Invest in Yourself
The "pay yourself first" principle is a valuable concept championed by Robert Kiyosaki in his renowned book, "Rich Dad, Poor Dad." This principal advocates for prioritizing saving and investing a portion of your income before allocating it towards discretionary spending. The underlying philosophy is simple: if you wait until the end of the month to save or invest, there might not be enough funds left over.
By adopting the practice of paying yourself first, you consciously set aside money for your future financial goals before spending on other discretionary items. This approach empowers you to take control of your finances and gradually build wealth over time. It's important to note that this principle extends beyond mere saving; it instils the habit of investing in yourself and your future endeavours.
In essence, Kiyosaki's "pay yourself first" principle encourages individuals to make saving and investing a priority rather than an afterthought. It serves as a powerful tool for taking charge of your financial well-being and fostering long-term wealth accumulation. By embodying this mindset, you create a foundation for personal growth, financial security, and a brighter future.