
Investment Strategies – Pay Yourself First
Each month you settle down to pay bills. You pay your mortgage. You pay the electric company. You pay the trash collector and others. But do you pay yourself? One of the most basic tenets of sound investing involves the simple habit of “paying yourself first,” in other words, making the first payment of each month into your savings account. Americans’ saving patterns vary widely. And too often, short-term economic trends can interrupt long-term savings programs. For example, the U.S.