That question will definitely provoke a lot response and why not?. We all have a lot of factors jostling for our income before we even get it.
But who do you pay first? The best answer is YOURSELF. Why? The truth is this - you worked for the money you have earned and it is only proper you pay yourself first. The minimum that is advised to pay oneself is 10% before you deduct all your other expences.
This 10% serves as your cash at hand and overtime your investment pot. This is one of the best way to save and invest on autopilot without bothering if you are securing your future.
It is advisable to still do this type of payment plan even if your work place offers contributory pension. It helps you increase your options even when the returns from the schemes might not be as much as you can generate on your own.
Till next time, start paying yourself FIRST.
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