When you get your first paycheck

When you get your first paycheck here are three things that you need to be doing right away. What's that on my shirt for context? I'm 21 years old and I've saved and invested over $100,000 by following the same exact blueprint. Now step one is you should be automating your savings right when your paycheck hits your account. A portion of it should immediately be withdrawn and should be deposited into a high yield savings account where it can grow an interest without any risk. This means your money is working for you just by sitting in the bank. And for me that's a free $70 every single month just for holding my money in there. Next number two is automating your investments. You need to be investing your money. I don't care if it's only $5, $10, $20 a week as long as you're consistently investing money into the market in a safe and smart way of course your money will grow. And then lastly, make sure you're allocating money into your for fun budget. And this is just money that you can be spending on yourself, shopping, going out to eat, going on vacation because the big part of personal finance is finding that balance between being financially responsible and still enjoying life.