Just About Finance Podcast

Financial Tip Of The Day: Paying Yourself First


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The concept of paying yourself is a critical practice that must be performed every time you receive an income. Choosing to pay yourself first, is an important habit to implement in your life if you want to be successful in personal money management. So, what does it mean to pay your self first? The act of paying your self first is putting money away for the future; before you do anything else with your income. I understand that you have bills to pay, but don’t neglect taking care of your self first. If the first action you take is to pay your bills first and then take care of you. Then you mainly work to give your money away, and whatever is left after your generous contribution to your bills is yours to keep. To put it in another perspective your saying these companies are more important than my financial future. If you chose to live this way, the net results are not have anything to show for at the end of your working days; because you decided not to take care of your self first. No matter the amount of money that you earn, you need to put away something.
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Just About Finance PodcastBy Abdul Mohammed