Jack Canfield – Pay Yourself First

“You have a divine right to abundance, and if you are anything less than a millionaire, you haven’t had your fair share.” – Stuart Wilde

Hmmmm…..back in 2007 when I began working as a work-study student at college, I use to save EVERYTHING.  When I needed to move out of my apartment due to family transgressions, NO PROBLEM!

When I had emergencies, NO PROBLEM!

When I had the idea at just past 12am on a very early May morning in 2009 to fly to Australia, I checked my bank account and realized I had enough money for the plane ticket, and 100$ spending money per day.

But….WHAT IF I wasn’t an aggressive saver?

Some of you reading this right now are also thinking about your future in terms of saving and where to go next with ROTH IRA’s and 401k’s.

You’re going to have to learn to pay yourself first.

Jack Canfield wrote in his book about George Clason who wrote a book  called “The Richest Man In Babylon” – one of the great success classics of all time.  It’s basically a fabled story of a man named Arkad, just a simple kid who convinced his client, a money lender, to teach him the secrets of money.

The first principle the money lender tAught the kid was “a part of all you earn bus the yours to keep.”  He goes on to explain that by first putting aside at least 10% of his earnings – and making that money INACCESSIBLE for expenses – Arkad would see this amount build over time.

Many people have built their fortunes by paying themselves first.  It’s as true and effective today as it was in 1926.

Podcast – https://www.spreaker.com/episode/9591625

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About thearseniobuckshow

An English teacher, entrepreneur, writer, and speaker living in Thailand. For those people who are looking into becoming entrepreneurs, personal development, food/health, and even students who are looking at taking test preparation courses - this blog and website (soon) will feature all of it!