You’ve worked hard to get your debt payed off, now, what about paying yourself first?
People of wealth and financial security know how to pay themselves first, while taking care of bills, investments and more.
How? Think piggy banks!
Get your three piggy banks,
- one for saving,
- one for tithing to charity,
- and one for investing.
Each day put the same amount in each piggy bank.
Every month, make your separate deposits as described earlier.
Investment Savings Account
Remember, the money destined for an investment savings account should be kept in that account until you’re ready to invest it some other way. Once you’ve invested a dollar into the asset column, never take it out of the asset column. This is your “employee,” and it will generate your eventual passive or portfolio income—the true beginning of financial freedom.
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