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Automating investments can help grow passive income effortlessly from "summary" of Passive Income, Aggressive Retirement by Rachel Richards
Automating investments is a powerful tool that can significantly boost your passive income without requiring constant effort on your part. By setting up automatic contributions to your investment accounts, you can ensure that your money is consistently working for you, even when you're not actively managing it. This allows you to grow your wealth effortlessly over time, without the need for constant monitoring or adjustment. When you automate your investments, you remove the temptation to try and time the market or make emotional decisions based on short-term fluctuations. Instead, you can stick to a consistent investment strategy and let the power of compound interest work its magic. This approach can help you build a solid foundation for long-term wealth accumulation and financial freedom. Furthermore, automating your in...
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