The Pay Yourself First Concept - How to Harness the Power of Automation Outside of Your Super

The traditional way of doing things in the past has been you earn a wage, you get paid a set income after tax into your savings account. But essentially what I'll be discussing is how you can harness the power of automation outside of your super and use compounding to your advantage. This sort of flips it around. What this concept is out of your net income per month that you get paid into your savings accounts, you take a set percentage of that net income and as soon as you get paid, you take that percentage and put it into a savings or an investment plan of some sort. You do it forever and if you do it forever, the chances are you will become wealthy because the