Dominique BroadwayFounder & CEO, Finances Demystified · Turning Knowledge Into Generational Wealth

Pay Yourself First: The Key to Saving Money! #shorts

Name: Pay Yourself First: The Key to Saving Money! #shorts
Uploaded: 2024-09-06T14:00:18+00:00
Duration: 32 s
Channel: Dominique Broadway
Description: Instead of saving what's left after bills, set up automatic transfers from each paycheck. Most people never save because leftover money doesn't exist…

6 Sept 2024 · 1 min

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Instead of saving what's left after bills, set up automatic transfers from each paycheck. Most people never save because leftover money doesn't exist. Automating the process makes it consistent and actually happen.

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Paying yourself first is a very important thing because unfortunately, if you wait to save money that's left over at the end of the month, 9 times out of 10, for most people, it ain't gonna be nothing left, okay? So that's another thing you want to do. Make sure that you're paying yourself first. And this is a very important step, which is making sure that you're not just saving when you see there's some extra money, but actually making sure that your savings is automated. This is This is literally why most people don't have no daggone money saved now. It's because they are not having it set up to automatically happen.