Ndubuisi Egwim's AMAS system automatically saves 20% of income while 80% covers living costs. Test it for two months, build a three-to-six-month emergency fund, then invest. He learned active investing through formal training in balance sheets and cash-flow analysis, and says no doctor following the 20% rule has gone homeless.
I feel very proud the way you breaking down all the systems. These are like the things we dealt with in the mastermind, right? About first of all, build your foundation, pay off expensive debt, and, but don't try to do it and then starve your life. You can do it by setting aside, that's the whole AMAS, Automated Monthly Allocated Savings system. So you have a direct debit standing order, it's sending that money away, 20%, it goes out. You've got 80%, somehow your life fits into it. Sure. And after working with hundreds of doctors so far, I've never seen anyone who said, I set aside 20%, then I was, I became homeless because I couldn't pay my council tax bill or my rent. I'll say, okay, experiment the first 2 months. Let the cash still be available for you. You can still go back. Now, after you've saved up that, you've saved up some money, let's say you've saved up an emergency fund, at least 3 to 6 months. For most people, then you can start thinking about investing. So let's talk a little bit about investing because I see that you're doing both passive and active investing. Nothing wrong with that because obviously for active investing, I know you've been through the Investing Academy, you've learned how to read balance sheets, cash flow statements, income statements. So you're not just blindly thinking that company sounds nice. You're able to do a discounted cash flow analysis and all that.
