Pay yourself first before paying bills from "summary" of Guide and Analysis by Rich Dad Poor Dad (Deep Analysis) by George Blake
The principle of paying yourself first before paying bills is a fundamental concept in personal finance that can have a significant impact on your financial well-being. This concept emphasizes the importance of prioritizing saving and investing for your future before allocating your income towards other expenses. By paying yourself first, you are essentially setting aside a portion of your income for savings or investments before using the remaining amount to cover your living expenses and other financial obligations. This approach ensures that you prioritize your long-term financial goals and build wealth over time. When you pay yourself first, you are making yourself a priority and acknowledging the importance of securing your financial future. By saving and investing early, you can take...
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