What does it mean to "pay yourself first"? The last speaker in the video says something that's factually not true. What makes him wrong? Which option would YOU prefer: automatic or manual? What are one benefit AND one disadvantage of using your preferred method?

Question

Damon Paul

Business

12 April, 17:40

What does it mean to "pay yourself first"? The last speaker in the video says something that's factually not true. What makes him wrong? Which option would YOU prefer: automatic or manual? What are one benefit AND one disadvantage of using your preferred method?

+5

Answers (1)

Know the Answer?

Kasey Owens · Answer 1

1. What does it mean to "pay yourself first"?

Putting money in savings while the other first

2. The last speaker in the video says something that's factually not true. What makes him wrong?

You could either lose your money or make a system error, although with a direct deposit it would occur.

3. Which option would YOU prefer: automatic or manual? What are one benefit AND one disadvantage of using your preferred method?

Automatic. There's no profit in seeing it, so if you're measuring how much you have made, I'm not going to spend it at the cost of automatic saving, so you'd think some of your money has been wasted.