The 50/30/20 Rule EXPOSED

Get a 10-Day Free Trial of Market Insiders: https://theminoritymindset.com/Market-Insiders . . 🚨Subscribe to our FREE Finance & Business Newsletter🚨 Financial News You Can Finally Use: http://bit.ly/M2FreeNewsletter 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. Subscribe To Our Channel: http://bit.ly/M2YouTube Recommended: You'll Die Broke Following This Financial Plan: https://www.youtube.com/watch?v=mBWWTn9AfkM Things You NEED To Understand About The New Economy: https://www.youtube.com/watch?v=Ziya5w6BELg&list=PLKsS_EjCEmdpTPQF64uDehmbsuHkB5P-i Investing Your Money: https://www.youtube.com/watch?v=U7tJn4qv8Lk&list=PLKsS_EjCEmdojUw_JdJgLKkyPiGJphcmK 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 What Is The Minority Mindset? The Minority Mindset has nothing to do with the way you look or what kind of family you're from. It's a mindset. Give the majority $200 and they will come back with a pair of shoes. Give the minority $200 they will come back with $2,000. Think from the mindset of a consumer and be the provider, that's the Minority Mindset. Don't be the majority. #MIH #GetMoneySmart Twitter: @M2JaspreetSingh Personal Instagram: @M2JaspreetSingh Instagram: http://www.Instagram.com/MinorityMindset Facebook: http://www.Facebook.com/MinorityMindset See more & read our blog! http://www.TheMinorityMindset.com This Video: https://youtu.be/vQcB7fJp_f0 Channel: https://www.youtube.com/MinorityMindset Video host: Jaspreet Singh