Personal Wealth-Building - Pay Yourself First Habit Endows a Future For Better Financial Health

Over 70% of working Americans find themselves livingcontrol and set a pathway for a better and healthier
from paycheck to paycheck despite having increasesfuture for your personal finance. You cannot look for
in income. Similar to most people, you pay everyonethat extra money to set aside in a special way after
else first -- taxman, landlord or mortgage holder,you have taken care of all other expenditures. Instead,
credit-card Company, and so on. You even try toyou must make the first disbursement of your
manage with a budget every week, month, and yeardisposable income to your PYF Account.
hoping that if you try harder than before there will beJust as with any other bill payment, consider that
some money left over.disbursement made for personal professional service
A fire will burn until the fuel runs out. The samerendered leaving your operating account with less
happens with your spending which will continue until themoney, and that money cannot be reclaimed. Your
money including that provided by credit runs out. Asmonthly utility bill comes for the amount of energy used
long as money is available in accounts without aand when paid you have totally less money and no
significant purpose, our human tendency is to spendreclaim to the money paid. Further, you receive no
until it is used up. Looking back over a few years youequivalent credit for any future energy services
must have had increases in your income or householdbecause of your long standing relationship as a good
income, but you still find yourself struggling to makeand faithful customer.
ends meets despite the increases. Interestingly, as youNot so with the regular disbursements made to your
made more, you spent more.special PYF account. This account grows and begins
Regular contributions to a "Pay Yourself First (PYF)"to feed upon itself from regular contributions, exposure
account starting with any amount is a beginning solutionto daily compounding interest, and from you taking
to stopping the game and interrupting the vicious cycle.advantage of opportunities to velocitize your money.
By adopting the PYF habit, you can begin to regain