The 'Pay Yourself First' Rule: Automating Your Wealth
Many users of the Rich Dad App find they have no money left for assets at month's end. The reason is usually: Wrong Order.
Poor Dad's Order
Income -> Pay Bills -> Consume -> (Nothing left) -> Save/Invest
Rich Dad's Order
Income -> Invest in Assets (Pay Yourself First) -> Pay Bills -> Consume
How to Execute?
This takes discipline, or—Automation.
- Auto-Transfer: On payday, auto-move 10-20% to your investment account.
- Force Log: Record this as an "Asset Increase" in the App immediately.
- Survive on the Rest: Use the remainder for bills. The pressure will force you to cut waste or earn more.
When you treat "getting rich" as your highest priority bill, wealth is just a matter of time.
#Pay Yourself First#Automation#Savings#Mindset