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Does anyone put their money into buckets like this? I may try this out, received this from a friend....
Quote:
Make sure you know how to handle your cashflow. Think of buckets, this has helped me.
There are 4 buckets you should always keep in mind for any income you have...Thats income from HYIPs, from playing craps, poker, anything!
Bucket #1: Savings Bucket (30%)
Put 30% of your income into this bucket. This includes CDs, Money Market, Savings Accounts, 401K, ROth IRA, Bank Accounts.
Bucket #2: Growth Bucket (30%)
This can be investments such as stocks, businesses, HYIPs, Autosurfs, your own business, etc. Depending on your tolerance, you can do high risk investments or low risk. As long as its an investment that grows and you can play with. When you get profits from that, use the 4 bucket method again.
Bucket #3: Dream Bucket (30%)
This is a bucket to build your dream vacation, car, buying your wife that diamond ring. Anything that loses value, but makes you hood rich, this is the bucket.
Bucket #4: Play Money Bucket (10%)
Can spend it as soon as you get it. girlfriend, dining out, etc
Use these buckets to allocate your income, and youll see yourself secure, happy, and comfortable. It might take awhile to get used to, but keep doing it, and teach it to others. Life will be so much better if you know how to manage your money.
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