oter
Audio available in app

Pay yourself first before paying your bills from "summary" of Rich Dad Poor Dad by Robert T. Kiyosaki,Sharon Lechter

One of the most important lessons I learned from my rich dad is the concept of prioritizing yourself before paying your bills. This may seem counterintuitive at first, as most people are conditioned to believe that paying bills should be the top priority. However, my rich dad emphasized the importance of paying yourself first in order to achieve financial success. When you pay yourself first, you are essentially setting aside a portion of your income for your own financial goals and future security. This can be done by automatically transferring a percentage of your income into a separate savings or investment account before you pay any of your bills. By doing this, you are making yourself a priority and ensuring that you are actively working towards building wealth and financial stability. On the other hand, if you prioritize paying your bills first and then try to save whatever is left over, you may find yourself constantly struggling to make ends meet and never truly making progress towards your financial goals. This is because there will always be more bills to pay, and it can be easy to fall into the trap of living paycheck to paycheck. By paying yourself first, you are making a conscious decision to take control of your financial future and prioritize your long-term financial well-being. This simple shift in mindset can have a profound impact on your financial success and ultimately lead to a more secure and prosperous future.
  1. Paying yourself first is a fundamental principle for achieving financial success. By making yourself a priority and setting aside a portion of your income for savings and investments before paying your bills, you are taking a proactive step towards building wealth and securing your financial future.
  2. Open in app
    The road to your goals is in your pocket! Download the Oter App to continue reading your Microbooks from anywhere, anytime.
Similar Posts
Stay humble and grounded in success
Stay humble and grounded in success
Success can be a powerful force in one's life. It can bring wealth, recognition, and fulfillment. However, success can also bri...
Question traditional beliefs about money
Question traditional beliefs about money
When it comes to money, we are often taught to follow traditional beliefs that have been passed down through generations. These...
Live below your means
Live below your means
The idea of living below your means is a simple one, but it is also a powerful one. It means spending less money than you earn....
Seek counsel from the knowledgeable
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...
Embracing a sustainable approach to wealth accumulation
Embracing a sustainable approach to wealth accumulation
Embracing a sustainable approach to wealth accumulation involves adopting a long-term perspective when it comes to managing fin...
Avoid comparing yourself to others
Avoid comparing yourself to others
When it comes to money and success, it is easy to fall into the trap of comparing ourselves to others. We see our friends, fami...
Learn from your mistakes
Learn from your mistakes
Mistakes are an inevitable part of life. We all make them, whether it's in our personal relationships, our careers, or our fina...
Embracing uncertainty is part of the journey to financial security
Embracing uncertainty is part of the journey to financial security
Embracing uncertainty is an essential component of the path towards achieving financial security. Many people have a natural in...
Poor dad plays it safe
Poor dad plays it safe
The concept of playing it safe is a common mindset that many people have when it comes to money. Poor dad believed in the conve...
Invest in assets that appreciate in value
Invest in assets that appreciate in value
The concept of investing in assets that appreciate in value is a fundamental principle of financial intelligence. It is about u...
oter

Rich Dad Poor Dad

Robert T. Kiyosaki

Open in app
Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.