Pay yourself first

What is your most reliable earning asset? The answer is "yourself"

Here are some definitions (and some tips) I've come across based on the adage of 'paying yourself first'.

1. Savings - Every time you receive your paycheck or when your salary gets credited, pay yourself first before spending your hard earned cash. Set aside an amount you are comfortable with (which should be more or less proportionate to the importance you place on ensuring a future for yourself, hehe) and keep this untouched. You can assign this savings fund to be your emergency fund and move on to other investments when you've reached your emergency fund goal.
2. Investing on yourself - I doubt anyone wants to get stuck earning the same amount every payday for the rest of their lives -- make yourself more valuable to the workforce by paying yourself, or in other words by investing in your most reliable earning asset, which is yourself. Set aside or build a fund that will support your endeavors in increasing your market value, whether it be going back to school, buying a good book, learning a new skill or making sure you stay in healthy shape, etc.
3. Rewarding - Every hardworking asset needs a breather and/ or a pat on the back once and a while, for motivation to work or something to look forward to after all the hard work. Plus, "all work and no play makes Jack a dull boy." Every time I do something good at work or at home that makes me all fuzzy inside with pride or when I accomplish a goal I set myself out to do, I treat myself to my favorite snack/ drink, or I make contributions to a sinking fund that will help me purchase something I want (ex. now I am contributing to my camera fund - fisheye 2 you will be mine soon, hehe)

Do you pay yourself? If yes, how do you do it? If not, why not?
Share it in the comments! Thanks!