Super Quick video today as I just walked back to my house.
I want to talk quickly about the concept of paying yourself first.
Let's make sure I don't get run over a.
This is something that's been so powerful in my life lately as I've been saving and
it's something that I kind of came about accidentally due to my investments in cryptocurrency.
Now, whether or not you agree with cryptocurrency, that's not what this episode is about.
Okay?
So don't worry about it.
Where I put my money is, is up to me, but basically this idea of paying yourself first
is you put money aside first you get paid and you don't touch it.
Okay?
That money is saved and then you have to live off the rest.
Or if you can't live off the rest then you have to work out ways to make more money in
order to live off the rest.
And I absolutely love, um, sugar sugarmomma TV.
She has this thing called the thousand dollar project.
I'm going to have to get her on the show sometime, but she looks two ways to generate a thousand
dollars that she can take.
And invest and so she looks for ways in her life that she can make just that extra chunk
of money to turn into an investment.
Um, but you can also take that idea and say, make this extra chunk of money and then you
can use that to live off if you're already paying yourself first.
Oh my gosh, it's hot.
Hold on one sec.
Oh, shivers winter noosa.
Hey.
Too Hot for a jumper.
Anyway.
All right.
So this happened in my life.
I've been thinking about budgeting anyway, but even before that started investing into
cryptocurrency and was putting money aside into these investments because I'm really
passionate about it because I look at the future and I something that I want to invest
in and so I was doing it because it's something that I want to do.
But then also there's that extra level of it's hard to turn crypto back into Fiat currency
into a shiny dollars and to get it out.
So I was paying myself first without even knowing it.
And then what happens over time as you pay yourself first is that it's really hard at
first because you're like, well, I could just easily take that money back out, right?
You have $500 saved up, you know, I've got at the moment.
And so it's like, okay, well that'll, that'll help to pay for Reggio so you can do that.
But then what happens over time as you keep paying yourself first you put money in hand
to access spot is that eventually it builds up into larger and larger sums.
And it gets to the point where it's so large that it's moving towards a house deposit.
Um, you know, it's moving towards that sort of money.
And then it's like, okay, well now I've got reggio Jew am I going to take from that, like
know and not that money becomes untouchable because you don't want to touch it because
that's a big thing that you've built.
And so pay yourself first, really hard in the beginning, but it gets easier as time
goes on.
And so that's something that I want to encourage you to do.
Even if it's just like a dollar a week or a dollar a day or you know, 50 bucks or 100
bucks a month or whatever it is, just like get started doing it.
Try your hardest not to touch that money and overtime as that builds, once you like a thousand,
2000, then you might want to take it out, but we'll just stop here at the van.
But once you build that up and once it becomes a larger and larger sum, then it becomes something
really powerful in your life and that drives you forward by itself.
That's something that I didn't expect about pay yourself first, is that it would actually
become a driving force in my life.
I thought it'd be something really hard to do, which it kind of was in the beginning.
It was hard to do, but I was passionate about what I was investing in.
So it was actually kind of pretty easy.
Um, but it's harder to do in the beginning because you're sacrificing, you're putting
away this small sums of money.
You're not really building that much in the beginning.
But then as it grows into this bigger amount, it fuels you and it drives you forward.
It pulls you forward, and so now I've got this level of investment that's getting closer
to a house deposit and that's pulling me forward and are passionate about growing that and
finding ways that I can put more money into that, that I can pay myself first, even more
money and say that up quicker.
So as you build it, it creates momentum in your life, which is something that I really
didn't think would happen, but something that has happened in is powerful.
So I'm, I'm crap at budgeting guys.
You can you know that I'm not very good at it, but when you can pay yourself first and
you can lock that money away, then that can really start to work for you and really start
to be a positive impact on your life.
So go out there, work out a way to start paying yourself first.
Set up a separate bank account with ing or with what is it you bank or something like
that, online saver if you want, or you could use that money to invest into shares.
Okay.
Into whatever it is that you want, but yeah, go ahead.
Pay Sell first and then come back in six months time and you realize how much of a driving
force it is in your life, how good it is, how powerful it is, and how it's pushing you
forward towards greater and greater wealth.
So we should absolute best with that.
Until next time, stay positive.