How to Invest: Budget Your Savings, Spend, and Investments | Phil Town

Hey Phil, I use the JARS Money Management System. This is 55% needs, 10% Education, 10% Play, 10% Long Term Savings, 10% Financial Investments, and 5% Giving.

This system seems to work very well for me. But you could easily use 50/30/20 and simplify the whole idea.

New investors facing tough decisions. Manage risk vs reward, by planning your trade through Benjamin Bilal

I save the 20 percent of my monthly salaray

Hi, will u be vancouver to do the workshop again?

You will be living middle income if you have credit card and car loan. Stay away from those stuff. Buy $5000 car not $40,000 car.

You talk so much!!?

Thanks

Here is what everyone could do.
You can do whatever amount for the Investing,Saving,and Needing since it is your account.

For new investors from what I currently know about I am not sure if I am accurate or not but
A Dividend means that you earned a small portion from a company you own.

When the stock market is down,it is like a discount but there may be some loss with money

And when the stock market is up you earn income or share’s from the company.

https://bnc.lt/E1yh/iqWj4zwV8T

Way too much rambling

What’s your thoughts on 401k? I work in the oil and gas industry and my employer offers it. I’m at 9% of my paycheck every 2 weeks. Is this considered saving and investing?

U said that story a million times.. you forgetting???

30% save/invest -70% needs/wants (including day to day, trips, clothes, Christmas expenses and weekend money)

Since I still live with my parents & go to university I try to save at least 50% of my salary (that’s the amount I pay myself first with). In reality though, I often end up saving much more as I often have too much money in my checking account earning no interest.

I have been hoarding money into savings, but am too scared to invest. Am going to make that leap this year. I have a lot of ground to make up.

I've been fortunate to have a job where they can take a % of my pay and put it into the company share and I've been saving 3%/pay so far. I'm close to being debt free so once that's done, I will be upping it to my max which is 5%. Thanks for you videos Phil! They're very helpful and informative.

Invest my emergency fund in stocks? Nope.

How about investing in term deposits?

Half my money is in vested in mid to large cap mutual funds and half sits in cash account , At age 59 1/2 , what do you think Phil ,thanks .

actually atm i dont really want much so its 40%needs, 55% save , and 5% wants. at the moment im still using wikifolio to try out some companies over the midterm(6+months) to see and play around with them and gauge if its worth investing into. and im also kinda waiting for the big crash(if that happens) because id like to have a good sum sitting in cash when that happens so i can go shopping (for stocks ofcourse) 😀

That was a great tip on whether to invest all of the money when starting out with very little. I´m at that stage right now. Thanks Phil.

Im waiting for a down turn in the market and going all in baby, in inrements obviously and make it super wealthy in one huge swoop on the rebound.?

Where can I learn about investment as concretely as possible? I have never invested and am unfamiliar with taxes and legal documents that I need for buying stocks. I also don't understand when I would need a broker. Can someone point me in the right direction? I'm from India.

Thank you! Great videos!

Me and my wife came up with this popular breakdown 50%keep 25%bills 35%invest. Then we break down our keep* into small goals that we might have like buying tires for car. Also keep* works as cover for bills in case of bigger bills. Our C.C are covered with keep* not bills. Once there is more in keep* at the end of the month we tend to take half and put in invest. But first you have to establish enough cash on side to cover 10-12 months in case of emergency. So you can keep paying for you’re house once something happens.

60% living expenses, 20% emergency fund( pay off debt or unexpected issues) if no emergencies it goes into a savings/ investing account. 10% for spending, and 10% into a special wants account ( holidays, new tv etc ). The real trick is getting your living expenses down as much as possible to allocate elsewhere .

100% in stock's sit on the couch for 39 years till I'm rich..now go play ?.. become a suger daddy ?

This is a very good share. A great advice on how to manage your money. As to what Sir Warren Buffet's advices – goo.gl/cx9tNH . It's really true. Opportunities will come to our lives. We just need to learn when and how to grab them! ?

70 percent -savings and 30 percent – needs

Lately I'd spend about 30% (that includes everything including CC, gasoline, automobile insurance and all living expenses), invest about 45% and save the remaining 25% . (Honestly for me this is high spending; this is coming off of Summer 2018 where I took two trips spending five weeks total on holiday, even while lodging for free, and flying coach on budget airlines!)

This month, even with two large non-recurring items (and genuinely non-recurring, not an accounting trick), I'd like to get the spend down to 25% of my net pay, then 20% thenceforth, and increase savings correspondingly.

I am 45. No retirement. Mortgage paid off in 2023. Student entering University in 2019. Student #2 entering University in 2021. RESP(kids education fund) is $25,000(Cdn). No debt. Married. Investing $50/month to WealthSimple. No Emergency Savings.
My head is spinning. Where to begin?

“Put it in bonds” lol that’s horrible advice

So, basically according to what you said… Starting at 48, I'm pretty much toast, huh?

Investing 25% Savings 65% Spend 10% However, I am saving to pay cash for a house in a couple years.

30% expenses, 50 % invest and 20% emergency fund

I have about $10,000 in savings and I am confused about how to invest it without making a loss

45% spend, 25% debt repayment, 10% save and 20% invest

I don’t invest,spend,save and pay my debt….save 39%

Have 13000 dollars debt

You suck

I love your videos Phil. I have 10% in pension, 15% in stock, 5% secret fund, and 10% cash. I am going to buy your book, Phil, after I finished my current one.

im saving 75~80% of my money, so how many % from this saving should i be investing? my main investment is bitcoin currency

How do u make 20-25 percent a year