KWIC Wealth Nugget – “Pay Yourself First”

We know that “paying yourself first” is the most powerful habits wealthy people do on a regular basis. However, because most kids don’t understand this concept, we naturally do the exact opposite by paying everyone else first, leaving no money to save or invest in assets that grow over time. Teach your kids that paying yourself first is one of the first habits they need to start to begin the road to financial freedom. Now some kids feel they can’t pay themselves first because they don’t have a lot of money. Well, can they pay themselves 50 cents? It’s not about the amount you can pay yourself first, it is the act of paying yourself first that counts because once it becomes a habit, it will become easier and easier to do.

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