I am 31 years old, and am proud to say that I have been paying myself first for about 5 years. The only way to make this possible for me was to do it automatically. In fact, I started with 4% on both my 401k and my wife’s. After a few months of not missing any money, I increased it to 6% and then 8% and so on. We are now at 20% into each 401k, our only debt is our house and one car (financed at 0%), I have 529 plans running for both of my kids, a rainy day fund that would cover us for only about two months but it’s growing, and I feel like I am on the right track.
What I gained from your book, however, is two things. Number one, I now have an uncontrollable itch to start paying off my mortgage quicker, and number two, I haven’t done much in the line of charitable gifts other than some church donations and noncash gifts to goodwill. You have inspired me to become more active in this area. What a great thing that is and hopefully another 10% of the people that read this book will be inspired the same way. If that’s the case, you have done some outstanding work, and may have changed many lives and many generations. I know I will be teaching my son the charity lesson. I’ll give him some time though, he’s only 2 1/2.