Why I pay myself first - with my time
đź”— a linked post to
joanwestenberg.com »
—
originally shared here on
We've all heard the personal finance advice popularised by Robert Kiyosaki: "Pay yourself first."
I've never liked this advice. It rings hollow. It feels selfish.
When you run a business, you don't pay yourself first. No, you have an obligation to pay your taxes first. To pay your employees second. Your vendors and suppliers third. And yourself? Dead last. This is how business works in the real world. Personal greed is a poor substitute for personal responsibility.
As an individual, yes, I find the “pay yourself first” mantra to work well for me.
As a business owner, I feel gross paying myself. I feel like someone is always gonna come after me for more money.
Maybe this is why I’m not a great entrepreneur.
But maybe there's a kernel of wisdom in "pay yourself first" that we can apply - not to money, but something far more precious - to our time.
This feels like a way more fitting application of the axiom, and it’s certainly something I’ve been prioritizing these past few months.
Maybe this advice will help you, too.