Don’t know about you, but there are many people who have been taught that they only need to pay themselves first, before anything else, and everything is going to be alright.
They hear things like.
- Take 10 percent of each paycheck and store it somewhere safe
- Don’t pay any bills or expenses until you pay yourself first
- The wealthy pay themselves first, the poor pay themselves last.
I recently heard this story:
Last week, my friend received a call from someone who helps baby boomers prepare for retirement. After they got caught up on their lives, the friend asked him how things were going in his business.
He took a short pause, and then told my friend something that came completely from left-field.
“It’s interesting. Most people actually don’t save much for retirement at all. That’s been a known fact for many years. What’s even more shocking is the people who do save, many have no clue if that money will last them the rest of their lives. In fact, when I sit down and go over their numbers, many times it doesn’t even come close.”
My friend then said, “Are you saying simply paying yourself isn’t enough?”
“No, he answered. Of course you have to save and ‘essentially’ pay yourself each month. More importantly it is focusing on putting money into assets that will pay you for the rest of your life.”
Obviously, it makes complete sense to pay yourself first each month.
If you’re not doing that, then the best time to start is today.
Even if it is only 1 percent of your monthly take home and you work up from there.
It’s better to start with something and get in the habit of doing it.
More importantly, however, is focusing on private assets…
That you control…
That can provide you with cash flow for life.
The key is to focus on making sure you pay yourself “last” for the rest of your time on this planet…
So you can have the peace of mind that you will never run out of mulah.
And you can travel, visit the family, and do whatever the heck you want.
Without the constant worry of whether or not you will need to go back to work.
Better to focus on making sure you get paid last.
Instead of only paying yourself first…and putting it in the wrong places…so you may not have it last for the rest of your life.
Now to the invite…..
If you want to learn more about how to build private assets that can pay you last for life, then check the link below and lets schedule a time to speak.
Use this link to hop on my calendar –> click here
Remember — It’s Your Time…