BUM
Thinks s/he gets paid by the post
You can only spend it once!
Well, it was something I've read more than a few times: (hope I'm getting this correct):
No one has ever gone broke taking a profit.
To me "pay yourself first" means save, i.e. put it in 401k before you even get it home. Save it before you spend it. There may be several other meanings for that phrase, but I always connected it with saving money and being responsible.
Pay yourself first is one of the most basic financial principles there is . . . or so I thought. Maybe that is one of many meanings?
http://finance.yahoo.com/expert/article/millionaire/2058
Save early because of the compound effect.
Every penny counts toward saving!
Avoid debts if possible.
Pay your bill as you receive it.
Buy reliable used cars, i.e., Toyota, Honda, etc.
Resist the temptations to time the market.
Money should not be the main goal in life. Take time to enjoy life instead of focusing constantly of making money and not spending time with friend and family.