The 50/30/20 Rule EXPOSED

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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


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

Video host: Jaspreet Singh