Pay yourself first
Prioritize saving and investing by setting aside a portion of your income before spending on non-essential items. This practice helps you build a strong financial foundation and achieve long-term goals.
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Similar ideas to Pay yourself first
Pay Yourself First
The fundamental principle of wealth-building is to pay yourself first. This means:
- Save at least 10% of all income before paying other expenses
- This portion is sacred and must be saved regardless of other demands
- The 10% is not for spending but for ...
Pay Yourself First
Prioritise your savings, not saving what is left after spending.
When budgeting, consider what is necessary to cover your basic needs, then figure out how much you want to save. The leftover is spending money. If it helps, think of your savings and investments as a monthl...
Wrap Up
In conclusion, financial literacy is an essential skill that can help you achieve financial stability and independence. By educating yourself, creating a budget, paying off debt, and saving and investing wisely, you can take control of your finances and achieve financial growth. These books provi...
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