Pay Yourself First
Reading time: 2 – 4 minutes
I have never really liked this angle only because it doesn’t make sense. I mean it makes sense to the person who thinks of running a business like a job but to the Hustler it doesn’t fit. When you have a job you reward yourself for enduring a subtle form of slavery on the plantation but when you run the business the reward is making the money. This whole pay yourself first thing baffles me because if I run the whole company why do I have to stop to pay myself. I OWN EVERYTHING!
See I think this angle comes from the philosophers to chips. Someone who never ran a damn thing always tells you to think this way and pay this way. Then when one cat finally gets up to do something for himself we take the advices of the Aristotle to empty pockets. It’s not like you are going to forget to spend your own money but it doesn’t make sense to pay yourself just because it’s the 1st and the 15th as that’s what people on welfare do. When you see something you like and you have the money to get it, get it! But, whenever money comes in from your business it’s best to reinvest it to make more money or to plan for a rainy day. The benefit of running a business is staying in business so you can make money over and over again.
If I took 10% of my profits and paid myself each time I would’ve been out of business a long time ago.I bet you my bottom dollar that someone who sells things to CEO’s and the self employed made this dumb ass saying. If I would’ve started to self impose tricking on myself for no other reason because I deserve it I would’ve been out of business a long time ago. Again I OWN EVERYTHING so why would I (INSERT TRICKING HERE –>) trick off money to reward myself because it’s some magical time.
Let me wrap this up! If you own everything from the desk to the computers to the pencils in your employees hands why in the hell would you have to remind yourself to buy something for yourself. The reason why business people don’t do it is because they want their company to get bigger and bigger so they can make more and more money. All you cats starting out are going to be out of business faster than you started if you listen to the CON of paying yourself first!