PAY YOURSELF FIRST WITH 10% OF YOUR INCOME

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𝟎𝟕 𝐏𝐨𝐰𝐞𝐫𝐟𝐮𝐥 𝐋𝐞𝐬𝐬𝐨𝐧𝐬 𝐅𝐫𝐨𝐦 𝐓𝐡𝐞 𝐁𝐨𝐨𝐤 "𝐓𝐡𝐞 𝐑𝐢𝐜𝐡𝐞𝐬𝐭 𝐌𝐚𝐧 𝐢𝐧 𝐁𝐚𝐛𝐲𝐥𝐨𝐧" 📚

 

𝟏. 𝐏𝐚𝐲 𝐲𝐨𝐮𝐫𝐬𝐞𝐥𝐟 𝐟𝐢𝐫𝐬𝐭 𝐰𝐢𝐭𝐡 𝟏𝟎% 𝐨𝐟 𝐲𝐨𝐮𝐫 𝐢𝐧𝐜𝐨𝐦𝐞.

You will adjust your budget to fit your means within the other 90%. 

 

2. Control unnecessary expenses by controlling your desires.

 

Desires grow when there is a chance of them being fulfilled. Study your habits and eliminate any unnecessary expenses. 

 

3. Make your money work for you by investing your savings.

 

Invest the profit from your investments to grow your wealth even quicker. 

 

4. Make safe investment decisions to prevent financial ruin. Your money can't work for you if you lose it.

 

Do your best to never lose money. 

 

5. Own a home if it means you can save on rent.

 

If you can rent out rooms to lower your living expenses, do it. 

 

6. There will be a day where you can no longer work and earn.

 

Prepare for retirement from an early age. The earlier, the better. 

 

7. Increase your ability to earn more money by amassing skills.

#Awudu ideas 

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