There are a number of habits to help us do this; the first is to pay yourself first. You have to pay yourself before anyone else. This means that you should put money away before you spend it on anything else. Putting money away is crucial, critical, and it must be done. If you spend all your money, rather than putting it away for yourself, then you really didn't get paid. Make sure that you are the one who gets paid.
Monday, August 3, 2009
Putting Money Away
so, now that we know the cash flow patterns of the poor, middle class, and rich, we should begin to branch out this knowledge into the realm of practical application. How does one apply the rich pattern to him or herself?