Why and How to Pay Yourself First

Pay yourself first is a foundation for financial success, but what does that mean and why should you do it.
Many people are currently living paycheck-to-paycheck. That means that at the end of the month or the end of the year, after work their butt off all year, there’s no money in the bank to show for. In that case, if you were a business, your business might fail because you have no profit. You might be fine for a little while, but you won’t go the long haul.
My guest, Rocky Lalvani, is back on the show to discuss why you should pay yourself first and how you can do it.
Rocky is the Profit Answer Man and a Profit First Professional. He helps business owners achieve financial success and utilize their business profits to live a life of abundance. Rocky is the millionaire next door. He started out with basically nothing when his parents immigrated to the United States when he was two years old, and his dad was 42. It was his parent's second big move in life, and they were starting over again to create the American dream. Despite many struggles and his Mom passing away when he was 7, he has achieved financial success and wants to share the lessons he has learned along the way so others can achieve success much faster.
Rocky and I have a great conversation about the principles behind the super successful book, Profit First. And how you can apply those principles to help your personal finances turn a profit.
Full Show - Why and How to Pay Yourself First
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My videos are intended for education and entertainment. I do not give investment advice.
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Lacey Langford, AFC®, is a financial coach, writer, and speaker who changes people’s mindset from being fearful of money to having control and confidence with it. Money + military is her jam.
She’s the founder of LaceyLangford.com, a personal finance blog and coaching practice specializing in the unique world of the U.S. military. She’s been featured in Good Morning America, Market Watch, and U.S. News and World Report.
Lacey’s the creator and host of The Military Money Show, a podcast dedicated to helping the military community make, save, and invest money wisely.
Besides being a financial coach, Lacey teaches other financial professionals to build a portable and profitable coaching business through her Financial Coaching Business Builder course.
Lacey’s an Accredited Financial Counselor® with over 15 years of financial planning, counseling, and coaching experience. She likes long walks on the beach, cross stitch, and opera. Just kidding. She loves reality TV, chili-cheese Fritos, and laughing.