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

In this video, we talk about one of the personal finance rules of money management that even the wealthy will use. This is called the 60/30/10 rule and it's an updated version of the 50/30/20 because personally, I think the 50/30/20 rule is dead with most Americans dealing with higher costs of living. However, even though the rule has changed a little bit, I show you with math that we can still get to financial independence, and ultimately try to earn our way into the top 1%

Car Affordability Video:    • How Much Car Can You Really Afford? (...  
Pro-rata Rule: https://smartasset.com/retirement/a-g...

FREE STOCKS:
🏆 Webull Deposit a Minimum of $500 and Get a Guaranteed $50 Free Stock: https://www.webull.com/k/HumphreyYang
🏆 Webull UK: https://www.webull-uk.com/i/humphreyUK
💸 SoFi Checking & Savings: https://sofi.com/humphrey Get up to 4.40% APY, pay no account fees and earn $250 when you sign up and set up direct deposit. Terms apply.
👾 Join our free Discord Community:   / discord  

RESOURCES:
💵 Free Templates: https://beacons.ai/humphreytalks/free...
🐪 Hump Days Newsletter ➭ https://humpdays.substack.com
▶️ See What I Invest In ➭ https://whop.com/c/critical-wealth/ytd

💳 My Favorite Credit Cards ➭ https://cardonomics.com/i/humphrey


MY SOCIALS:
Secret Channel --    / @hug  
Instagram --   / humphreytalks  
Twitter --   / humphreytalks  
TikTok --   / humphreytalks  
Rickie (Editor) ➭   / coldgamerick  

WHO AM I?
Hello 👋 I’m Humphrey, I used to be a financial advisor, worked in gaming/tech, and started my own eCommerce business. I make practical, rational content on investing, personal finance, the news, and much more with a data-backed approach. My goal is to help you with financial literacy and creating wealth.

PS: I am no longer a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!

⏱️ Timestamps:
0:00 - Start Here
0:33 - The 50/30/20 Rule Is Outdated
2:51 - Introducing the 60/30/10 & Needs
5:35 - Wants
7:00 - Why 10% Is Still Sufficient
10:13 - Habits of the Wealthy