Published on Apr 10, 2013
In order to become financially independent, you must learn to pay yourself first. Watch my video and learn ways to save money and how to become rich throughout your lifetime.
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COMMENTS • 458
Al Galarza1 year ago
This is exactly what I did and it’s been working for the last 3yrs. I have a 401k, I save all coins in a coin jar, cut out an expensive cell bill, stop buying/playing videogames, take a lunch to work at least 4 days a week instead of buying one and most importantly I “pay myself first” before paying any bills. The second part I did was increase my earning ability by changing careers. If you make more, you can save more as well. Don’t lose focus…it will work!
ascetica02 years ago
bad hand gestures but fucking dank knowledge yo.
Paul Koffi1 year ago
The richest man in Israel says:
Pay God first, then pay yourself. :D
Leticia Rodriguez1 year ago
I used to get my pay check and put a small amount of money in my savings and then every time I ran out of money in my checkings I would take some money from my savings. Telling myself I would just double the amount on my next pay check. The key to saving is not only “paying yourself first” but to keep that money there. Don’t touch it!! I started off with only putting $50 every paycheck and now I am putting over 50% of my monthly income into savings. I love this so much. I would have never been inspired to do so with out this. Thank you!
brandon29322 years ago
I saved $3000 in 4 months putting money aside!! But I rewarded myself by going to Vegas and spent it all :/
Little Alex1 year ago
Thank you darth sidious
gbrsc1 year ago
You’re like my new grandpa that I never had!
Paul OregonUSA1 year ago
I save 50% of my income 😅👍
Sam C1 year ago (edited)
I learned the hard way that LUXURY is not your friend. For when times get tough LUXURY will leave you in despair. You may think of course NECESSITY must be your true friend, but nooo, NECESSITY is like Family, it is always nearby but doesn’t always help to get you out of a rutt. Who then is your true friend? Your true friend is FRUGALITY, for even during the toughest times it will be there to help you.
Javi d C2 years ago
Anyone watching this video should just listen to how it applies to your own life and please don’t criticize. This is very sound advice, paying yourself first and only spending that amount on self habits or things you like will give you the discipline needed to live today or at anytime. I started living this way years ago and there is never a moment I stress about money, listen to him carefully and use this advice.
isaac Hunt2 years ago
This man talking sense but i already been saving 33% of my salary for the past 3 yrs and now has $39,000. saved but what i wan’t to find out is where is the best place to keep my money at home or banks
Cdogbillionaire3 years ago
Personally I think you are better off with an investment you understand, one that pays you money every month or week like a rental property.
Cody Stritz2 years ago
8 to 10% interest??????? Who the fuck are you kidding??? Most savings only give about 0.1%-0.5%
mark sanchez3 years ago
I wouldn’t put more than 2000 into any bank I would rather risk it getting burned in a house fire then a corrupt banker
Eddie Blums2 years ago
I’ve been working for 600£ per week, for last 3 years all I’ve got is MacBook and cheap skoda fabia, that’s because of spending money for not needing things and gambling. Now when i lost my good job and I’m working for 300£ pw I’ll try to do what you’ve saying. Let’s see what happens. I’ll be back to u in one year. 😄
Jeff Davis2 years ago
Unless someone understands the magic of “compound interest” saving a small amount of money may seem like a waste of time. But when your money begins to earn money you are making money twice as fast; there is the money you add to your account every month and the interest you earn from monies already in the account. The book “the richest man in Babylon” is a classic and if you have not read it you should. Brian you hit the nail on the head as always. Thanks much
Tung Hatastic1 year ago
8-10% interest…yea gl to that
Thuy Nguyen2 years ago (edited)
Paying yourself 10% is too low given how much inflation and the cost of living has increased. I think the percentage that you should pay yourself should be at least the amount you tip at a restaurant – which is currently 20%.
datsunmadman1 year ago
I put 10% in my 401k. Is that good
JAC1 year ago
I take 2% of what I make and throw it in the ocean.