How To Pay Yourself First

What does it mean to pay yourself first? This has been a frequent question lately in since mentioning it a few weeks ago.

Let me explain to you what paying yourself first means, and how to make money work for you instead of working for money.

Watch and Enjoy!
Kris Krohn & Nate Woodbury

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Tobu - Infectious
Licensed under Creative Commons — Attribution 3.0 Unported— CC BY 3.0

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Video by Nate Woodbury (The Hero Maker)

[JoinMrSmart]

You have given a new n creative meaning to Pay Yourself First. Enjoyed your video! 😀

[JudgmentallyRS]

I started watching you a couple of months back, you've taught me so many different ways to save money. When i want to eat out i calculate the expense and instead of going to eat out ill transfer that money to my savings, right now i have 100 dollars in savings and rising!

[dalbirsekhon]

Thank you so much for this great video ..thanks for making complex terma easy thanks a lot

[xXMetalforeverXx]

it's cool to know there are people like you and me who thinks the same. i started saving money/paying myself at the age of 16, i was thinking how i could save money and than use them on things i want to buy or if i want to invest in something in the future, since i begun with that i have done just that all the time and now i'm 24 and got a fat stash with money that i'm investing into driving license. I'm not only helping myself with this money i'm also helping my family if they want something. Money is something you need yes but something i will never be even if i have money is being greedy, alot of people ask why don't i spend on more things i want like a car that cost alot money, well all that saving have than just gone into one little thing in a instant and the car will not be worth as much as you payed when you got it, than you also have to think how much those cars cost in repairs, gas, insurance. My family is poor but not that poor that we live on the street.

[semperfi-]

In process on my first house, using VA, waiting on Inspection now. As you and others state... always pay for your own inspection. Baby steps to get to where your talking of paying myself

[MrMechX]

My this months net profit was around $100. I dont have much expenses right now bcz im living with my family. I am 18 now. So how much amount exactly do i have to pay myself first? You answer could really help me. I am setting aside 40% of my income abd creating dough. And 10% for investing in myself, like for buying books, courses, knowledge ..etc now left the rest 50%. I am confused, shall i buy the things that i want or how much shall i pay myself. What to do with remaining money, really confused

[christianrodriguez]

Hey there chris ! Im a new sub and ive made it a point to watch a few of your videos each day i was curious if you could make a vid on how you handled your taxes on ur first 2 homes and did u go to some one for help

[shanepereira]

Great video Kris! Keep them coming! I can't wait for more content!! :D

[wb]

I see you're also a fan of Robert Kiyosaki ;)

[mennohostetler]

How do you manage your properties ? As in do you put them in LLC's or c corporation's or s corporation's for tax benefits?

[MegaNancyLover]

What!? You were here in California!?!? I would've loved to hang out with you here ):

[hectorabcdefg]

i need to make money legal or illegally.

[GoodLuckRabiSir]

Hlo bro, i am from nepal my age is 25, i cannot afford $997 for a class. $997 means huge amount of money here its above 90 thousand npli currency. I even don't have that much money. Help me sir you can change my life.