Are you following The Barefoot Investor's budgeting method? Here's why you may want to reconsider. 🤔
The method suggests using only 60% of income for daily expenses, leaving space for savings and investments. 💰
However, this approach assumes spending is under control. Setting too much aside may result in unused funds that could be spent on unnecessary items. 💸
Cost control is crucial for financial stability, and no business owner relies solely on this approach.
In reality, the Barefoot Investor's method may cause more harm than good, leading to wasted money that could have paid off debts.
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