Pay Yourself First
“If thou wilt make a man happy, add not unto his riches but take away from his desires.” – Epicurus
I’m sure you’ve heard how important it is to pay yourself first. But do you? Are you making provision for the future in order to achieve your personal goals? If not, it’s probably time you started. Start investing immediately because the amount of time you spend in the market is more important than when you actually do so. In any case, now is the perfect time to find real bargains.
Paying yourself first means automatically having a certain amount deducted from your income. That needs to happen before you even see it so you’re not tempted to spend, ultimately risking not putting it aside at all. The beauty of compounding means that time will weather the ups and downs resulting in good returns over the long-term. Small steps forward become great strides in the end.
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Posted in Business / Money |
July 13th, 2009 at 06:06
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