24 min
Pay Yourself First (The Financial Series) | #46 | podcast | superb diamond range Superb Diamond Range Podcast
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- Self-Improvement
#46
Disclaimer:
We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
Pay Yourself First!!!
How I first heard of the concept
Allocate a percentage of your wages say 5% or 10% or more
Put your name on the bill column
Do it before the bills
Move to a separate account
Can be accessible or locked away in a pension
Direct debit or standing order
Automatic payments
The advantage of the earlier you start the better due to magic of compounding
Helps with budgeting, how little can I live on this month?
Automation creates momentum and momentum is key
Importance of taking care of yourself first
Always save before you spend, money left in your account if you're like me you'll find a way to spend it.
Be mindful if you owe high interest credit cards or other types consumer debt
Honourable mentions:
Julio De Laffitte
https://youtu.be/nSXpmjNP2Ug
-
City Boys R Us
https://youtu.be/0cps1sWxvHs
-
Book: The Richest Man in Babylon by George S Clason
-
Podcast:
https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2
https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw
https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/
https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range
Follow on:
https://twitter.com/superbdiamondra
https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w
Contact the show:
superbdiamondrange@gmail.com
#46
Disclaimer:
We are not financial advisors. The content on this podcast and YouTube videos are for educational purposes only and merely cite our own personal opinions. In order to make the best financial decision that suits your own needs, you must conduct your own research and seek the advice of a licensed financial advisor if necessary. Know that all investments involve some form of risk and there is no guarantee that you will be successful in making, saving, or investing money; nor is there any guarantee that you won't experience any loss when investing. Always remember to make smart decisions and do your own research!
Pay Yourself First!!!
How I first heard of the concept
Allocate a percentage of your wages say 5% or 10% or more
Put your name on the bill column
Do it before the bills
Move to a separate account
Can be accessible or locked away in a pension
Direct debit or standing order
Automatic payments
The advantage of the earlier you start the better due to magic of compounding
Helps with budgeting, how little can I live on this month?
Automation creates momentum and momentum is key
Importance of taking care of yourself first
Always save before you spend, money left in your account if you're like me you'll find a way to spend it.
Be mindful if you owe high interest credit cards or other types consumer debt
Honourable mentions:
Julio De Laffitte
https://youtu.be/nSXpmjNP2Ug
-
City Boys R Us
https://youtu.be/0cps1sWxvHs
-
Book: The Richest Man in Babylon by George S Clason
-
Podcast:
https://podcasts.apple.com/us/podcast/superb-diamond-range/id930684983?mt=2
https://podcasts.google.com/?feed=aHR0cDovL3N1cGVyYmRpYW1vbmRyYW5nZS5saWJzeW4uY29tL3Jzcw
https://tunein.com/podcasts/Educational/Superb-Diamond-Range-p677627/
https://www.stitcher.com/podcast/libsyn-9/superb-diamond-range
Follow on:
https://twitter.com/superbdiamondra
https://www.youtube.com/channel/UCztKXSrR8fC4CbVVJ9aC8_w
Contact the show:
superbdiamondrange@gmail.com
24 min