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Make Your Next Pay Cheque The Best One Ever

Make Your Next Pay Cheque The Best One Ever

There is one thing you have to get right if you’re ever going to get ahead financially… and not being able to do it is the one thing that holds most people back.

The number 1 determining factor in how financially successful you will be is your ability to pay yourself first!

What do I mean by that? Well, most people want to save. They know they need to in order to get ahead, and they tell themselves they will save what’s left over. Trouble is, there’s often nothing left over or if there is, if not’s consistent.

THE NEXT TIME YOU GET PAID, you can change this forever…

Set up an automatic transfer from your transaction account to a high interest savings for every time you get paid. Start small! Make it something manageable. The most important thing is that it has to happen every day you get paid.

Get your bank to give you a hand to set it up.

That way you’ve paid yourself first! Before you start spending your money paying everyone else, you will have tucked some away FOR YOU! You’ll be surprised how quickly you will be able to make this a habit and it will feel good seeing your savings grow.

Once you’ve have savings to work with, you then have options. Those savings can be used to increase debt repayment, invest or make additional contributions to super… all the sorts of things that lead people to being wealthy!! This is how you start on the path to no longer needing to work for money… you’ll have money working for you instead!

You can gradually increase the amount you save and the next trick to making this easy AND successful is to save more tomorrow.

What do I mean by that? Well, the next time you get a pay rise, the moment you get it, increase the amount of your regular savings by some amount (obviously, the more the better).

It’s a pay rise, so you’ve been living without it… that means that if you start putting part of the pay rise aside you won’t miss it. You should incorporate some of it into your lifestyle because you work hard and deserve it, but the trap here is that if you don’t immediately take action to save at least of that pay rise, you will get used to having more to spend and it’s hard to then find the savings. Start saving BEFORE you get addicted to having more to spend.

Saving more tomorrow avoids trying to save too much too soon. People start with the best of intentions and go hard early, blow up and give up. Like with so many things to do with money, slow and steady works. Get rich slowly. And saving more tomorrow has been scientifically proven to work!

Make your next pay cheque the best one ever by making it the moment you put yourself on the path to financial freedom!



If you’d like to find out more about how INDEPENDENT financial advice could help you manage cash flow, pay off the mortgage faster, get the most out of super and invest wisely, then get in touch on 0411 484 464 or head to wealthtrain.com.au.

Daniel McGregor is the man behind Wealth Train and is a member of the Independent Financial Advisers Association of Australia. This advice may not be suitable to you because it contains general advice which does not take into consideration any of your personal circumstances. All strategies and information provided are general advice only.

Daniel McGregor and Wealth Train are authorised representatives of Independent Financial Advisers Australia AFSL 464629

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