Audio available in app
Pay yourself first from "summary" of O homem mais rico da Babilônia by Mitch Horowitz
The principle of saving one-tenth of your earnings before paying any other expenses is a simple but powerful concept. By setting aside a portion of your income for yourself first, you ensure that you are always paying yourself before anyone else. This practice allows you to build wealth over time, as your savings grow and accumulate. When you prioritize saving for yourself, you are establishing a foundation for financial security and stability. This means putting your own financial well-being first, ahead of any other obligations or desires. By consistently saving a portion of your income, you are creating a safety net for yourself and your family, protecting against unexpected expenses or financial downturns. The idea of paying yourself first is not about being...
Similar Posts
Being disciplined with spending habits is necessary for financial stability
To achieve financial stability, it is crucial to practice discipline when it comes to spending habits. This means being mindful...
Seek counsel from the knowledgeable
In seeking counsel from the knowledgeable, we are urged to not rely solely on our own limited experiences and understanding. Se...
Be cautious with debt
It is wise to be wary when it comes to borrowing money. Debt can be a double-edged sword, capable of both helping and harming t...
Celebrate small wins along the way
When you're making changes in your life or working towards a goal, it's important to acknowledge and appreciate the progress yo...
High income does not guarantee wealth accumulation
Many people mistakenly believe that having a high income automatically leads to the accumulation of wealth. They assume that th...
Practice selfdiscipline and self-control
Self-discipline and self-control are essential qualities to develop if you want to achieve success in any area of your life. Th...
Don't be afraid to think outside the box
In the world of money and investing, it is essential to remember that conventional thinking will often lead to conventional res...
Be proactive in seeking out opportunities for growth
To be successful in the world of business, it is essential to be proactive in seeking out opportunities for growth. This means ...
Invest in property wisely
When it comes to property investment, there are a few key principles to keep in mind. First and foremost, you need to do your r...
Seeking professional advice can be beneficial
When it comes to managing our finances, seeking professional advice might not be the first thing that comes to mind. We often b...