10 Step Checklist To Become A Millionaire 00:15:23 - 00:16:46
Interpreted Prediction
A 75/15/10 plan suggests allocating 75% to spending, 15% to investing for wealth, and 10% to savings for emergencies. This proactive system ensures money has a designated purpose.

Prediction Details

Topic
Financial System Allocation

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.