Pay Yourself First With Other People’s Money
Written by Urban Mogul Life on January 5, 2010
Now that another First of the Month has come and gone, you’ve probably already paid other people’s bills. It’s unavoidable! Especially the basics of living; Mortgage/Rent, utilities,Car/Insurance.
But, the first person who should always get paid is you! Give yourself a raise today!! And what better way to start the process than with Other People’s Money! Chase Bank is running a promotion that gives you a $125 for opening a new checking account with direct deposit. This special ends January 30th, 2010! This is legit, I opened an account on Saturday!
(If you open the account online or in a brick-and-mortar branch, use this code: 3380679279935169)
Regardless how much, or how often you get paid, budget to pay yourself a percentage or a set amount from your salary every month into a special account. Plus with authdraft/direct deposit, it’s worry free money making.
Now I know some UrbanMoguls are glazing over this thinking that you’re already participating in your company’s 401k, 403B, or something through their jobs. But you should do BOTH!
Remember my previous post on Osceola McCarty, the washerwoman who accumulated over 200 Grand from disciplined saving. as Robert Kiyosaki, author of Rich Dad Poor Dad says, “It’s not about how much money you MAKE, how much you keep..”
I want to hear from you Moguls, what bill do you pay 1st and what’s the one you’re willing to delay or not pay??