The #1 Way To Budget Your Income - Robert Kiyosaki

It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. - Robert Kiyosaki

While the average American saves in the 5% range, the average Amish adult saves close to 20% of their monthly income. Savings becomes a way of life for the Amish and creates a sense of financial independence. Knowing that you owe money to no one, and are actually accruing interest on your savings, is something most Amish cherish.

If you earn $1000 a week, save 20% of it, which is $200 for safekeeping. In this short video, Robert Kiyosaki recommends 30% instead.
The #1 Way To Budget Your Income - Robert Kiyosaki
Dec 22, 2021
Rich Dad Short Clips
I have achieved financial success through a simple method called, ‘Pay Yourself First’. ✍️ Essentially, this is a way of prioritizing your financial savings and investing, making it an expense item on your budget… the most important one! Here’s how we applied this philosophy in practice. We would allocate 10% into a general savings account, another 10% into our investing account, and a final 10% into a charity account. To learn more about personal finance, go to https://www.richdad.com/. 💸
VIDEO SOURCE: https://www.youtube.com/watch?v=6KVwldAwyK8

Wealth gained hastily will dwindle, but whoever gathers little by little will increase it. – Proverbs 13:11 (ESV)

Precious treasure and oil are in a wise man's dwelling, but a foolish man devours it. – Proverbs 21:20 (ESV)

It's not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for. - Robert Kiyosaki

Money will never make you happy if you are an unhappy person. – Robert Kiyosaki

Making more money will not solve your problems if cash flow management is your problem. - Robert Kiyosaki

Money is only a tool, not a goal. – Amish Proverb

“Financial discipline demands that you have a budget. Control your money. Do not let money control you. Discipline yourself to make sure that the flow of your money is gong in the right direction at all times.” — Noel Jones

A budget is telling your money where to go instead of wondering where it went. - Dave Ramsey

“Financial peace isn’t the acquisition of stuff. It’s learning to live on less than you make, so you can give money back and have money to invest. You can’t win until you do this.” – Dave Ramsey

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