018 | Pay Yourself First

Pay your self first! We've all heard people make excuses that they don't have money to invest, yet we frequently see these same people out to dinner, with a Starbucks in their hand, wearing the newest clothes, etc. In episode 18 we delve into the concept of reversing typical spending habits. Most people get their paycheck, pay their bills, and spend on expenses. Whatever might be left over at the end of the month - if anything - is what's used for investment. The "pay yourself first" mentality (inspired by Robert Kiyosaki in his book Rich Dad Poor Dad) means you first allocate $$ toward investing and whatever is left over is what you have to budget for bills and expenses. This ensures consistent investment over time and capitalizes on the 8th wonder of the world - compound interest! This episode also treats our listeners to the origin story of Ben and Jeremy's friendship and a bike ride that got everything started. Enjoy!