People and magazines might write pages and pages of strategies, calculation and jargons to explain this, but in reality the answer is simple – pay yourself first. Yes, if you want to save when you are in debt and if you want to become rich in life, you have to start paying yourself first!
What does this mean?
Let’s take an example. When you get your pay check every month what do you do first? You probably pay your credit card minimum due and all the EMIs of your existing debts such as home loan, car loan, etc, etc and then if you have any surplus you pay yourself and you save a little bit.
Of course if almost your entire salary goes in paying EMIs than the saving up bit or paying yourself bit goes for a toss, right? So this is exactly where you are going wrong. This is THE bad habit of poor people which makes them remain poor forever.
You see, you need to pay YOURSELF first! From your pay check, pay yourself an amount first without fail and then you pay your credit card bills and EMIS.
Bu hikaye Mad About Money dergisinin May 2018 sayısından alınmıştır.
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Bu hikaye Mad About Money dergisinin May 2018 sayısından alınmıştır.
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