19min chapter

Young and Profiting (YAP) with Hala Taha  cover image

Joel Larsgaard & Matt Altmix: Our Top Personal Finance Hacks for Millennials | E282

Young and Profiting (YAP) with Hala Taha

CHAPTER

The Importance of Paying Yourself First in Personal Finance

This chapter emphasizes the significance of diverting money towards savings and investments, like a 401k plan, to achieve financial growth through compounding. It discusses the role of automation in overcoming laziness and lack of discipline in saving, leading to financial security and meaningful work choices. The chapter also advocates for building emergency savings beyond $1,000, with tips on cost-cutting and considerations between home ownership and renting.

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