Pay Yourself First | Self-Improvement | Note 447

What are you waiting on?

I used to tell myself money was holding me back. But was it really? Perhaps what held me back was my lack of taking quick action. I’ve had many great ideas, but I procrastinated taking action if I did at all. As Bob Proctor writes in his book, You Were Born to Be Rich, “thinking, by itself, is not enough—you must move into action.”

In honor of Bob Proctor’s recent passing, today I’m going to read an excerpt from his book, You Were Born to Be Rich.
 
EXCERPTS

“Bloom Where You Are Planted—Start Now!

When do you start to live this good life? Is that the question you are beginning to ask yourself? You start now.

Start by answering the following questions:

How often do you pay your phone bill?
How often do you pay your rent or mortgage?
How often do you pay your grocery store?
How often do you pay for gas for your car?
How often do you pay your doctor?
How often do you pay yourself?

That last question seems like a strange one, doesn’t it? But do you realize that less than 5 people in every 100 ever pay themselves. And, if you were to ask the other 95 why they don’t, they would probably tell you that by the time they pay everyone else, there is nothing left for themselves!

Clearly, those 4 or 5 people in every 100 who do “pay themselves,” have found a way around this problem. Although the idea which they are employing has been around for centuries, hardly anyone today is aware of it. What is that idea, you ask? Simply put it is this: “They pay themselves FIRST!”

I have a question for you. Have you identified what’s holding you back from living a good life? Are you willing to bloom where you are planted and start now? Do you pay yourself first?

LISTEN: