How To Manage Your Money Like The Top 1% (The 60/30/10 Rule)

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Title	:	How To Manage Your Money Like The Top 1% (The 60/30/10 Rule)
Lasting	:	14.46
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I appreciate your commitment to guiding others toward financial success We all strive for security and a better quality of life, and this can be achieved through smart investments, mindful spending, and effective budgeting I'm thankful I discovered the value of hard work and financial independence early on in my journey
Comment from : @viviancarolgioao

Currently retired and I have most of my 401k contributions of $200K going into small cap and utility funds, because these seem to be at a "discount" right nowI'm hoping this is a valid thought process?
Comment from : @CandiceHandelle

Given the current volatility in the stock market, I believe investors should divert their attention to lesser-known stocks With 35 of my $270k portfolio invested in stocks that have sharply declined from their previously high status, I find myself at a loss on how to proceed, feeling overwhelmed by the situation
Comment from : @DesireeJames-q1z

I’m glad I invested $425k in TSLA when I did, and with Trump coming into power, this could just the beginning for the company I have $190k to explore other opportunities—what stocks should I add to my watchlist?
Comment from : @TropicalGoodnesss

Fast food should always be viewed as a luxury, just like any form of dining out
Comment from : @nickcruz8748

Thanks for your efforts Marketfeed, very interesting and useful Video, I like the way you have explained stocks, you are just like my Mentor, her strategies helps beginners to earn in the market without loss
Comment from : @Mariecardona58

Expectations: 45/20/35brReality: 90/8/2
Comment from : @zxtremedemon

Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money I started investing below the $100k mark and in the first 2 months, my portfolio was reading $234,800 Crazy right!, I decided to reinvest a huge percentage of my profit and it got more interesting! For over a year we have been working together making consistent profit just bought my second home at the beginning of summer
Comment from : @GeorgestraitStriat

How about the 45 for taxes it should be 45/25/20/10
Comment from : @itzebuddy8762

60 on needs is too much Spend only 50 brWants can be 5 to 10 brWith the rest in savings/investments
Comment from : @keywestalert6329

was particularly bothered about if the Roth IRA and vanguard indexes are only for american citizens? could someone pleasee explain
Comment from : @nova-fy8my

50-need 30-saving 20-wants anyone?
Comment from : @dan7533

Inflation: hold my beer 😂😂
Comment from : @sirTangale

I usually look up your videos for updates! Our government has no idea how people are suffering these days I feel for people with disabilities not getting the help they deserve Thank you Mrs Emily L Romano, imagine investing $12,000 and received $305,500
Comment from : @MarcusDiana

01:08 I'm picking my jaw off the floor brI've always considered fast food to be a luxury
Comment from : @BeeblebroxTheThird

This is dumb… that 1314 milli won’t buy a bag of chips by the time her is 65 True, but is it really??
Comment from : @JMZM7907

Great video, Id only argue that gym/fitness is 100 a need
Comment from : @andretheseal9837

I love video that highlight someone making 50 today and in 40 something years that’s 1 M trying to factor in that that equals their salary from 40 years ago but never adjusts their potential salary after 3-5 per year is now a lot higher
Comment from : @richardwysocki7490

Sigh, the old inflation nugget rears its ugly head again How can this keep happening? The effect is massive Your retirement savings calculation for Marty McFly at 7:50 with a 42 year balance of $1,314,332 is way out because 8 is most definitely not a Real Return figure With historic average inflation at 33 his retirement account balance at 8 for 42 years would be $336,118 Apply the 4 rule to that and his "comfortable retirement" annual income as you call it is a whopping $13,444
Comment from : @DiscoFang

lol everyone here lives an auto-gaslighters dream :DD
Comment from : @BanaGhoo

I sort of follow guide this but I flipped the last two I dedicate 30 of my income to savings and investments & 10 of my income to wants
Comment from : @thomas_dries

Hi Humphrey, how about insurances in The Netherlands that takes about 10 of the pie and in the US? In our household its divided as like:brSavings 14brInsurances 10brFixed costs house (mortage)16brFixed costs car 10brDaycare 5brother fixed costs like netflix 10brPersonal spending 18brFood an other 17br Is that normal? Thanks for your opinion
Comment from : @davemuller441

I've always been fascinated by how top investors achieve millionaire status through their investments Currently, I'm sitting on $345K from a home sale and I'm torn between investing in stocks or holding out for a better opportunity
Comment from : @hannahbrownnn

GYM is not a want 😒
Comment from : @Diogenes20111

I think gym membership should be a need not a want (for the basic membership), because that will greatly reduce medical expenses for the long term
Comment from : @Jymbroni

Great video , I always appreciate the information
Comment from : @alanbrandenburg1564

My main worry is how to increase my $240k reserve, which has been sitting idle for a very long time with little to no profits I understand the long-term strategy, but my savings are being eaten up by inflation, and my portfolio is losing value every day I need to find a solution
Comment from : @LuvmeRos

What about someone thats 22 no bills and lives at home making 1700 a month I buy groceries pay for gas thats it
Comment from : @xpologyz

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Comment from : @inayathkhan9441

The fact that nobody talks about the book whispers of manifestation on borlest speaks volumes about how people are stuck in a trance
Comment from : @डिप्टी90

as
Comment from : @manjuladave2001

das
Comment from : @parmgit5556

there's a book called whispers of manifestation on borlest , and it talks about how using some secret tehniques you can attract almost everything in life it's not some bullshit law of attraction, it's the real deal
Comment from : @sanwarlalgujar8268

Hahahaha, in what fantasy land can anyone pay all their bills on half their income? Most people are cashing in 401k's and building up credit card debt because they are living in the red due to the successes of the Biden admin as it destroys the country, leading the G20 in toppling western civilization so they can establish Globalism
Comment from : @johnsprague4914

Any suggestions for a basic post tax calculator for CA?
Comment from : @cansinyildiz

So if I’m saving 10 of my income, I’m on track for a comfy retirement, right? 🤔💰
Comment from : @ThrowBackZone

Love from Australia!!! Keep it up mate
Comment from : @drpeemac

I'm new to BTC/Cryto investment and I've been making losses trying to make profit myself in trading I thought trading demo account is just like trading trading the real market Can anyone help me out or at least advise me on what to do?
Comment from : @Dejones-z2D

Gym membership for me is a need as it is essential for your health
Comment from : @ember1187

10 invested isn't enough unless you start at nearly 18 15 minimum and 20 if you don't start till 30 years old and 5 more each 5 years after 30 if you start latebrbrEx 35yr old 25 investedbr40yr old starting 30br45 yr old starting 35br50 yr old 40 brAnd these would still be considered minimal based on starting age
Comment from : @jt411

I use the 40/40/20 rulebr20 wantsbr40 service debts and savings br40 on needs
Comment from : @Chops473

Is the limit for contributing to a Roth IRA gross or taxable income? Is there a different limit for married filing jointly folks?
Comment from : @bluered3228

I’m pretty aggressive with 50 (needs) - 10 (wants) - 40 (investing) As a single mom with childcare that cost more than my mortgage, I encourage people to keep grinding! You got this
Comment from : @thedailywithbecky3673

CORRECTION:brbrIn Australia addition contribution to you super are from pre tax, but you pay fixed tax of 15 that is way lower than income tax (variable)brbrFor example, put extra 300 AUD on my superannuation, and as result receive income of only 200 AUD less
Comment from : @MrRamkulov

You are brilliant- damn!
Comment from : @jeany2023

Look rule great 👌
Comment from : @MASTERQTV

The cost of places like McDonald's went up so much because they were forced to increase minimum wage
Comment from : @Mathew__Thomas

Dude you need to do something about all these scam bots in your comments, PLEASE
Comment from : @Jrv175

Absolute rubbish In the USA most folk are living paychech to paycheck, this site is totally irrelevant
Comment from : @MENSAlady2

75/15/10
Comment from : @geoffrian

Im 50 50 0when I go, I go empty handed
Comment from : @passionnotparked9099

I would be interesting to see what kind of yearly return we get if everyone starts to save 10-20 of thier salarybrInstead of spending it
Comment from : @dennislindberg2589

I make basic money like 50k a year and just started investing this year at 33 years i have invested 1,600 so far but will do more basically anytime i got extra money i put a couple hundred in and 50 a week into VOO
Comment from : @capttokki1811

Duuuude I live in poland Over 50 of income goes only into flat rental of 60m and that's divided by 2 person xD
Comment from : @adrianstachowski9422

Creating wealth entails establishing positive routines, I had only $78k to my name at 42 when I first woke up to this reality I chose the stock market as a medium of growth, got an excellent financial advisor, Financial management is a vital subject that many avoid, often leading to future regrets
Comment from : @Raymondcraw1967RaymondCrawley

For me it’s 55/20/25 needs/ wants/ savings I’ve been looking into investing but I’m really not too sure on what to look for 😂
Comment from : @dirty2403

I always thought it was 20 of gross This is reassuring as I save around 15 gross or 30 of net
Comment from : @MTLGSE

So frustrating that every time I come to your comment section it is (for me at least) basically only the spam bots peddling scam investors Love your work Humphrey!
Comment from : @dianawelch4920

So sad that the investment and future planning had to take that 10 cut to needs just because boomers absolutely ruined the world
Comment from : @invertedsausage8649

I appreciate you mentioning countries other than the US
Comment from : @oliversmall

Are pet food and supplies needs or wants? are gifts for loved ones needs or wants? Are snacks, sweets, or seltzers needs or wants? Are supplements (not prescribed medication) needs or wants? ugh
Comment from : @littleleafy

It's sad how difficult things have become in this recessive economy I was wondering how to utilize some money I had I used some of it for e-commerce business, but that sank I'm thinking of how to protect my $150K-worth stock portfolio from decline, but haven't figured which way to go
Comment from : @LarsBergstrom-uh2eu

This only applies to billionaires brThe rest of us struggle for daily needs Thanks jb
Comment from : @chadr4013

One lesson I've learned from millionaires is to always put your money to work, no matter how small Even investing $100 per month can compound to tremendous wealth over decades The key is to keep going!
Comment from : @CharlieNelson8

I would love if you did a video accounting for people who like to donate to charity I personally donate 125 of my gross income It would be interesting to explore what it's like to target retirement based on that, and also how to calculate what to give based on your retirement earnings
Comment from : @StevenDavisPhoto

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them Well, at least my advisor does too, jokingly
Comment from : @KarenLavia

These spam comments are getting out of hand Yall don't have lives 😂
Comment from : @ZackSeifMusic

Is it weird that I feel 10 is to low for saving and investing
Comment from : @sONsONER0

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Katherine Stewart
Comment from : @mustafaburak1123

Hey, small question I stuff a bit of money away every month to the side so I can buy "medium" purchases like a new Phone, Holidays, Gifts, and so on Does that qualify as "Saving" or does that belong to the "Wants" category?brIt is spend at the end for stuff i WANT but in theory i SAVE it of a later date to buy things I want/need so I don't have to use credit or something like thatbrThanks for the explenation and keep up your great work Really enjoy your content and the way you describe this stuff, even tho it's a little different in Switzerland, it gives a good understanding about the whole stuff
Comment from : @MrNetgearUser

Using 8 rate of return, but not consider inflation doesn't work Either you reduce the rate of return by inflation or you need to adjust the 4 target with inflation brbrSo 10 saving will not get you to your FI number in your example
Comment from : @p0yyy

I am retiring at 45 Managing your money the right way will help you reach your goals so fast
Comment from : @SuccessfulLifeInvesting

is it ever worth it to go with a before tax 401(k) instead of a roth 401k?
Comment from : @DysyR

I have a 401k with just over 100k I have 40k in a Roth 401k and the rest is traditional and a match How could I separate them bc my work puts them all in one account
Comment from : @brianschanne6941

30 is too much wants I think 15 should be wants and 15 savings and 10 investing Once you have your 6 months of expenses you can do 20 savings and 20 investing
Comment from : @karimelmoutawakil7295

Hello?! 10 saving is for dummies and beginners it shouldn't be called savings, it's just like leftovers for ordinary people if you are not broke or in unhealthy debt
Comment from : @nzmoonlight7602

Taking 10 from your savings and not your wants is fucking wild what is this shit?
Comment from : @Seanhaggs

Don't forget child care! Child care is a big expense that many don't factor into their expenses as a need
Comment from : @sagarnaik3004

The 10 very much reminds me of the book I read decades ago called The Wealthy Barber by David Chilton Give it read if you haven't Some decent wisdom contained within
Comment from : @r655321

Transfer of wealth usually occur during market crash, so the more stocks drop, the more I buy, in the meanwhile I'm just focused on making better investments and earning more as recession fear increases, apparently there are strategies to 3x gains in this present market cos I read of someone that pulled a profit of $350k within 6months, and it would really help if you could make a video covering these strategies
Comment from : @DonaldMark-ne7se

I’ll be the one to argue that your subscriptions sometimes can be a need 😅😅
Comment from : @heymaritr

Newbies need to learn the ropes, know how much risk they can handle and diversify their portfolio Some folks get help from money experts or do their homework before making investment moves It's all about being smart with your funds
Comment from : @jerrycampbell-ut9yf

I do 40/20/40 40 needs, 20 wants, 40 invested/cash savings I am single, I live in a 1 bedroom in a Midwest suburb My apartment is the perfect size, I cook at home and meal prep with rice or pasta, veggies plus a fish or chick (beef tacos occasionally), and once a month I might order pizza With a small apartment my heating and cooling is low I have a paid for car I try to keep in the best condition (15 years so far) I put a lot into saving and investments because I am 46 and I want to pack in as much as I can now so it can compound and reach financial independents by 60 and at that point I can choose to stay at my current jobs (if I am still here) or I can try something new without the financial worry I'm also a homebody so If I do spend it is on my hobbies; gaming, drawing, playing guitar I can see this switching to 60/30/10 as I get closer to 60
Comment from : @BanjoTartlets

Its sad because here in Colombia a “proper” income its like 12k a year
Comment from : @Pipe-fn6bh

The bots in the comments are craaazzyyyy
Comment from : @ZuckMihoff

I’d make it 60/20/20 10 is not enough to save
Comment from : @jasonhobbs2405

Every time your income goes up, you should be buying more dividend paying whole life insurance Funding your own banking system, and controling the baking funtion in your life is more important than investing
Comment from : @Thewealthwarehousepodcast