7. Master Finances - Deepstash
7. Master Finances

7. Master Finances

  • Save 10%-20% of your income and invest wisely.
  • Avoid debt and focus on long-term financial goals.
  • Understand the value of delayed gratification when managing money.

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Similar ideas to 7. Master Finances

7. Create a Financial Plan

7. Create a Financial Plan

Develop a financial strategy that prioritizes long-term stability over short-term indulgences. Save and invest wisely to secure your financial future.

The 70:20:10 budgeting method

The 70:20:10 budgeting method

This method suggests that you allocate 70 percent of your income to expenses, 20 percent to savings, and the remaining 10 percent to debt.

70:20:10 may work for someone with a healthy emergency fund and minimal debt.

20%: Savings

20%: Savings

Finally, try to allocate 20% of your net income to savings and investments. This includes adding money to an emergency fund in a bank savings account, making IRA contributions to a

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