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
The rich focus on assets, not liabilities
The rich understand that assets are things that put money in their pockets, while liabilities are things that take money out of...
Continuously educate yourself
To achieve success and reach your fullest potential, it is essential to commit yourself to a lifetime of learning and growth. C...
Learn to reframe your money narrative
Our money narratives are the stories we tell ourselves about money—where it comes from, what it means, how to use it, and more....
Poor dad sticks to what he knows
The concept of "Poor dad sticks to what he knows" is a common theme in the book. It refers to the idea that individuals who are...
Financial freedom requires discipline and planning
To achieve financial freedom, one must understand that it is not a matter of luck or chance, but rather a result of discipline ...
Teach children about money management
Children should be taught about money management from a young age. It is an essential life skill that will serve them well in t...
Money is a tool for living a fulfilling life, not the end goal
Money is a peculiar thing. People often obsess over it, viewing it as the ultimate goal in life. They believe that once they ac...
Network and build connections in your field
Building a network and forming connections in your chosen field is crucial for success in your twenties. This is not about coll...
Tail events drive everything
The world is shaped by extreme events that lie far outside the realm of normal expectations. These tail events, as they are cal...
Work to acquire financial independence
One of the key concepts emphasized throughout the text is the idea of working towards achieving financial independence. This en...