MONEY

The Basics.

The 50/30/20 rule is a simple budgeting method that divides your monthly after-tax income into three distinct categories: 50% for non-negotiable expenses, 30% for wants, and 20% for savings or debt repayment.

The Big Secret.

We all have a money number in our head. If we go above that number, we spend to get back to it. Why most lottery winners lose it all. Go below that number, and we panic and work until we get back to it. If you pay attention to yourself, you will see your own number clearly

To change the number in your head, handwrite a great 10-minute story about having the amount of money you want. Write the same story for 4 days in a row. Your brain will do the rest.