This week’s theme is millionaire habits. The habits, behaviors, and attitudes of the most successful among us can teach us something about how to reach and maintain a financially secure retirement.

The most common millionaire habit that I see among my clients is that they save and invest first. In other words, they make sure that they set aside money in savings and retirement accounts before they pay their mortgage and their other bills.

This is the exact opposite of what most Americans do. Most people pay everyone else first, and pay themselves last. When all you get is the scraps and leftovers, it’s much harder to build wealth. It also leads to inconsistent savings habits. Some months you might save and other months you don’t. Then your retirement and financial future is left to chance.

The good news is that if you have a 401k or similar retirement plan through work, you’re already paying yourself first.

But, if you are currently paying yourself last, you can flip the switch by setting up automatic transfers from your checking account into your savings and retirement accounts. Setup the auto-transfer within a couple days of your paycheck hitting your bank account. It’s a simple way to make sure you pay yourself first, and pay yourself consistently every single month.

That’s it for today, thanks for listening! I can’t wait to hang out with you again tomorrow, where I’m going to share with you how baseball can help you be a better investor.

My name is Ashley Micciche and this is the One Minute Retirement Tip.

----------

>>> Subscribe on iTunes: https://apple.co/2DI2LSP

>>> Subscribe on Amazon Alexa: https://amzn.to/2xRKrCs

>>> Check out our blog: https://truenorthretirementadvisors.com/blog/

----------

Tags: retirement, investing, money, finance, millionaire habits, what millionaires do, how most millionaires are made, rich habits, building wealth, wealth building ideas, how to build wealth, get rich, positive habits, pay yourself first, pay yourself first definition