Money Management Principle: Pay Yourself First
Whenever I talk about success and I passed through the topic of managing money, I always give my audience this quote:
“It’s not how much money you make, it’s how you manage your finances”
This is a very powerful quote if you really understand this deeply.
This means that it doesn’t matter if you are not earning that big. A lot of people who earn big are still struggling or are still in debt simply because they mismanage their money well.
Yes! They are so good in mismanaging their money!
If you are a great money manager, chances are, you will have a better life than most people around you. Even compared to people who earn double or triple of what you make.
Of course earning big amount of money is great! But it is irrelevant if you don’t have the right habit in terms of money management. Income in business fluctuates as you already know, so if you don’t have the right habit, then there will come a time that you will struggle.
Watch my video below as I talked about the importance of the Pay Yourself First Principle.
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PS. My Sales Champ friend Jonathan Petalver also has his website which teaches entrepreneurs to have a killer instinct mindset. Catch him at www.TheSalesChampClub.com