Pay yourself first!
What does “Paying Yourself First” mean??
I have some really blunt questions to ask you.
Are you sick of being in financial scarcity? Meaning rather than having an abundance of money, never having enough.
Do you want money to cover more than just the expenses? The ability to take your family on amazing holidays or have the ability to send your kids to the best school.
Do you want security? Meaning you, yourself, being able to take care of your family financially - without having to rely on someone else?
Do you want to be grounded in your own power? As opposed to deferring power to a partner who controls everything financially.
It all comes down to one thing. Paying yourself first!
You may have heard of the phrase, but do you really know what it means? And how to do it?
There is a huge opportunity that lies before us. You’ve heard the saying, ‘buy in the lows, sell in the highs’. There are a lot of people retreating right now in the current economic climate, being scared off by negative media reports.
Which means there is a huge opportunity right now for women to build wealth. One of the biggest in our lifetime. An opportunity to scoop up some phenomenal property investments.
Investments that will change your life.
…if you have the smarts to look ahead and take action.
For that you need a stockpile of cash. Which brings me to paying yourself first.
Paying yourself first means the very first thing you do when you get paid is transfer a percentage of it (minimum 10%) into an interest-earning account that you do not touch.
Before any bill is paid.
My advice is to set this up as an automatic transfer so you don’t even have to think about it and name your account with whatever your goal is such as “Retirement Fund”.
It has to be Non-Negotiable.
So regardless of what you’ve got on that month, whether it’s your child’s birthday or you're planning a weekend away with your girlfriends,
You always, always, always pay yourself first. It doesn’t even matter how much you're earning - whether it’s $1000 a month or $100k a month.
The power of this principle is the same. Because whilst you will very quickly start to accumulate a stockpile of cash,
… it’s not just about money.
You will also see a transformation in the way you show up in life. You will have a different energy, a different mindset because you don’t have the same stress or overwhelm ruling your life. You’ve got security. You’ve also got options.
Options to multiply that money into high-yield property investments which will essentially allow you to become your own bank.
And give you the peace-of-mind of knowing that YOU can always take care of your family - no matter what life throws at you.
If investments and building wealth are not your genius zone, now is the time to surround yourself with people who are smarter than you in that area.
I like the saying, get in the rooms with the right people. The people who have built property portfolios and are on that next level that you want to be.
I can assure you, it doesn’t take long to get $20k, $30k, $50k, even $100k in your bank account, when you are consistently paying yourself first.
…especially when you’re topping it up with any extra cash injections you get - tax refunds, bonuses or even selling household stuff you no longer need..
It is an act of generosity and the best type of self-care you could ever give yourself.
The key to financial security and wealth.
And it all starts with 1 step.
Paying yourself first.
Yes, we’ve all got bumps in our life but you landed here on this blog for a reason.
It’s time to take the reins and tap into your innate wisdom.
Whether it means getting a few extra hours at work or starting a side hustle, find a way to pay yourself first. Make it happen.
Shifting your focus to a ‘pay-yourself-first’ mentality when coupled with the right investment strategy can be absolutely life changing.