The 50/50 balance rule of handling You Money
Hi there everyone on Hive, it's TheRingMaster back again to share some life changing and rather thought-provoking ideas and realizations.
Now judging from the title of my blog, I wanted to share a rule about Money. Yeah, I know you've heard a lot of rules and principles about making money but this particular one isn't really about how to make money but rather they way to spend what you made.
When it comes to how to spend money, there’s one guy very popular guy called Tristan Tate, The Brother of the famous Andrew Tate who has a rather interesting perspective.
I couldn't get a video of the interview where he shared his perspective but I got a YouTube short edit of what he said
https://youtube.com/shorts/ogp7QZW3UyA?si=kOIvHQUAGZeM4BHO
He says he spends his money like he’s going to live for another 50 years with half of it, and then the other half, like he will only live for another 50 days. That sounds quite interesting and I personally do agree with the idea behind his perspective.
If you start to think about it, it's very true that we never know how much time we have left on earth, so if you become the kind of person that stores everything you make in the name of future investments, some people might not live long enough to that particular future they plan so they would eventually die living millions of dollars in their account without ever having really enjoyed life.
The idea of Tristan is to enjoy the life now, but still be wise for tomorrow. So basically half of what her earns is spent on the things he loves and enjoys and the other half is invested very well.
It’s basically as if you have one leg in the present and the other in the future. I totally agree with this perspective.
You see the thing is that some people fear over-spending or under-saving for a rainy day. But here's the interesting question, ehat if that rainy day never actually arrives? What if you save all this money and you just never really lived? This is what Tristan Tate meant.
He comments on how to get everything out of the lemon of life. And honestly that makes a lot of sense to me. We never really know how long we have right?
However don't misunderstand this and start spending all your earnings. It is all about striking the right balance in life. Tristan is 50-50 but for me I have twisted it a little bit. That’s why I spend 20% as if I am running out of time and the remaining 80%… well, they are meant for future use. I believe that works best for me.
You shouldn't save all your money and never experience anything in this world while you are still alive. Of course it is important to save some cash for future needs but it is also important to just enjoy the present moment as well.
The question you should ask yourself when saving every single dime you earn is; What if tomorrow never comes?
After spending your entire life saving for something that does not occur, what if this happens? It would be such a letdown!
Yeah, so I am totally into getting the most out of life as I can now. That trip, that fancy dinner, dream car, dream house, treating myself occasionally. However, I’m also thinking about tomorrow and saving some money aside for future use. It is all about finding that sweet spot and perfect balance.
Ultimately though, it’s your own life, your own money and your own choices. Tristan has his thing going on and so do I while you have yours too. And that is fine. If there is nothing objectionable with how you live and you are happy then you are okay in my book.
So here’s to striking that balance between living for today and planning for tomorrow. Because we don’t have enough time to worry about money our entire lives. Let’s make hay while the sun shines guys.
Thanks so much for time spent reading my blog. Hope to get your feedback guys.
50/50, one of the two number sets everyone should know!
Thanks for sharing!
!LOLZ
!ALIVE
!PIZZA
Thank you so much for appreciating my blog good friend 🥰 !PIZZA
$PIZZA slices delivered:
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That's fantastic @theringmaster! 🎉🎉🥳🥳
5000 upvotes is a major millstone!
Indeed my good friend @hivebuzz thanks for the motivation.. can't wait for the next achievements
There are different ratios and different tips. Everyone’s situation is different, so while this is good advice that worked for him, a grain of salt is needed.
Yes absolutely Shaidon and I made the same point at the ending part of my blog... The idea is to ensure that you're living good everyday while still preparing for the future.. thanks so much Shaidon
it's the same logic where smart people infest all the money in their knowledge in the one brain, and then one day there's an accident where a person doesn't make contact anymore or does not speak clearly and the body does not move - because health damage is lifelong, which leads to the fact that this smart brain has lost all knowledge. And a person spent money only on himself and did not build a community around him , if something goes wrong with knowledge then look you then infest to other things too... at least there are people around who are supportive for you then.
But nowadays in the Industrial Society, this is not taught - school not let as learn it, but they say that pay taxes then everything is fine 🤭 . I've seen a lot of these working people in their pensional live end, and many have nothing when years of paying taxes when they get old, but those who were able to build a community around them during their lifetime, they always had guests at home, and that at least kept the smile up, in the last few days of their lives.
True ... Not hold all in one hole, hold all 50/50 ... or 25×4 =100 so you have lot more to play in youe life. And do it wisely, yes life is short, I personally feel that people can live several thousand years, but I've also heard that some tip scientists have said that they dare not develop this technologist..why ?... because they have a fear of the world leaders who want to own everything, and scientists are afraid that this technology will be in the wrong hands and only a small group of people can use it .
Wow you absolutely nailed this one good great, infact your examples are son good I wish I even added them to the blog.. thanks so much for the comment and support. Really appreciate
I was just try say how I see it.
And you're right my good friend you're absolutely right
Hello my friend!
I was reading your post and two things crossed my mind:
The first is about his reflection, I really needed to reflect a little on how it would apply in my case. I believe I don't have a 50-50 profile, and like you, I also need to adjust these values to something more conservative like 80-20 or maybe even a little more.
Thinking about Hive, I'm certainly at that level, having saved pretty much everything I've accumulated.
Another point is that if you have the talent to publish reflections like this, you could very well join the FreeCompliments community, the most welcoming community on Hive. There is certainly a place for your posts! We have specific themed days and Sunday is special for reflections!
The FreeCompliments community maintains the following programs:
Find us through the links on your current frontend:
InLeo | Ecency | Peakd
Wow wow wow, I didn't know such an amazing community existed let me go ahead and join.. thanks so much for sharing good friend