Automate your savings and investments from "summary" of MONEY Master the Game by Tony Robbins
The key to building wealth is to make saving and investing as effortless as possible. One of the most powerful ways to do this is to automate your savings and investments. By setting up automatic transfers from your checking account to your savings or investment accounts, you remove the temptation to spend that money instead.
When you automate your savings and investments, you are essentially paying yourself first. This means that before any other bills or expenses are paid, a portion of your income is set aside for your future financial goals. By making saving and investing a priority, you are more likely to reach your financial objectives over time.
Automating your savings and investments also helps you take advantage of the power of compound interest. By consistently saving and investing over the long term, your mo...
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