HDTutorial
EN
How To Budget (50/30/20 Rule)

Playback starts YouTube’s embedded player (privacy-enhanced mode).

How To Budget (50/30/20 Rule)

7,021 views October 11, 2020 23:11

Watch on YouTube
ChannelValuetainment Economics

Description from the creator

Adam Sosnick breaks down the terminology you need to know when it comes to the language of money and investments. Find out in today's video. Subscribe to the channel bit.ly/2OmqLOZ

About Adam: Adam "Sos" Sosnick has lived a true rags to riches story. But he wasn’t always an authority on money. In fact he was quite the opposite.

Before hitting it in big in finance in his thirties, he worked every job under the sun in his twenties. He was a radio advertising salesman for Clear Channel, a party promoter, a hotel manager, a substitute teacher, a sports agent, he even did standup comedy. Life had a lot of perks, but was making NO money.

Recommended videos:
- 10 Things That are Killing Your Wealth: youtu.be/VTQQyXhTzuo
- How to Win The Money Game: youtu.be/44b-2QHyacI

In 2006, eager to start making real money, Sos got an entry level job at a financial firm as a cold caller. After a few years of cutting his teeth and learning the ropes of the world of finance, Sos got promoted to VP of Sales and began to make some good money. All the while, the financial world around him was crumbling due to the 2008 Great Recession. He saw people go from making millions to losing their jobs overnight. It was at that moment he recognized the SAVETHATMONEY mantra.

Sos started this project to: wake young people up when it comes to money. He incorporates his high profile friends and influential financial connections to show that spending money is not that cool, and it’s all about #SaveThatMoney. You save to invest. Invest in appreciating assets, yourself, and helping people around you.

Watch his journey to save young Americans from financial ruin.

Follow on social media:
Instagram: instagram.com/sostalksmoney/
Facebook: facebook.com/SosTalksMoney/

Email: [email protected]

Music co - owned and licensed with permission by Azim Rock

***This channel is associated with Valuetainment Media founded by Patrick Bet-David***

About this tutorial

Valuetainment Economics published this 23:11 video tutorial on October 11, 2020. It has been watched 7,021 times on YouTube.

Duration
23:11
Published
October 11, 2020
Views
7,021
Likes
493

Tags

Share

Further reading

  • 50/30/20 Budgeting Rule: What It Is & How It Works millennialmoneyman.com

    The 50/30/20 rule is a budgeting framework that outlines what percentage of your income to allocate for the three of the most important parts of your budget. The premise is simple — you allocate 50% of your budget for y…

  • What Is the 50/30/20 Rule Budget & How Do I Use It? | Credit ... creditkarma.com

    The 50/30/20 rule budget is a simple way to budget that doesn’t involve detailed budgeting categories. Instead, you spend 50% of your after-tax pay on needs, 30% on wants, and 20% on savings or paying off debt.

  • The 50/30/20 Budgeting Rule—How It Works thebalance.com

    Using the 50-30-20 rule, you can spend no more than $1,750 on your needs per month. You probably can't afford a $1,500-a-month rent or mortgage payment, at least not unless your utilities, car payment, minimum credit ca…

This tutorial in other languages