Pay Yourself First !!
One of the best advices that I got from Robert Kiyosaki, author of 'Rich dad Poor dad', was to always pay yourself first.
What does that mean? That means that before paying bills or any responsibility you should always keep money aside. According to him keep 10% away for yourself.
It's really not impossible especially if you look at it as another bill.
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Imagine if everyone did this. Also imagine if you charged yourself the same rates you pay to credit card companies every time you use your savings.
Yes I think investment investment with planning is the most important in life for good future.
Saving is the most important for every person for Safe family and safe future.
True, it’s important to not only save but invest as well.
Saving doesn't really make one rich though. It still leaves one at the left side of the quadrant.
That’s true money depreciates . You should invest that money or aim to invest it when the right opportunity presents itself.
Buy low sell high.... or accumulate Free Cryptos when low and sell high for other low (Top 10) Cryptos.
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That’s a good strategy. That’s why I’m buying steem and other cryptos at this price.
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Absolutely.... and crypto makes this even easier.
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Saving is really important along with investing and spending :) great advice
I do this as well. Although, I write my budget every month.
you and me both.
A lot of small businesses would go belly up quickly if they followed that piece of advice. Question is, of course, if they should exist in the first place. But for a lot of startups that is impossible to do as the money simply isn't there yet.
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I disagree, i think it's easier to make excuses.
It's about budgeting properly and being organized. Most people don't know where most of their money goes.
I wasnt talking about personal finances. Businesses know where their money goes because they are required by law to keep books.
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Yes that book was very eye opening for me! Good thoughts in it!
Excellent learning, and it is true, I regret not being able to follow it at the foot of the letter the situation of my country is terrible and I can not save
That’s exactly my point. You can save no matter how small. If you say you can’t then it is so.
you are right, savings is all time most in the budget.