True Patriot Love - Wealthy Barber Secrets： Pay Yourself First! #retirement

00:00:00.120 What I tell them is, first of all, it's not rocket science.

00:00:03.380 You know, you talk about the wealthy barber.

00:00:05.540 It's still great advice today.

00:00:07.100 I mean, it's so simple, but, you know, the idea of paying yourself first, right?

00:00:11.400 Take 10% of your take-home pay and set it aside and just invest it for your entire career.

00:00:17.860 If you start young enough, it's going to be a massive number one day, more than you're

00:00:21.440 going to need.

00:00:22.280 If you wait longer, it's going to be harder to get there.

00:00:24.900 You might have to set aside a little bit more than 10%.

00:00:26.600 Set aside some every month.

00:00:29.000 pay yourself first and then it's a matter of uh quite frankly you know and this is the biggest

00:00:34.440 thing that canadians struggle with it's just not spending more than you're bringing in every month

00:00:38.200 and that may sound simple but it may sound obvious but it's amazing how many people don't get it

00:00:43.720 right so you know because if you've got a you've got you know a bucket it's full of water and

00:00:50.280 there's a leak in the bottom which because you're because you know what's going out is exceeding

00:00:54.600 what's coming in every month you're never going to catch up it your debt's going to continue to

00:00:59.720 spiral and that's going to be a weight around your neck so bottom line is get your spending

00:01:05.000 under control and then get your then get your your debt under control as well

True Patriot Love - April 30, 2026