Paying yourself first plays a very crucial part in your journey to financial well-being. It’s about thinking of yourself as an investment and setting yourself up to gain a return on that investment. It’s making sure you pay dividends to yourself for what was earned. No one is going to do that for you, it’s a decision you have to make for yourself.
The thing to always remember is that the best asset you have is your very own self. This is where it all starts. It starts with YOU…your first investment. If you don’t take care of and manage your first investment properly, then no other investments will be possible. That means you can’t and won’t be able to acquire any other investments without starting with you!
“You will come to know that what appears today to be a sacrifice will prove to be the greatest investment that you will ever make.” – Gordon B. Hinkley
Managing your investments and assets are a very important part of your financial well-being and wealth building as you go through your journey. What most people don’t realize is that you’ll never be able to manage a portfolio of investments until you can learn to manage your first investment, which is you.
So, what better way to start, than to start with your most immediate asset…yourself! See yourself as a valuable asset that can produce a monetary return. Decide what you want that return to be and start paying yourself first. Once you’re able to do that, you’ll have a great start on your journey to financial freedom!
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