Reverse thinking

Ranked #4 on the list How to Build Wealth (at any age)

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About Reverse thinking

When the majority of people get paid, they typically spend a little money first, pay their bills, and then save what is leftover. This thinking is backwards because we should really be putting our financial goals first. For example, we should be saving first, paying bills second, and spending what we have left. 

 

When we put our saving goals at the forefront of our finances, we will have more control over our spending and our ability to save. Spending first typically makes it harder to save later.

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