Pay Yourself First

An artist in concrete.

Best in the county.

These are but two of the accolades heaped on Darrell the Concrete Guy.

So busy was Darrell’s crew that we waited an extra three weeks, into what was to be a 30 day project, just to secure his services.

Oh, and his work was good.

Which can’t be said about his finances.

Darrell had a nasty habit of sending his invoice for services at 8:00 PM via email, and then texting at 6:00 AM the following morning to see if he could “swing by and pick up a check to meet payroll.”

Even though he was busier than a long tailed cat in a room full of rocking chairs, he didn’t have his finances in order.

Not unlike too many wholesalers – some of whom I’ll bet you know.

They make money hand over fist.

And spend it just as fast.

The next correction, reorg, layoff, basis point adjustment is just around bend.

Which is why financially secure wholesalers pay themselves first.

This story is excerpted from Brotherhood of the Bag: The Sunday Night Edition – on sale at Amazon.