Pay Yourself First, With Infinite Banking
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Some give credit to author of The Richest Man In Babylon, George Clason, for the phrase Pay Yourself First. Written in 1926, generally, the idea was to invest 10 percent of one’s earning before anything else was done with the money. In more recent recent times, author Robert Kiyosaki of, Rich Dad, Poor Dad fame has been hammering this advice home.
Today, I discuss, the practical implementations of this strategy when utilizing the Infinite Banking Concept (IBC) that was developed by author R. Nelson Nash in his book, Becoming Your Own Banker, that was first written in 2000, though now in its 6th edition.
Practicing IBC, and its almost infinite nuances, is the definition and the epitome of “Pay Yourself First
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For Extra Content, Check out my other Podcast – The ABC’s of IBC: https://sites.libsyn.com/472758
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