This is the beginning of 2009, the beginning of a new year. It is also a time when you start to resolutions or goals for another year. I am sure, of which you might have some, in connection with the creation of wealth or the accumulation. (If not, it is better that now).
A simpler and more powerful by the accumulation of wealth is the “pay yourself first rule, which is also one of the lessons learned from Rich Dad Robert Kiyosaki” Rich Dad, Poor Dad “.
What you first paying agent “means and how to follow him?
In general, this means that you just moved to the side a little money each month that you do not touch (pay), even before you pay your bills and expenditure (compensation of others)!
Here is a guide, step by step, you can:
1. Of the money that you each month, you decide what percentage of your salary or income that you set. If your paycheck, the first thing you do, is this sum, where you pay the first. ”
The percentage charged varies from person to person, probably depending on the scope and objective of prosperity. Most people recommend 10% to 15% of monthly income, but I think you could add up to 20% or even 30% reach, if you want your financial success.
2. Decide what you want with this amount was to the side. Many simply the amount in their savings. But the idea that you pay first and foremost on your property. You should invest in, rather than save. Saving is not enough to help you achieve your financial success. Let the money you earn more money to invest. Contact your financial planner or a consultant for the determination of the nature of portfolio investment, which suits you.
I commend you, this is known as an automatic withdrawal from your account to your investment for your investments. Only when the money is automatically from your savings account or the control of each month and include them in your investment. As a rule, you must have a certain day each month when the transaction takes place, and it happens every month, on that day, as you pay your bills. In this way, they are not on your ability to put a certain amount per month. It relies on computers that will automatically invest your money. It is also easy when you realize you do not like the money.
3. Then you pay your bills.
4. Live on what is on the left side of the paycheck. It is not to say that with any cents, on the left. If you are the surpluses, then good for you. If you have a surplus, then go back and re-adjust the amount of your investment. Increase monthly investment amount of frost, and leave more money for you.
5. And finally, NO CREDIT CARD DEBT! Do not go with credit cards. Also be very careful with the House of loans and car loans. It is easy to clashes with the two.
If you are disciplined, you can use without first furrow in an institution.
First of all your personal expenses low. Do not leave your money on the “ego” toys, like a new car, a new suit or a longer stay. It is a habit, you pay first introduced, so active, so you’re willing to pay.
Secondly, if briefly, then it is not in your investments to repay your creditors. Robert Kiyosaki think if you are under pressure from the creditors, the pressure will you find new ways to earn money. Other options for more than the tides.
As you start to actively collect, you will notice that the income of your assets, you can pay your personal expenses and expanded their options for you live life style that you want.
Pay First “is a simple but powerful concept. It is so powerful, it could benefit other regions more money. You can use these principles. Pay only when you’re busy, working mother. They need time to get to worry about so that you care for your family!