Cryptocurrency Q&A
What is the 70 30 20 rule for savings?
What is the 70 30 20 rule for savings?
mia_rose_lawyer
Fri Feb 14 2025
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6
answers
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I've heard about a savings rule called the 70 30 20 rule, but I'm not sure what it means. Can someone explain this rule to me and how it can help me with my savings goals?
6 answers
mia_harrison_painter
Sun Feb 16 2025
Many individuals fall into the trap of believing they must eliminate their debts entirely before embarking on an investment journey.
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CryptoVanguard
Sat Feb 15 2025
This misconception often leads them to overlook a crucial factor in achieving success in investments: the power of time.
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Riccardo
Sat Feb 15 2025
The remaining 30% should be allocated as follows: 20% should be saved for future investments, while 10% can be donated to a church or a favorite charity.
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Alessandro
Sat Feb 15 2025
Time allows investments to grow and compound, potentially leading to substantial returns over the long term.
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CryptoMaven
Sat Feb 15 2025
The 70/30 Rule offers a practical approach to managing finances effectively while pursuing investment opportunities.
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