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You may have heard of the traditional 50/30/20 rule of money. Well, this 50/30/20 plan isn't as smart of a financial plan as you might think. So let's analyze this budgeting system.
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The 50/30/20 Rule EXPOSED
0:14 The traditional 50/30/20 rule of money
1:06 Why the 50/30/20 rule doesn’t work as good as planned
1:40 Saving is making you poorer
3:20 The 50/30/20 rule encourages you to spend more on luxuries even if you don’t want to
4:48 Comparing this 50/30/20 rule to my 50/30/20 rule
5:58 Budgeting with our 75/15/10 financial plan
6:37 Create a financial plan to thrive not just survive
8:18 Old financial thinking isn’t enough


What Is The Minority Mindset?
The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset.

Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000.

Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #GetMoneySmart


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This Video:    • The 50/30/20 Rule EXPOSED  
Channel:    / minoritymindset  

Video host: Jaspreet Singh