Financial Power Blog

The 50/30/20 budget Rule is a budgeting technique that helps people manage their finances more sustainably and effectively. The rule breaks the net monthly Income into three segments: Needs (50%), wants (30%), and savings (20%). With the monthly Income divided into the three sets of buckets, individuals can effectively use their money without going beyond the set limit of every bucket.   2.0 How to Set a Budget Using The 50/30/20 Budget Rule   2.1 Needs- 50% of the Income   The first step of this rule is setting aside half of the salary to cater to some essential items....

Many think that the goal in life is lots of money, but the goal should be the freedom it gives. Financial independence equals freedom. There is no other goal than the freedom money will bring. Financial Freedom means you earn money in proportion to the amount of work you put into the universe. The universe wants you to be successful, but you must put in effort to achieve it. Effort is the key and will always be key. A lot of effort up front to bring the back end freedom. Most people view obstacles in a purely negative way, when in fact obstacles make us...