All Rich People Do This... Pay Yourself First

What is the most important financial decision that you'll ever make in your entire life? It's simple: Pay Yourself First. All rich people do this. But are you? Most people unfortunately live the opposite. They pay themselves LAST. When income comes in, it immediately goes to pay off their bills, debt and lifestyle expenses. As a result, people have little or no money left over at the end of the month. These are the people that live pay check to pay check, never getting ahead.

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[masterchief]

Great video! Rich Dad Poor Dad was the book that "opened" my eyes about money. However, The Richest Man in Babylon is hands down the best intro to finance book I have read.

[natalieschreiber]

Excellent advice. It's really a mindset shift is what it is. Making yourself the priority instead of making 'just getting by' the priority. It's so important to prioritize your growth, your financial freedom...when you shift to a place of self-love, magic happens in your life <3

[safiabano]

Richest man in babylon is the old classic powerful book

[KenMelendez]

I can't believe that two people actually gave thumbs down on this video. Those are the ones who will remain in the rat race the rest of their lives.

[raphyfeolino]

Epic sir.  I'm glad you reminded me!

[FatBellyChemist]

Thanks so much mate, I was searching for the ratio or the amount <3

[azoramanelli]

I give my first 10 percent to God (the tithe) and went from poor to multi millionaire!

[rgmieres]

Stefan, I just started watching your videos a week ago and really enjoy them. I'm working towards the practices you have shared. In regards to paying my self first, will my 401K be considered part of the 10% in paying my self? Thanks for your motivational videos.

[SitarHero]

Idk if this is a topic you have already covered or not but where do you start when you have an idea that would take a lot of time, money and networking to achieve. The scariest part of that to me is the money aspect

[kylehiebert]

Hey Stefan, Are you going to be making a October monthly goals report? Its so inspiring to see the progress you are making month by month!

[lovelyflower]

so is it just saving or stashing money away that u dont mess? like emergency savings?

[RobotechII]

"The book is primarily geared towards Canadians."  I guess it talked about the trade of maple syrup?  :)  Great video.

[ilovesabiann]

hey Stefan, would you recommend getting a job (active income) first, and then get passive income? or just dive right in to try and get some passive income? side note: im a college student who has no idea what hes doing lol 

[randomcitizen]

How would you implement the debt snowball into this system?

[gmancbs]

Great Video and Content. Q? if you get paid twice a week, 10% of each check meaning 20% a month, or take 10% a month?

[dianasanchez]

Hello, Great video! A question, should it be 10% of my gross or net income? Thanks

[Stjohn]

With absolutely no judgement, I'm guessing you do not believe or practice tithing- the truth and principle of taking the first-fruits, your tithe, tenth (10% ironically like you're saying) to God. It is not religion, but a truth that brings about more blessing and favor into your life in more ways beyond financial gain. I encourage you to learn about tithing and Favor of God. Tithing is just a faithful investment that brings far greater and guaranteed return where investments here in this world (even if it brings high return) is limited in various ways. Aside from that, yeah, great teaching about paying ourselves (second) LoL!