The Richest Man in Babylon, Keep Part of All You Earn

Here's another thought from The Richest Man in Babylon:

I found the road to wealth when I decided that a part of all I earned was mine to keep. And so will you.

Yep, it's hard to grow your net worth if you don't keep a portion for yourself.

So, how do you do this? First, you have to spend less than you earn. Next, develop a plan to put a portion of your excess in savings. And do it automatically, so you don't have to remember to do it over and over again. My favorite way to do this? Fund your 401k -- at least enough to get the full company match.

Comments

[debt monster]

I'll do this as soon as I am out of debt.