The Importance of Paying Yourself First - Deepstash

The Importance of Paying Yourself First

  • The principle of saving 10% of your income before addressing other expenses is foundational in Clason’s teachings.
  • Paying yourself first instills financial discipline and creates a habit of wealth-building.
  • “A part of all you earn is yours to keep.”

47

270 reads

CURATED FROM

IDEAS CURATED BY

infinitemind

Infinite Mind Collective is a global movement and platform that bridges ancestral wisdom with modern science to empower individuals to achieve optimal health, mindfulness, and human potential. Our mission is to maximize your potential

Similar ideas to The Importance of Paying Yourself First

The habit of saving more

The key to the habit of saving is to save a bigger percentage the more you earn. When you start, you may only be able to save 10% of your income, but it is a mistake to commit to the same amount if you earn more.

However, it's a losing game to only focus on saving money. L...

Forming the habits of an investor

Investors put their money to work. They know that the money they set aside today sets them up for financial freedom.

  • An investor puts any excess money towards investments that will earn more capital.
  • They value learning new skills and think of ways to use it...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates