The Practical Mystic Show - with Janine Bolon
Business:Investing
You allocate your money in this way using the 60/40 principle:
60% you live on. This goes into your main checking account
10% goes into a long-term saving vehicle (IRA, 401k, Keogh account, solo401k) for retirement. If you don't currently have a retirement account of any kind, open two savings accounts at your bank (one for long-term savings and one for short-term savings)
10% goes into a short-term savings account for use in those occasional large-scale expenses (such as new tires) or emergencies (the hot water heater leaks all over your newly laid carpet!)
10% is tithed to a church or secular charity that is in line with your purpose and passion. this is your "rent" for occupying space on the planet.
10% is pure philanthropy. That's right, you just give it away for the benefit of the community at large. This primes the pump so that the Universe starts sending more money your way.
Once you've retired your debts, you start applying the 60/40 principle to all of your income.
Questions? Take my free online course 10 Steps to Abundance https://app.ruzuku.com/courses/26243/... or
Connect with me on LinkedIn https://www.linkedin.com/in/janinebolon/
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The Practical Mystic Ep0016 - Know What You Want -(Janine Bolon)
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The Practical Mystic Ep0015 - Clarity on Cash (Step 1) -(Janine Bolon)
The Practical Mystic - Reno Longmoons Interview Part 3 of 5
The Practical Mystic Ep0014- Why Should I Meditate -(Janine Bolon)
The Practical Mystic Ep0013 - Mary Ann Johnson -(Janine Bolon)
The Practical Mystic - Alison Repp Interview
The Practical Mystic Ep0012 - Jimmy Trapp -(Janine Bolon)
The Practical Mystic Ep0011 - Whitedove Ganno -(Janine Bolon)
The Practical Mystic - Reno Longmoons Interview Part 2 of 5
The Practical Mystic Ep0010 - Brenda Hardwick -(Janine Bolon)
The Practical Mystic - Reno Longmoons Interview Part 1 of 5
The Practical Mystic Ep0009 - The Praying Medic David Hayes -(Janine Bolon)
The Practical Mystic Ep0008 - Cari Roy -(Janine Bolon)
The Practical Mystic Ep0007 - Jill La Liberte -(Janine Bolon)
The Practical Mystic Ep0006 - Patty Peritz -(Janine Bolon)
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