Pay yourself first from "summary" of The Automatic Millionaire, Expanded and Updated by David Bach
The concept of paying yourself first is simple, yet incredibly powerful. It involves making a conscious decision to prioritize saving and investing before anything else. By setting aside a portion of your income before paying your bills or expenses, you ensure that your future financial goals are being taken care of. This strategy is all about shifting your mindset and making saving a non-negotiable part of your financial routine. By automating your savings, whether through a direct deposit into a retirement account or a separate savings account, you remove the temptation to spend that money elsewhere. This consistent and disciplined approach to saving can have a significant impact on your long-term financial success. When you pay yourself first, you are essentially makin...
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