Uploaded February 2025 | Updated September 2026, 18 minutes ago
In this video, I present a high level overview on how to manage your money using the 70/20/10 Rule.
Money management is 90% discipline and 10% knowledge. The 70/20/10 rule will force you to create a budget and understand where every one of your after-tax dollars is going.
70% of your budget should be spent on needs which are things that are essential to life and that you literally cannot live without.
20% should be allocated to savings and investing.
10% should be used to pay off any remaining debt, then used as you wish once you're debt free.
I feel like a lot of people confuse wants for needs, and we know the difference deep down, but we really want the one that we don't have the self-discipline to say no to.
MY FAVORITE TOOLS & RESOURCES
🏫 WBFU - My Private Community - lp.whiteboardfinance.com
🏠 Get My Home Affordability Spreadsheet - whiteboardfinance.com/go/ytmember
₿ $5 FREE Bitcoin (River): river.com/whiteboardfinance
🔒 Ledger - Store Your Bitcoin The Right Way - whiteboardfinance.com/go/ledger
💰 My FREE Stock Market For Beginners Course - whiteboardfinance.com/go/stocksguide
MY OTHER SOCIALS:
🐦 X - twitter.com/whiteboardfin
📸 Instagram - instagram.com/whiteboardfinance
Chapters:
00:00 Intro
00:42 70 20 10 Rule
02:47 Example
04:20 How To Automate
06:49 Other Rules
08:47 LOL
WHO AM I? 👇
If we haven’t met before - Hi 👋 I’m Marko, and I’ve been investing since 2006, and I got my finance degree in 2010. My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of investment gains or losses.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
In this video, I present a high level overview on how to manage your money using the 70/20/10 Rule.
Money management is 90% discipline and 10% knowledge. The 70/20/10 rule will force you to create a budget and understand where every one of your after-tax dollars is going.
70% of your budget should be spent on needs which are things that are essential to life and that you literally cannot live without.
20% should be allocated to savings and investing.
10% should be used to pay off any remaining debt, then used as you wish once you're debt free.
I feel like a lot of people confuse wants for needs, and we know the difference deep down, but we really want the one that we don't have the self-discipline to say no to.
MY FAVORITE TOOLS & RESOURCES
🏫 WBFU - My Private Community - lp.whiteboardfinance.com
🏠 Get My Home Affordability Spreadsheet - whiteboardfinance.com/go/ytmember
₿ $5 FREE Bitcoin (River): river.com/whiteboardfinance
🔒 Ledger - Store Your Bitcoin The Right Way - whiteboardfinance.com/go/ledger
💰 My FREE Stock Market For Beginners Course - whiteboardfinance.com/go/stocksguide
MY OTHER SOCIALS:
🐦 X - twitter.com/whiteboardfin
📸 Instagram - instagram.com/whiteboardfinance
Chapters:
00:00 Intro
00:42 70 20 10 Rule
02:47 Example
04:20 How To Automate
06:49 Other Rules
08:47 LOL
WHO AM I? 👇
If we haven’t met before - Hi 👋 I’m Marko, and I’ve been investing since 2006, and I got my finance degree in 2010. My mission is to provide my viewers with actionable content that enables them to create financial wealth. My videos reflect my real-world experience as a real estate investor, stock market investor, student of finance, and entrepreneur.
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. You must conduct your own research. I am merely sharing my opinion with no guarantee of investment gains or losses.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.
