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RE: ScaredyCatGuide's Random Personal Finance Tip (a VLOG entry)
Good stuff. Used to be more towards those percentages and thought I would share my crazy percentages:
- < 5% towards living expenses (mortgage, food, utilities, etc.) Room & board is offered inexchange for using my crypto knowledge to help others.
- < 5% toward long-term savings/rainy day fund (for emergencies or replacement of large ticket items)
- +/- 95 % for investing/passive income creation (investing in and acquiring income producing assets) This seems to be more of where @virtualgrowth lives, eats, learns, and has fun
- < 5% for fun time money (pure discretionary income to spend on anything you like!)
- < 5% for learning and getting better (taking a class or a course, i.e, learning something new)
Hell yeah Virtual! I was doing 60% of my income toward acquiring rental properties for a few years at one point. I like it, full throttle.