Fleet MaullThe Entrepreneur’s Zen Master

🎙️ NEW EPISODE! 💰 Are you making your money work for you? @TheSharkDaymond

20 Mar 2025 · 0 min

Watch on YouTube

0:26

YouTube clip of Daymond John (featured on Fleet Maull's channel) giving a simple budgeting rule: mentally split income into three "dollars"/buckets — first for necessities (food, medicine, living), second for investments (or investing via stock market if not an entrepreneur), and third for discretionary wants. Over time, money from the investment bucket can flow back into the other buckets.

Questions this video answers

Necessities — food, medicine, living expenses.

An investment (e.g., put money into the stock market if not an entrepreneur).

Discretionary wants — things you'd like to have but don't have to have.

This is talking about understanding what it is. When you get $3 in the household. This how do you get $3? 3 million $3 trillion. The first dollar always goes for what you have to pay for your food, medicine, living. The second dollar is an investment. If you don't want to be an entrepreneur, think entrepreneur. Work at your day job and put money into the stock market. And the third dollar goes for what you would like to have but don't have to have. What happens After a while, bucket number two flows into three and one.