You’re the boss of your money, and the 20/30/50 rule puts your delegation skills to work. The overarching concept of the rule is to divide and conquer and allocate a specific percentage of your income to a particular area in your financial life. In this rule, 50% of your payment goes to necessities, 30% goes to lifestyle and 20% is set aside for long-term savings.
Getting rich when you’re not a Kardashian might seem like mission impossible. Especially when it seems like those who’ve tapped into the millions have either inherited it or traded Bitcoin a couple of times on the stock exchange.
We’ve all felt that bittersweet feeling when the bank notifies us that money’s been deposited into our account. The month has been longer than the money and now, finally, you can breathe a sigh of relief.