- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Ouch, Market Taking a Beating
Posted on 8/15/13 at 5:38 pm to Vols&Shaft83
Posted on 8/15/13 at 5:38 pm to Vols&Shaft83
quote:It will pay off . . . In Spades, Vol!
Obviously. And it is psychological. And it works. I'm not on a salary, my income fluctuates month to month, so I have to be disciplined. Back when I used to pay bills first, and then invest/save what was left over
There are times I look back now, and wonder "How the H...., did this happen."
Good stuff.
1
Posted on 8/16/13 at 9:22 am to NC_Tigah
quote:
It will pay off . . . In Spades, Vol!
I've had success doing that - I set my retirement contributions and vowed to "increase it until it hurts". I went from $0 to $40k in less than 40 months by "paying myself first" - and I did debt reduction and other investments, too (although a lot of that was with "found money" - extra military training events, life insurance proceeds, etc.)
How did that happen?
Another thing I highly recommend is the automatic mortgage payment, tied to your paycheck. That is the greatest psychological boon I've ever discovered - although it technically hits the bank account, I never see it reflected in the available balance. So, in essence, I pay myself first (never goes into the bank), and the mortgage second - everything else is literally child's play to pay.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News