“Pay Yourself First” —– I have not finished with this subject yet. I like “Pay Yourself First” and if you repeat it to yourself everyday, you will eventually start to pay yourself first.
So, what is so important about this phrase “Pay Yourself First”?
The 21 Success Secrets of Self-Made Millionaire by Brian Tracy. Brian Tracy also mentioned “Pay Yourself First” in his Success Secret #8 and I wish to share with you what he has to say ……
Resolve today that you are going to save and invest at least 10% of your income throughout your working life. Take 10% of your income off the top of your paycheck and put it into a special account for financial accumulation. If you save just RM100 per month throughout your working lifetime and you invest that money in an average mutual fund that grows at 10% per annum, you will be worth more than RM1 million by the time you retire. This means that anyone, earning minimum wage, if starts early enough and saves long enough, can become a millionaire over the course of his or her working lifetime.The sun should be rising on you now…. even at midnight if you understood what I am trying to convey about paying yourself first.