1 00:00:00,199 --> 00:00:01,032 (beeps) 2 00:00:01,032 --> 00:00:04,510 (cash register dings) 3 00:00:04,510 --> 00:00:07,800 So when we're looking at percentages of income, 4 00:00:07,800 --> 00:00:09,800 we're looking at having 70% or less 5 00:00:09,800 --> 00:00:11,930 going towards living expenses, 6 00:00:11,930 --> 00:00:15,030 that is comprised of everything from entertainment 7 00:00:15,030 --> 00:00:17,960 all the way to paying rent, 20% or less 8 00:00:17,960 --> 00:00:20,260 is going towards debts, and 10% or more 9 00:00:20,260 --> 00:00:22,000 is going towards savings. 10 00:00:22,000 --> 00:00:24,180 It is imperative that you have a nice, 11 00:00:24,180 --> 00:00:26,210 I call it the savings house. 12 00:00:26,210 --> 00:00:28,370 So you're looking at a three-tier structure on that 13 00:00:28,370 --> 00:00:30,470 to make sure that you are mitigating risk. 14 00:00:37,602 --> 00:00:39,355 (air whooshes) 15 00:00:39,355 --> 00:00:41,215 (booms) 16 00:00:41,215 --> 00:00:43,069 (air whooshes) (chimes)