April 19, 2014

Paying yourself first is one of the most important wealth creating habits you can learn. Why? How can you implement it?

2 thoughts on “April 19, 2014”

  1. Garrett Haag says:

    Paying yourself first is when you take money right off the bat and set it aside in savings, it develops good savings habits as soon as you can, you will also have an emergency account if you set some of the money aside. People find it had to save money after they have had their fun with it, most people would rather go to the movies then save that ten dollars. If you set up an automatic bank transfer to your savings account from your paycheck or a automatic investment to vanguard you would be done with it as some as you get payed.

  2. Mike Finley says:

    Well said, Garrett. Let’s review.

    Paying yourself first rather than last, starts you down the path toward wealth creation. Save first, spend what is left (but not more) and never mix these two up. It really is that simple. Set up those automatic payments that come out of your paycheck or bank account immediately upon getting paid and then do it month after month, year after year, decade after decade. Financial freedom will follow!

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