"THE 20% RULE" Will Forever Change Your Financial Decisions
"THE 20% RULE" Will Forever Change Your Financial Decisions

"THE 20% RULE" Will Forever Change Your Financial Decisions

Betsnat Bt

7 min
Business & Finance
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Description

<p> </p> <p><span style= "font-size: 14pt; font-family: arial, helvetica, sans-serif; color: #2b3e50;"> <span style="font-weight: 400;">What you want to think about is that every time you want to buy something, how much revenue do you have to cover for the purchases you have to spend? We can’t just spend unlimited money when we have limited sources. </span></span></p> <p><span style= "font-weight: 400; font-size: 14pt; font-family: arial, helvetica, sans-serif; color: #2b3e50;"> As business people, spending money is inevitable when we see money coming in but do not consider other expenditures such as bills, taxes, payrolls, and labor that we have to take care of before taking home the total revenue.</span></p> <p><span style= "font-weight: 400; font-size: 14pt; font-family: arial, helvetica, sans-serif; color: #34495e;"> <span style="color: #2b3e50;">Today's episode is about sharing how I use the 20% rule before making any abrupt decision on spending money, whether it is necessary or not.</span></span></p> <p style="text-align: center;"> </p> <p style="text-align: center;"><strong><em><span style= "font-size: 14pt; font-family: arial, helvetica, sans-serif; color: #34495e;"> <span style="color: #2b3e50;">"You start dreaming about maybe toys you want to buy, and I've had this obsession for three years. I want to get an RV or one of those luxury campers I could tow behind my truck. So I go with my family to the beach. And like I'm having visions of what it's going to be like, and then you meet people who got campers and RVs. And at least an RV. Some of them like it's a nightmare. It's a money pit."</span><br /></span></em></strong></p> <p style="text-align: center;"><span style= "color: #2b3e50;"><strong><span style= "font-size: 14pt; font-family: arial, helvetica, sans-serif;">- Keith Kalfas</span></strong></span></p> <p> </p> <p> </p> <p><span style= "font-size: 24pt; color: #07342e;"><strong><span style= "font-family: book antiqua, palatino, serif;"><span style= "color: #0a5240;">Why you have to listen to today'

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