I originally posted this video on my blog, GeniusTypes.com, but it applies heavily to what we are doing at Passive Equity.
Many people love the concept of “Pay Yourself First” (popularized in “The Richest Man in Babylon” ~affiliate link~), but they don’t fully understand it.
“Pay Yourself First” does not mean take yourself out to dinner with your paycheck. It means putting money aside into an account that you never touch, even before you pay your creditors.
Once that account is large enough, it can go to work for you in passive income-producing assets such as private loans to real estate investors.
