There is one simple habit that all financially successful people do–they pay themselves first.
That phrase has always annoyed me. Pay myself first? What exactly does that mean? I heard financial gurus say that phrase over and over, and it just came off as cocky and glib.
“Want to become rich boy? Well, it’s simple. Just pay yourself first!” What? You can’t just pay yourself into wealth. You have to create the wealth. Build the business. Land the great job. Earn the money, and THEN you save money and become rich. Right?
Wrong. Want to get rich? Pay yourself first. Want to pay off the mortgage in retire with money in the bank? Then pay yourself first. Have financial problems? Pay yourself first.
In fact, the less money you earn the more important it is to pay yourself first.