Affluent Savvy
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What is the 10 10 30 50 rule?

Spend Less Money So, if you get a thousand dollars, you live by the “10-10-30-50” rule. The first 10% you tithe, the next 10% you save, 30% is cash in your pocket for incidentals (food, groceries, hair, etc.), and the remaining 50% saved in your checking account for your bills.

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Richardson packages all the information she has received and shares it with others to break the cycle of poverty. Her Hip Hop Sisters Foundation with business partner MC Lyte has presented over $1,000,000 in scholarships for young women. In Richardson’s latest book, The Symphony: A Guide to Creating and Balancing Multiple Streams of Income , she shares her secrets on how to monetize all of your gifts to create a beautiful symphony of income streams. Black Enterprise caught up with Dr. Lynn Richardson to discuss these 3 money strategies that will help you start building wealth right now!

Spend Less Money

One way to start to get control of your money is to spend less of it. So, if you get a thousand dollars, you live by the “10-10-30-50” rule. The first 10% you tithe, the next 10% you save, 30% is cash in your pocket for incidentals (food, groceries, hair, etc.), and the remaining 50% saved in your checking account for your bills. If you don’t have enough money for your bills, you need to eliminate something.

Get More Money

“Multiple streams of income are important and this is what I discuss in my latest book,” she says. “You have to go get more money if you want to build wealth. There are many options out there. You can pick up an extra job, become an Uber driver, do extra shifts at your job, find a way to consult. Continue to stay out there trying to get extra work.”

Get Your Money Back

Get a home-based business. You don’t have to get an L.L.C., corporation, or S corporation. It’s not that serious. As a matter of fact, many of the deductions related to a home-based business you can only get if you file a schedule C on your personal 1040 tax returns. “If I spend money, I always ask myself if I can get it back,” Richardson says. “I write off my cell phone, my gas, my insurance, and travel. My number one business is always business.”

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What are some godly quotes?

"God loves each of us as if there were only one of us." "God never said that the journey would be easy, but He did say that the arrival would be worthwhile." "God will meet you where you are in order to take you where He wants you to go." "God's work done in God's way will never lack God's supplies."

Bible verses, devotionals, and prayers are all powerful ways to connect with God and reflect on his sage words. But there are also inspirational quotes about God that are not written in the Bible but voiced instead by pastors, theologians, saints, authors, and popes. These God quotes not only offer inspiration, but also a glance into His wisdom from the perspective of those who study religion or also have a close relationship with God. If you are looking for new passages to include in your weekly reflections, these powerful God quotes are the perfect words to introduce into your routine. Sometimes, it's hard to trust God and His plan for you, which is why it's impactful to hear other people speak on their relationship and journey with God. This is especially true if you are new to the Christian faith or are returning to the religion after time away. Connecting with God and others through the written word can not only provide strength in your daily life, but also encourage and inspire you to further develop your relationship with God. You can share these God quotes with your prayer group or simply flip back to this collection when you want to not only connect with God, but also with those who follow the same faith.

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