PAY YOUR SELF FIRST Rich Tip No.2

in #gold10 years ago (edited)

PAY YOUR SELF FIRST, Rich tip No.2

There are 2 ways to PAY YOUR SELF FIRST, to create wealth
Create a habit of saving a %, remember it not the %, its the habit, save little & invest often
Remember assets put money in your pocket, liabilities take money out your pocket

HOW
1.Beginner
Save 10% or any ( % ) of your income each pay in to 1 saving account to build it up, to create an asset
in gold, silver, a business, real estate , etc
Remember, save little & invest often

2.Advance
Save 30% of your income, or any ( % ) in to each 3 accounts
10% to bank save cash, ( could name it a saving account ) that you never touch. just grow it
10% to charity of your choice, ( could name it a charity account )
10% to bank save cash up to buy/create an asset, ( could name it a investing account )

Goal
PAY YOUR SELF FIRST,
Once each pay for begginer or 3 times each pay advance
Remember save little & invest often

Habit
Pay your self first before you pay anyone else, or any think else

Setup account
Set up auto payment to each account each pay, if you are to busy or to lazy do it your self
if doing it your self move the funds each pay day to all the account

Investment vehicle
Pick your investment vehicles, your assets that you want create or invest in
If its gold or sliver try to buy then buy them in a low cycle, or just a little each pay
if its real estate business or stocks make sure you have a plain to fellow to save up to invest/buy it

Remember PAY YOUR SELF FIRST and save little & in invest often

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