Got bills? We all do. But, who do you pay first when after you deposit your paycheck?

Most people pay their bills first, and play with what little is left. Sometimes, they'll put a small amount into a "savings" account, which might earn all of 2% interest.

Is this you? What if I told you that you should be paying yourself first, and not into a savings account, but a "wealth account?"

Only read the rest of this article if you want to become wealthy.

Why? I intentionally became a millionaire before I was 35, and now I teach others how to become millionaires. One of the first things I tell them is to pay themselves first, putting the money into a special account called a wealth account.

Investing - in yourself and in building assets - should be your first priority

Millionaires make investing a priority. They pay themselves first into this special wealth account.

I call the payment you make to your wealth account your Wealth Account Priority Payment (WAPP). As the name implies, this payment is a priority, comparable to your mortgage or rent, bills, or any other priority expenses. Your WAPP should be a specific, set amount, and paid consistently, come rain or shine. Most of my clients make their WAPP monthly.

The concept of paying yourself first is often misunderstood. I've even heard financial advisors confuse this with putting money into savings. I've seen others tell people not to start a Wealth Account if they are in debt. None of this advice will support and create lasting and ever-growing wealth.

If you want to be a millionaire, you have to act like one today. And all millionaires use something similar to the process I call The Wealth Cycle