💵 Pay Yourself First
Let me tell you about something that has totally revolutionized my finances - paying myself first!
Here's the deal - as soon as I get my hands on my hard-earned cash, I make sure to invest a chunk of it towards my long-term financial goals. That way, I'm taking care of my future needs before I start splurging on other stuff.
Now, I know what you're thinking - "ugh, investing sounds so boring and complicated". But trust me, it's not! Think of it as a fun game where you get to watch your money grow and reach new levels of financial success. It's like leveling up in a video game, but with real-life rewards!
Here are some reasons why paying yourself first is so awesome:
You'll reach your financial goals faster than Sonic the Hedgehog: By investing first and spending later, you're making your money work harder for you. This means you'll achieve your financial goals at lightning speed!
You'll build a habit of saving like a boss: By making saving a priority, you're creating a habit that'll make you feel like a total boss. Over time, you'll become a pro at saving and investing without even breaking a sweat.
You'll avoid falling into the lifestyle inflation trap: Lifestyle inflation is like a boss level that's hard to beat. But paying yourself first means you're setting aside a portion of your income before you have the chance to blow it all on fancy clothes or that new game console.
So, are you ready to join me in this fun and rewarding adventure of paying yourself first? Here are some tips to get started:
Set a savings goal and let the good times roll: Figure out how much you want to save each month and set up an automatic transfer from your checking account to your savings or investment account.
Make it rain savings: Treat your savings as an expense that you gotta pay first, before anything else.
Cut back on boring expenses: Review your expenses and see where you can cut back. This will give you more dough to put towards your savings and investments.
I hope this got you excited about paying yourself first! If you wanna chat more about it, feel free to schedule a call with me anytime. Let's level up our finances together!
Cheers,
Kai
Dividend Growth Portfolio Update (European Investor)
