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RE: Do You Pay Yourself First?

in Threespeak2 years ago

I have something I call a money magnet. It makes more money come into my life all the time and anyone can copy it because it works very simply:

You just take 10% of your income and transfer it to a separate account. However, you never touch this account. You must never withdraw even a single penny from this money magnet, otherwise it will lose its effect. This is because the money magnet only works if it grows steadily.

Even if you send 10% of your income to the money magnet, after some time you will notice that you will dispose of more money. It sounds crazy, its functioning cannot be justified with pure mathematics, but it works anyway and many successful people have tested it and implemented it into their system.

Try it out and let me know what you think!

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That's a good habit. If someone saves 10% of income, that will be huge over time. And if he gets compound interest on that, that will grow faster. Thank you for your feedback!

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