When Keeping 10% Pays You 1,000%
There is an old piece of advice that says you should always, ALWAYS pay yourself first. Take 10% off the top of everything you earn and save it, invest it and most of all, keep it for yourself.
You save this 10% off the top before you pay any bills, before you pay taxes, before you buy food or pay the mortgage.
And over time, that 10% will add up to significant money and even financial freedom.
But there’s another 10% I want to talk about, and it’s time.
If you’re spending the best 10 hours of your day working for someone else, or even staying home with the kids during this unusual time in history, I’d like to suggest the following:
Spend the first hour of every day working towards your big goal. If your big goal is your own business, then spend that hour making progress on your business.
Nothing gets in the way of this hour because this hour belongs to YOU – not to the kids, your spouse, the boss or to your emails.
You are paying yourself first with this hour. I’ve seen people build entire businesses and quit their jobs by being iron-clad adamant that this hour – every single day – is used for nothing but growing their business.
Maybe your goal is fitness oriented. Use the hour to work out. Or maybe your goal is learning a language or new skill. Whatever the goal, commit the first hour of the day – when you are freshest and the ideas and solutions come quickly – to work towards your goal.
And six months from now you’ll probably need a new goal because you will have (finally!) achieved your current goal.
Irving
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