Conclusion
👉👉Let 70%- 80% of your income goes to asset. It is better to invest ones money on asset than getting liabilities that will bring no income.
👉👉Only acquire liability if the liability will add value to you, your business or improve the income made in your business.
👉👉Only acquire liability after gotten a good investment that is capable of providing enough returns for your home and the liability purchased maintenances.
First of all its is not really possible to expect someone to invest their 70% of their income, even if they invested 20 to 30% then they will attain financial freedom sooner and probably can live the life sfter retirement peacefully. So I just wanted to keep the amount to somewhat realistic which is 25%.
Better realize the difference between needs and wants so they can spend money economically.