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Owned by Douglas

YOUR WEALTH ROOT - free

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Start strong. Build a clear financial foundation, take control of your money, and grow your wealth with confidence.

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33 contributions to YOUR WEALTH ROOT - free
LEVEL 3 - POST 2 –"The Rule of 72"(A Simple Way to Understand Your Money)
Quick question… 👉 Do you know how long it would take your money to double? Most people don’t. 🧮 Here’s a simple way to figure it out: Take the number 72 ÷ by your rate of return = years to double your money. 💡 Example: - 6% per year = 12 years - 8% per year = 9 years - 10% per year = 7.2 years (roughly) So why whould this matter to you? This isn’t just some formula to discuss at cocktail parties, - It helps you understand what’s realistic for your planning, - It shows how powerful time really is, - It keeps you from chasing unrealistic returns, - It can help you chose investments that can actually help achive your goals, or stay away from those that can't. 🌱 A simple way to think about it: The difference between 6% and 10%isn’t just “a bit more”; 👉 It can cut your time needed in half 👇 Quick check-in Had you seen this before? Comment one of the following below; 1) Yes, I use it 2)Heard of it, but never used it 3)First time seeing it 🌱 Final thought You don’t need to guess how money grows… 👉 You just need a few simple rules to understand it Now that you understand the timing, let’s look at how money actually grows over time. See you at the next Post!
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LEVEL 2 - Controlling Your Cash (Start Here)
Now that you’ve stabilized your foundation…it’s time to move along your "Root" and begin to take control of your money. 🔑 The shift: Step 1 = Awareness of your cash flow Step 2 = Controlling and using your cash flow At this level of the pyramid, you’ll learn how to: 👉 Protect yourself👉 Build consistency👉 Create financial breathing room What’s coming next: We’ll walk through: 1️⃣ Building your emergency fund 2️⃣ Using the 10% rule 3️⃣ Automating your system 4️⃣ Turning control into freedom Take these steps one at a time, there is no need to rush - that could actually cause you harm. 👇 ACTION STEP: Comment BELOW; “STARTING LEVEL 2” Then, when you’re ready, begin to move through the following posts and steps. This is where things will really begin to feel different. Start with the next post: Build Your Emergency Fund
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LEVEL 2 - Post 2 – Emergency Fund
What is it?, think of it as your first line of Financial Protection, similar to insurance on your car, this is a form of insurance on your daily expenses. Before you start anything else… you need a buffer. 👉 Target/ : 4–7 months of basic expenses, kept in a seperate Savings account - not your regular account. This isn’t savings. 👉 This is protection. Unexpected expenses will happen.This is what keeps you stable when they do. 👇 Action: Calculate your monthly essentials, Multiply by 4–7 months. Please Comment below: “I know my number” once you are done. NOTE: I know that this may seem completely unrealistic at first. You may be thinking that there is no way I can save this. Don't worry, you can and I will show you how starting in the next post/step.
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LEVEL 2 - Post 3 – The 10% Rule
Learn to Pay Yourself First - this is one of the first and most important rules you need to know. Most people spend first… and save what’s left. We need to reverse that. 👉 Save 10% of your after tax income first 💡 Why this works: - Builds consistency - Creates discipline - Feels manageable - becomes easier - out of sight, out of mind. 👉 Consistency beats intensity Action: - Set up an automatic 10% transfer - set it up with your bank and match it so that right after your pay comes in 10% goes to your seperate savings account. 👇 Please Comment below: “10% SET” when done. If you are unsure about how to do this, feel free to reach out to me and I can help.
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LEVEL 2 - Post 4– Automate It
⚙️ Remove Willpower from the Equation of regular savings. If you rely on your discipline to set aside money… your savings habit won’t last. 👉 Automation = consistency without effort 🎯 Set it up as follows: - Automatic transfer - 10% of your after tax pay - Every payday - Into a separate account Make it invisible → make it consistent - it will become painless as you stop noticing it is not available as part of your income. 👇 Once you have this set up, Please comment below: “AUTOMATED”
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1-10 of 33
Douglas Mackenzie
3
27points to level up
@douglas-mackenzie-8269
30 years training advisors and investors taught me most people start in the wrong place—I help them get their money right before investing.

Active 9h ago
Joined Dec 29, 2025
Canada