One of the great secrets to success. On payday, the first bill you pay is the savings account.
Most people pay all their bills first. Then if there is anything left, they will go out to dinner or a movie. Then if there is anything left they will upgrade their phone which is still working just fine. Then maybe they will put something in a savings account. And then when there is enough to go on vacation, they drain the savings account.
The secret to success is you put at least 10% in savings before you pay anything else and never spend it. You will put it to work in a savings account at first. Then invest it where it will make more money.
This a foolproof plan that you can start today. If you have dug yourself in a financial hole. you need to start immediately. Cut out one-stop a week at the convenience store and put that $10 or $15 in a savings account. Do this and you built a foundation for success.
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