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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.- 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.
