:moneybag:Necessities should be a priority when allocating your money.
:chart_with_upwards_trend:Investing in treasury bills can provide high interest rates and safety.
:bank:High-yield savings accounts offer higher interest rates than normal savings accounts.
:video_game:Investing in your hobbies can lead to fulfillment and potential side hustles.
:house:Consider real estate investing, such as house hacking or real estate crowdfunding.
What is the 50/30/20 rule?
—The 50/30/20 rule suggests allocating 50% of your money to needs, 30% to wants, and 20% to savings.
How can I invest in treasury bills?
—You can invest in treasury bills through brokerage accounts, such as Vanguard.
What is a high-yield savings account?
—A high-yield savings account is a savings account that offers a higher interest rate than regular savings accounts.
How can I monetize my hobbies?
—You can monetize your hobbies by building skills and creating a website or blog to showcase your work.
What is house hacking?
—House hacking refers to buying a house and renting out rooms to offset the housing payment.
00:00Introduction to the importance of where to put your money after getting paid.
00:30The first place your money should go is towards necessities, prioritizing needs over wants.
02:32Consider investing in treasury bills for high interest rates and safety.
03:53High-yield savings accounts offer higher interest rates and easy accessibility.
05:45Investing in your hobbies can bring fulfillment and potentially lead to side hustles.
07:32Real estate investment options, such as house hacking and real estate crowdfunding.
08:44Allocate a portion of your money to a checking account for immediate accessibility.
09:45Consider investing in retirement accounts for long-term wealth accumulation.
