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Pay yourself first from "summary" of O homem mais rico da Babilônia by Mitch Horowitz
The principle of saving one-tenth of your earnings before paying any other expenses is a simple but powerful concept. By setting aside a portion of your income for yourself first, you ensure that you are always paying yourself before anyone else. This practice allows you to build wealth over time, as your savings grow and accumulate. When you prioritize saving for yourself, you are establishing a foundation for financial security and stability. This means putting your own financial well-being first, ahead of any other obligations or desires. By consistently saving a portion of your income, you are creating a safety net for yourself and your family, protecting against unexpected expenses or financial downturns. The idea of paying yourself first is not about being selfish or greedy, but rather about taking responsibility for your own financial future. It is a proactive approach to managing your money, ensuring that you are always moving towards your financial goals. By making saving a priority, you are investing in yourself and your future, setting yourself up for long-term financial success. This principle is based on the belief that saving regularly and consistently is essential for building wealth. By making saving a non-negotiable part of your financial routine, you are creating a habit that will serve you well throughout your life. This practice also helps you to develop discipline and self-control when it comes to managing your money, as you learn to prioritize your long-term financial goals over short-term desires.- Paying yourself first is a powerful tool for achieving financial independence and security. By making saving a priority in your financial life, you are setting yourself up for success and ensuring that you have the resources you need to live a comfortable and fulfilling life. This principle is a key to unlocking your financial potential and building wealth over time.
