How I treat every $1 that comes in…
5% give away
50% invest
20% taxes 🤔
25% spend
Some months it doesn’t look like that, but I track the totals and try to reconcile it at the end of the year. Goes hand in hand with tracking income/expenses every month, along with net worth.
Not knowing where your money is going is the biggest deterrent to saving!
But tracking every penny helps me see if I’m spending in line with my values and course correct if not.
Shoutout to one of my favorite books Your Money or Your Life by Vicky Robin for teaching me that!
#financialfreedom#FIRE#passiveincome#realestate#yourmoneyoryourlife#financialindependence#buyahouseinLA#5%