Tag: How To Have The Right Mindset

Tax Yourself

It’s hard to save money. Rising housing cost and expenses take away more than half of your check. Especially if you live alone. But wait…there’s more…

Look at those shoes 👠👠👟👟 And that new Apple watch ⌚

It’s happy hour 🍹

I’m too tired to cook 🙍

We can charge that trip and pay later (ignoring all the interest charges when you know you can’t pay it off)

Hey, I’m all about living a full life. You can do whatever you want BUT you should do it after you tax yourself. I shoot for a 20% tax on myself that goes towards savings and investments. I know some of you might be saying you can’t do it. That you have kids and bills to pay. But what if the government put a 20% tax on you? It would suck but you would have to pay it. Try to think of it that way (thank you Tony Robbins). You’ll have a cushion for emergencies and your future self will thank you for it. Automate and work with what you have. Or at least, make sure you’re putting something away.

(allocating more into your 401K, HSA and IRA will lower your taxable income. Means – giving less to the IRS. Keep more of your money. Most of us aren’t in the 1% bracket where we get great tax breaks)

I recently realized two things with Amazon. Continue reading “Tax Yourself”

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