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Pay yourself first


   Maybe not first, but make sure to pay yourself at some point. With all the scrimping and saving and sacrifice that you will be doing in your quest for financial Independence, you can sometimes lose focus or feel deprived. That’s why you have to give yourself something nice once in a while, buy little something to make you happy here and there.

    As we speak, or more accurately I write, I’m sitting on my front porch with a bottle of wine, the sun and my new laptop computer that I bought two days ago. Now, I didn’t just go out on a whim and say I feel bad, I’m buying a computer to be happy, oh no. I decided a year ago to buy a new lappy. I scrimped and saved, not for the computer, but for the whole “financial Independence” thing. The laptop came as long awaited reward for hard work and smart decisions. I decided last month that if I reach a financial goal of “X”, I get “Y”(the computer) as a reward. Clearly, “X” was accomplished.

    Money does in fact buy happiness, to a point. In this case, great financial decisions bought a new laptop for your truly and the rewards for an education in Personal finance have began to roll in. Robert Kyosaki has a great way to explain this. The poor buy what they want first to make them happy. The rich plan for the expense, they make the money first, invest it and use the excess to buy what they want. In the end, they have the item they longed for, AND still have the money in hand. Not his words exactly, but close enough.

   If you had that one thing to work towards what would it be? And in what time frame do you want to achive the goal ?


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