How To Manage Your Money Like The 1%

Here's how to manage your money like the 1%: the 75/10/15 Rule will allow you to build wealth regardless of how much you earn.
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⌚️Timestamps:
00:00 How The 1% Manage Their Money
00:16 The 75 in the 75/10/15 Rule
02:35 The 10 in the 75/10/15 Rule
05:27 The 15 in the 75/10/15 Rule
06:51 The 2 Accounts To Start With
10:10 But What Should YOU Invest In?
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All opinions expressed by Vincent Chan are solely Vincent Chan’s opinions. You should not treat any opinion expressed by Vincent Chan as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Vincent Chan’s opinions are based upon information he considers reliable, but does not warrant its completeness or accuracy, and it should not be relied upon as such. Vincent Chan is not under any obligation to update or correct any information provided. Vincent Chan’s statements and opinions are subject to change without notice.

Past performance is not indicative of future results. Vincent Chan does not guarantee any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned. Before acting on information, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.

[wpelfeta]

The best skill to learn for saving money is cooking.

[LivaHolst]

Net worth snowballs after $1M. Keep investing regularly and you'll be blown away how much it can change in a few short years. Here's to $1 million and to FIRE!

[munjudevi]

Anyone else here obsessed with Secret Pathway To Triumph? It's like discovering a secret treasure map for wealth!

[ktube]

i admire your dedication to educating your audience. We all aim for financial stability and a better life. Achieving this is possible through wise investments, frugal living, and careful budgeting. I'm grateful that I learned the importance of working hard for financial freedom at a young age.

[SeanTalkoff]

Success depends on the actions or steps you take to achieve it. Building wealth involves developing good habits like regularly putting money away in intervals for solid investments. Financial management is a crucial topic that most tend to shy away from, and ends up haunting them in the near future.., I pray that anyone who reads this will be successful in life!!

[roddywoods]

Just sold a property in Texas and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.

[dirkthewrench]

This is good advice, but if you really want your money to grow like a billionaire, have you considered committing massive fraud?

[Jennyuk]

As an investment enthusiast, I'm intrigued by how top-tier investors manage to become millionaires through their investments. While I have a substantial amount of initial capital, I'm uncertain about the strategies and approaches necessary to achieve returns exceeding $400k, as some have done this season.

[TilSchweiger-if]

If you wanna be successful, you most take responsibility for your emotions, not place the blame on others. In addition to make you feel more guilty about your faults, pointing the finger at others will only serve to increase your sense of personal accountability. There's always a risk in every investment, yet people still invest and succeed. You must look outward if you wanna be successful in life.

[PaulieAmerous]

This would be great if 75% of my income didnt go to rent alone

[Thesakuraharona]

After covid, I decided to start saving as much as I could reasonably. Saved me a few days ago when car needed repairs. The more you have in the emergency fund, the less stress you will ultimately have. Still hurts, but so much better than worrying about how to get the funds

[mariocruz]

I attended seminars before about how to spend your income using percentage but only 1 speaker ever have this one thing to spend or save of. It is to save a small perecntage of your money to give to other people in need. I am amazed by how he included that aspect because most "financial advisors" fan suggest the 75/10/15 rule or 50/30/20 rule but very few people will say that u must save a small amount of your money to donate to people who are in need. If all of people adopted that kind of mindset everyone can help the unfortunate people so that the world can be a better place for them to live even with their circumstances

[AnthonyJustice-ix]

You work for a 40yrs to have $1m in your retirement, meanwhile some people are putting just $10k in a bitcion coin for just fe months and now they are multimillionaires thanks to Charlotte Grace Miller

[IamAWESOME]

Small purchases add up quick. Small bad habits will easily over take single time big purchases by the laws of large numbers

[michaelschiemer]

The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation

[draetonbybee]

I follow the 50 30 20 rule. 50% on savings/emergency fund, 30% on living expenses, and 20% on things i want.

[merlinfitz]

I want a balanced portfolio with growth investments, safe investments, and also focus on dividends to gain up to $20K monthly, my concern is picking the right stocks that can survive a recession. How do i go about this?

[PleeseCallMeDan]

Premium gas vs regular depends on the car you bought. You’ll be spending more in maintenance if you put lower octane fuel in a high octane car.

[savannahglembin]

Creating wealth entails establishing positive routines, such as consistently setting aside funds at regular intervals for sound investments. Financial management is a vital subject that many avoid, often leading to future regrets.

[josephhughes]

Thank you for sharing. Financial education is crucial today to show incredible resilience and discipline in the volatile market, masterfully balancing strategy and insight for success.
This dedication to continuous learning is inspiring. managed to grow a nest egg of around 100k to a decent 432k in the space of a few months... I'm especially grateful to Sophia Elaine, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape..