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Pay Yourself First | episode 281
In today’s episode, we’re diving into the concept of “Paying Yourself First,” a powerful lesson from Robert Kiyosaki’s book, Rich Dad Poor Dad. While many of us were taught to cover our bills and expenses first, Kiyosaki’s approach flips that script. The idea is to prioritize your investments, savings, and even your preparedness supplies before you spend on regular expenses. By doing this, you set yourself up for long-term stability and growth rather than constantly treading water financially.
Investing in Your Investments and Preps First
One of the key strategies for paying yourself first is to ensure that part of your income goes directly toward investments or emergency supplies. When you treat your financial future and preparedness as essential expenses, you’re more likely to stay committed. For example, you might start by putting a percentage of your income into a retirement account, investment portfolio, or into building a robust emergency supply—whether that’s food, water, or other critical preps. Kiyosaki emphasizes building these “assets” first so that they can grow and support you over time.
Automating Your Savings and Prepping
Another helpful approach is to automate these contributions. You can set up automatic transfers to savings accounts or automated investments in low-risk funds. Many online banks and investment platforms allow you to schedule regular transfers, so you don’t have to think about it. When it comes to preparedness, subscription services and bulk purchases allow you to stockpile essential supplies gradually. Automation helps keep you on track even during busy times and ensures that you’re consistently building up assets and preps with minimal effort.
“Paying yourself first” isn’t just about managing money—it’s about building a sustainable and resilient lifestyle. Join us in this episode as we discuss practical ways to prioritize your future.
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