Quote:
Originally Posted by Snodog
The key is to have so few wants that you can comfortably live and have plenty of money left over to save. I know all the experts say the reverse but we save 38% of our gross (on a modest salary) by paying ourselves last. Paying yourself first is just too restrictive for me but YMMV.
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I have to agree with you!
The "pay yourself first" are said by the financial investment industry to get you to pay your self first so that you will have $$ to invest in their funds and schemes.
It is far better to pay yourself LAST...that way you get the debt paid down and out of the way first, get the obligations and liabilities out of the way, then with what is left, you take for yourself.
The crowd likes the platitudes such as "pay yourself first"...and other platatides too....the crowd is usually wrong....be a maverick...do what is exceedingly obvious, even as the "experts" say otherwise.