Drunken Money

Paul and John announce "The Six Tenets" of Drunken Money. We break down the steps any millennial can follow to achieve their financial goals. The Six Tenets of Drunken Money: Dream - Have a tangible goal you're trying to accomplish. Make it a SMART goal. Be as descriptive as possible about what you're trying to achieve when you want to achieve it, and break it down into smaller chunks. Specific Measurable Attainable Relevant (or Results Focused) Time-bound Break down your goal into smaller chunks so you know exactly what you need to achieve each week/month. Budget - Build a budget and stick to it. We advocate following the 50/30/20 rule. 50% (maximum) of take-home income should go to needs (rent, mortgage, utilities, internet, food) 30% (maximum) should go to wants (going out to eat, drinking, Netflix, Spotify, clothes, sporting events, concerts) 20% (at least) should go to savings (for an emergency fund, investing to achieve your goals) Use an online tool to help you track your budget, or you can