The key to sustainable way of saving is not just to put savings above all else, but to built psychological mechanisms based around habits and goals to ensure a stream of cash flow for investing

Introduction

Read enough personal finance books or blogs and you should see this term “Pay yourself first” tout around as much as the power of compounding.

Pay yourself first basically means that before you plan how to spend your money on entertainment, giving to parents and other goals, allocate an amount for yourself into your own savings.

Many readers ask me how they should get started in investing, when to get into the market. It is most often not when you are in the market but whether you have the cash to take advantage of opportunities.

If you have a stream of cash flow coming in every month, it matters less that a bear is ...