How do i use my income to spend, save and invest?... You know the funny part? everyone spends but not everyone save and invest... Smiles 😄, that sounds funny right? But unfortunately that's true.
Okay, am gonna bring you up to speed on how I use my income to spend, save and invest. Once I receive my income (monthly income) I divide it into three [60/10/30], although I don't like maths but when it comes to money am always a mathematician. The 60% is for my spending. yes spending, were you expecting me to say 50% ? When you know how inflation is hitting hard recently? Ofcourse I need to provide my primary needs ( food, shelter, clothes) and other vital miscellaneous like paying of electricity bill, water bill, environmental bill, subscription bill, let me stop here the bills are getting much already😄. Then I save 10% and invest 30%. You wonder why I save 10% and invest 30% ?, Because I don't dream to be poor, how? Okay let me burst your bubbles,.. since I SPEND 60% of my income taking care of my needs and wants (obviously), I choose to save 10% which is also likely to be SPENT (just that it may be on (emergencies or otherwise), now the only way I have to build my future is to INVEST more than I save👌. [NOTE: Any money spent can never return, but any money invested wisely MUST return in many folds]. This is how I use my income to spend, save and invest.
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That's true. May be my question was an eye opener for such people.