- Do you struggle to manage your money?
- Do you wait for the last day of the month to get your salary?
- Do you live from pay cheque to pay cheque?
The biggest problem in the world today is that people get their salaries, spend recklessly, and are broke by the 3rd week of the month. Almost 95% of employees live from pay cheque to pay cheque
So, to help you out, I am going to share a model that was created by someone who is making about $50,000 per month. He is an influential person on the Internet, he is a Super Affiliate, and I can guarantee you one thing: If the model worked for him, if the model worked for my mentor, and if it worked for me, it will definitely help and work for you.
Importance Of Saving
As Jack Benny has said, “Try to save something while your salary is small; it’s impossible to save after you begin to earn more.”
So, how you save money becomes extremely important.
I will explain the importance of saving money with a short story. The story is of 2 friends, Charles & Jake. Both of them work together and earn $2,000 a month.
In the first month, Charles spent $700 on his business, general expenses, charity and so on. On the other hand, Jake also spent $700.
NET SAVINGS (1st Month) | Earnings | Expenses | NET SAVINGS |
---|---|---|---|
Charles | $2,000 | $700 | $1,300 |
Jake | $2,000 | $700 | $1, 300 |
In the second month, Charles again spent $700, whereas Jake bought an iPhone 12, expensive clothes and watch and spent a total of $1,900.
NET SAVINGS (2nd Month) | Earnings | Expenses | NET SAVINGS |
---|---|---|---|
Charles | $2,000 + $1,300 (Month 1 Savings) | $700 | $2,600 |
Jake | $2,000 + $1,300 (Month 1 savings) | $1,900 | $1,400 |
Now, in the third month, Charles again spent $700. In the same month, Jake bought a 27-inch iMac for $2,000 and a tuxedo for $500 to show off to his community and friends on social media.
NET SAVINGS (3rd Month) | Earnings | Expenses | NET SAVINGS |
---|---|---|---|
Charles | $2,000 + $2,600 (Month 2 Savings) | $700 | $3,900 |
Jake | $2,000 + $1,400 (Month 2 Savings) | $2,500 | $900 |
So, in 3 months, Charles earned a total of $6,000 and spent a total of $2,100.
On the other hand, Jake also earned a total of $6,000 but he had spent $700 + $1900 + $2,500 for the iMac and tuxedo. So, he spent $5100.
One more thing I would add is that every month, Charles earned $500 more by investing back into his business. So, his total earnings were $6,000 + (3 x $500) = $7,500 of which he had spent $2,100.
So, Charles’ total savings were $5,400. And, the net savings of Jake were $900.
From this story, you can realise that Charles spent his money wisely and invested in things which were really important such as his business, household, bills and so on.
On the other hand, Jake is only left with $900. That is 6 times lesser than that of Charles. From this story, we learn how important it is to invest back into the business to compound, alright?
During a conversation with my mentor, he emphasized how crucial it is to invest back into the business. The best way to multiply your money is to invest back into your business, ok?
I hope you have understood the story. And, I hope you realize how important it is to save and invest money.
Now, let’s come to the second segment. In this segment, I will share the model that helped me to allocate money to different areas of life wisely. The model is called the TWCGO model.
The TWCGO Model For Managing Money Efficiently
The TWCGO model is about dividing your income into different areas and allocating a proportion of your income into different areas. Let’s look at each area one by one.
T: Taxes

The T in the TWCGO model stands for Tax. It includes the Income Tax and GST. For the Taxes, allocate 30% of your income.
For example, if you earn ₹50,000 per month, allocate 30% of ₹50,000, i. e., ₹15,000 for paying taxes.
W: Wealth

The W stands for Wealth. In this area, you keep 10% of the income for investing in Stocks, Mutual Funds, Gold, Silver and so on. When you receive your affiliate commissions or salary, keep 10% for investments.
For example, if you earn ₹50,000 per month, allocate 10% of ₹50,000, i. e., ₹5,000 for generating wealth.
C: Charity

Now, the 3rd step is C – Charity. You can give 10% of your income to the charity you support, or you can donate the money to temples and religious places, alright?
For example, if you earn ₹50,000 per month, allocate 10% of ₹50,000, i. e., ₹5,000 for donating to the charity of your choice or to temples.
G: General

G stands for General. This category will cover your rent, loan payments, bills, household expenses, groceries, the money for vacations and so on. Allocate 30% to General.
For example, if you earn ₹50,000 per month, allocate 30% of ₹50,000, i. e., ₹15,000 for household expenses, vacation, shopping, etc.
O: Operations

And, the last step is O. O stands for Operations such as purchasing business tools, money for marketing, running ads, and so on. Allocate 20% to operations.
For example, if you earn ₹50,000 per month, allocate 20% of ₹50,000, i. e., ₹10,000 for running your Affiliate Marketing business.
I created a Google Sheet that will help you allocate your income in all the different areas. Click this link, create a copy of the sheet and start using it to calculate where you need to spend and how much you need to spend.
Conclusion
So, to summarise, I shared a story with a message that saving and investing are important to multiply money and I also shared the TWCGO model to divide your income into different areas.
The TWCGO Model will help you allocate money to different areas of your life.
Let’s look at each area one by one:
- T (Taxes): Allocate 30% of your affiliate commissions or salary to taxes.
- W (Wealth): Allocate 10% of your income to wealth creation.
- C (Charity): Keep aside 10% of your income to donate to the charity of your choice.
- G (General): Allocate 30% of your income for things you desire
- O (Operations): Keep aside 20% of your affiliate commissions or salary for business operations.
Before coming across this post, how were you managing your money?