How to "Budget" for Your Prosperity and Wealth
Many budget systems give you a good feeling as you start, but cannot produce the sustainable results you need to build real prosperity. As an example take Senator & Presidential candidate Elizabeth Warren\u2019s book which recommends a 50-20-30 budget system.
\xa0
This budget system reminds you of a typical government budget when you realize that only 50% of your income is allocated to necessities that require 60% of an average American household income. Oops!
Maybe you could fit necessities into 50% of your income, especially if your income is above average, but this is not a great plan for keeping more of the money you make OR building prosperity.
\xa0
Better start with something you know will be sustainable and a plan to NOT lose the money you save. Try the 10-20-70 system and make sure you \u201cpay yourself first\u201d. This system has been around for a long time. You know it will be sustainable and if you can save more than 10% (or 30%) of your income, all the better.
\xa0
Resources:
See how the 10-20-70 Budget System Works + Get the Worksheets Free