Wednesday, August 16, 2006

The Only Saving Strategy You'll Ever Need

Here are the top three strategies for savings:

  1. Pay yourself first from every paycheck.
  2. Pay yourself first from every paycheck.
  3. Pay yourself first from every paycheck.

Simply put, the first money taken from your paycheck should go into your savings account. Every thing else is secondary. That includes rent or mortgage, utilities, food, credit cards, car loans, and any other payment.

If you aren't able to pay yourself first, you need to make more or spend less to enable this strategy.

Don't make the mistake of not using this strategy. It is the key foundation to building your wealth.

This is not financial advice. Please consult a professional advisor.

Copyright © 2006 Achievement Catalyst, LLC

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