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?

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.

The Rich's Cashflow

The rich is everybody's favorite class. Of course it is, because they have a lot of money! So, how are the rich defined? How is it that a lawyer who makes a million dollars per year be considered poor yet a business owner who makes two hundred thousand per year is considered rich? Seems strange, doesn't it? The amount of money you make does not determine what class you are in. Instead, it is the pattern of your money. The rich look very much like the middle class. They are educated, have lucrative jobs (usually), and they are disciplined with their money. They save money, and then they buy things that put money in their pockets.