Financial Lifecycle (3 components)
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Early Years (0-30) Setting foundation
Good earning years (30-60) Peak period
Retirement years (60+) Enjoyment
, 80/10/10 rule
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Live on 80%
Save 10%
Give away 10%
Control Spending by controlling the BIG 5!
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1. Food
2. Transportation
3. Shelter
4. Insurance
5. Taxes
(ft.sit)
Look over all the advice for newly weds...
Give this one a try later!
-communication is key
-good to have keep some independence and build your own credit
-Combining assets are fine, don't combine debts
-Switch up who controls the finances, so everyone can be aware of the bills
and money flow...
Give this one a try later!
Early Years (0-30) Setting foundation
Good earning years (30-60) Peak period
Retirement years (60+) Enjoyment
, 80/10/10 rule
Give this one a try later!
Live on 80%
Save 10%
Give away 10%
Control Spending by controlling the BIG 5!
Give this one a try later!
1. Food
2. Transportation
3. Shelter
4. Insurance
5. Taxes
(ft.sit)
Look over all the advice for newly weds...
Give this one a try later!
-communication is key
-good to have keep some independence and build your own credit
-Combining assets are fine, don't combine debts
-Switch up who controls the finances, so everyone can be aware of the bills
and money flow...
