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RE: LeoThread 2023-06-19 20:06

in LeoFinance2 years ago

"Maximize your savings potential with the 50/30/20 rule: Allocate 50% of your income for essentials, 30% for personal expenses, and save 20% for future goals" - How would you equate this doing it with crypto? Just curious. #crypto #askleo

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80% for taxes, 20% for essentials these days lol

I think for crypto, it's going to depend on how widely it's adopted. If it's completely usable as currency, then same principle/ratio can likely be applied!

The gummit will figure out a way to make it 80% them either way 🤪🤣 @freecompliments

I personally try to reinvest over 50% of everything I make into either investments or business (LEO)

It’s not possible for everyone depending on life circumstances

I always tell ppl I know to put at least 10% toward crypto / investments

Regarding the 10% that's definitely a friendly and reasonable tip to give someone @khaleelkazi