Pay yourself first from "summary" of The Wealthy Barber by David Barr Chilton
The first step to building wealth is to automatically save a portion of your income before spending it on anything else. This concept is known as paying yourself first. By setting aside a fixed amount of money each month, you are prioritizing your future financial well-being over immediate wants and needs.
One of the main advantages of paying yourself first is that it helps you develop a habit of saving. By consistently putting money away, you are building a financial cushion for emergencies and future goals. This disciplined approach to saving can help you resist the temptation to spend impulsively and ensure that you are always working towards your long-term financial o...
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