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Pay Yourself First Method
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Pay Yourself First Method -
Saving money, building wealth, getting rich! It isn't easy. There is a reason why a lot of programs are called "Get Rich Quick Schemes." Pay Yourself First is not a "scheme" in that sense. It is a down to earth, easily instituted way to save. This program is designed to allow even the least responsible, controlled, and reasonable spender or saver, put large amounts of money aside for Saving money, building wealth, and getting rich!
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Written by Administrator
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Saturday, 10 April 2010 19:56 |
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This may sound like stupid advice, but you would be surprised by how many people get the first step WRONG. The first and most important step of pay yourself first is actually to START PAYING YOURSELF. Simply, you need to just start doing it and see for yourself that...
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Last Updated on Sunday, 11 April 2010 18:23 |
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Written by Administrator
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Saturday, 10 April 2010 20:03 |
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In order to be successful at Pay Yourself First, you are going to need a few things in place. We have found that you will need that separate and dedicated account setup. You don't want an account that is easily reachable. You want an account at a separate bank. This adds a number of protections to your plan. Not only will it make it more difficult to access the funds, but you are also...
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Last Updated on Sunday, 11 April 2010 18:24 |
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Written by Administrator
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Saturday, 10 April 2010 20:05 |
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So, you have your new savings account and you have your direct deposit form in hand. You probably have some questions. Like, "how much money should you be diverting into this new account?" We have a few answers to this question: 1) Match your...
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Last Updated on Sunday, 11 April 2010 18:24 |
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Written by Administrator
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Saturday, 10 April 2010 20:04 |
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So, you have your new account setup, now what? Talk to your HR department, boss, accounting agency, or banker. The one you need to reach is the one that controls where your paycheck goes. If you already have direct deposit, it will be very simple to...
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Last Updated on Sunday, 11 April 2010 18:33 |
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Written by Administrator
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Saturday, 10 April 2010 20:08 |
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This may all seem counter intuitive and in contrast to certain smart financial management advice, however, you are not Warren Buffet, yet! You came to this site looking to get rich because you aren't rich yet. You haven't built the required skills or attained the level of success that allows you to more easily...
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Last Updated on Sunday, 11 April 2010 18:24 |
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