In this video, we talk about one of the personal finance rules of money management that even the wealthy will use. This is called the 60/30/10 rule and it's an updated version of the 50/30/20 because personally, I think the 50/30/20 rule is dead with most Americans dealing with higher costs of living. However, even though the rule has changed a little bit, I show you with math that we can still get to financial independence, and ultimately try to earn our way into the top 1%

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WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

⏱️ Timestamps:
0:00 - Start Here
0:33 - The 50/30/20 Rule Is Outdated
2:51 - Introducing the 60/30/10 & Needs
5:35 - Wants
7:00 - Why 10% Is Still Sufficient
10:13 - Habits of the Wealthy

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