This series of blogs will talk to you about the importance of paying yourself first - the most powerful money management system I have ever known. Introduced to me in a seminar by a success coach last year, then tested and proven by the best selling personal finance authors I have come across in my self-education, this simple-yet-effective wealth management is the best thing that I've ever known about money and this can help me and you keep track of on the road to financial prosperity and freedom. And I wouldn't preach about this if I don't walk the talk.
If you got here by accident, I advise you go back to the introductory post about paying yourself first here so you could go along with the ride smoothly.
After reading the previous post about your regular and faithful offering to Him, which is the most important aspect of paying yourself first, I'm sure you have finally realized how happy and healthy it is for you to actually give back a portion to the Provider of wealth.
Normally, the "pay yourself first" is a certain percentage of how much you have to set aside as savings and investments before you actually use what is left for spending and cost of living. How much you are going to set as savings is really up to you, but if you have to start changing your financial beliefs and creating a wealth mindset in preparing and securing your future, doing this faithfully can be a remedy to your worries.
One vital part of your wealth management system is having an emergency fund.
One vital part of your wealth management system is having an emergency fund.