The Automatic Millionare
I have been reading a book called “The Automatic Millioniare”. The basic idea is to pay yourself FIRST and to it automatically through some kind of automatic payroll or bank deduction. In the list below are categories about where your life could be by the time you retire. I’m proud to say that I am going from Dead Broke to about Upper Middle Class. Where are you?
Dead Broke: Don’t Pay Yourself Frist. Spend more than you make. Borrow money on credit cards and carry debt you can’t pay off.
Poor: Think about Paying Yourself First, but don’t actually do it. Spend everything you make each month and save nothing. Keep telling yourself, “Someday…”
Millde Class: Pay Yourself First 5 to 10 percent of your gross income.
Upper Middle Class: Pay Yourself 10 to 15 percent of your gross income.
Rich: Pay Yourself First 15 to 20 percent of your gross income.
Rich Enough to Retire Early: Pay Yourself First at least 20 percent of your gross income.
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Dad’ May 17 Dave Ramsey is doing a live show at the E center, you should Go. its 35$ I am going, Wes and Andrea are going. Mom and Alan are going. would like to get OJ to go but I havn’t talked to him.
I would start with Matt’s post, “Don’t buy things you cannont afford” It’s a start anyway.
That is so exciting. Keep up the good work. look for dave in your neighborhood
Hey I have been around you enough to know that you have a lot more to say than once a month come on!!!!