Hello, Winevers. My name is Jesse Meekam. This is podcast number 310 for Wineb,

where we teach you four rules to help you stop living paycheck to paycheck, get out of debt and save more money.

The key to save more money and favorite book of all time, tough.

Very favorite first book I would give my kids as it relates to money and it wouldn't be

my book because that's just tacky. It would probably be no definitely it would be the richest man in Babylon.

It's just excellent.

The richest man in Babylon teaches a very important principle that sometimes we just forget because it's so simple, so easy,

so straightforward that we think that certainly couldn't be the answer.

And the answer is to pay yourself first.

Regardless of how much money you make, you always want to be, and I'll say this a little

bit tongue in cheek, getting richer.

You always want to be getting richer. You always want to be getting richer. So if you're making a thousand bucks a month, you

should be saving a hundred of it. So you can be getting richer. And if you're making a thousand bucks a month, you are living well below the norm.

But the point still stands.

You should be getting richer. If you're making 50,000 as a starting point,

starting point, you should be paying yourself $5,000 per year.

That's for you, for later on, much later on,

for the future version of you that will be retired.

I don't mean you're retired and you know

throwing a hundred dollar bills everywhere but you are living well you're living well

and you've bump it up to 10% and then you can bump it up a little more you bump it up a little more whatever but most people think oh I can't do 20% I can't do 30% I can't do 50% I mean some there are some people the you know a lot of the folks that follow my buddy

Mr money mustache follow his teaching they're saving 50% of their income 60%

...