Personal Finance

What are the three stages of wealth?

Wealth accumulation is a journey that typically unfolds in three distinct stages: accumulation, preservation, and distribution. Understanding these stages can help individuals plan effectively for their financial future, ensuring that…

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What is Warren Buffett’s 90/10 rule?

Warren Buffett’s 90/10 rule is a simple investment strategy that suggests allocating 90% of your investment portfolio to low-cost index funds and the remaining 10% to short-term government bonds. This…

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What is the 40 40 20 budget?

What is the 40 40 20 Budget? The 40 40 20 budget is a simple financial strategy that allocates income into three key categories: 40% for essentials, 40% for savings…

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What is the 75-15-10 rule?

What is the 75-15-10 Rule? The 75-15-10 rule is a financial budgeting strategy designed to help individuals manage their income effectively by allocating it into three distinct categories: essentials, savings,…

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