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Updated almost 14 years ago,
Paying self first ?
Maybe I shouldn't be taking it literally, cause I don't understand the concept.
If I get a paycheck - I get paid right after the government , state, county, health insurance company get paid. Even a freaking garage management company gets paid before I do. I'd like all of them to get in line after me, but ?
When received a rent check from a tenant - I pay PITI and HOA (to avoid delinquency), other expenses and only then put my hands on the rest.
Should I get paid first, I shall jeopardize getting behind on all necessary expenses, don't I ? Isn't it a promotion of irresponsibility?
What is this thing all about?