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Old 02-21-09, 04:20 PM
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Default Money Management is Key

I recently attended a conference called the Millionaire Mind. It's gotten great reviews and the guy who runs it (Harv), he has taught many wealthy people money management and the keys to a happy life without worrying about money.
He suggests that money management is key and setting up different funds to allocate your money is a necessity. I wanted to share. He says your income should be split up like this:

50% - necessities
10% - play account - treat yourself with this
10% - education account - for continuous learning
10% - financial freedom account - money here should go into passive investments
10% - emergency fund - store cash
10% - giving account - give and you'll feel good and perform better.

Last edited by Valleygirl; 02-21-09 at 04:49 PM.
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Old 02-21-09, 04:50 PM
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is overwhelmed
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We love hearing about people making smart choices with their money!

I am sorry I edited your post and took out your siggy. We can't have ads in our siggy's unless cleared by the admin.
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Old 02-21-09, 05:43 PM
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to TBC. Thanks for the insight. That's what this board is all about.
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Old 03-04-09, 02:44 AM
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Not a problem, I didn't mean to advertise, lol. I was just really a big fan of the seminar!
I'll be sure to give some more updates of other seminars and books I read. I love the self-help and money related books and i'm always looking for new ways of thinking and ideas.
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