Self-made millionaires were interviewed for their money savvy tricks…check out the full BUSINESS INSIDER article HERE
There was one tip that stood out to me! Ready for it?
Pay YOURSELF First!
Yes, crazy idea right? How many times do you watch your paycheck go into your account and then POOF it is almost gone after bills and expenses are taken out.
To pay yourself first, follow the simple rule that 1 hour of wages per day goes into savings. So, if you work for $12/hour – 5 days a week …You would put aside $12 each day. $60/week —- $240/month —-$2880/ year
This won’t be easy! Trust me, I live paycheck to paycheck. That said, the savings don’t have to go to retirement…it could be something fun like a trip OR a spa day.