Automating savings makes it easier to accumulate wealth from "summary" of Smart Women Finish Rich by David Bach
One of the most powerful strategies for building wealth is to automate your savings. By setting up automatic transfers from your checking account to your savings or investment accounts, you remove the need to rely on willpower to save money. This approach makes saving a habit rather than a conscious decision, which can significantly increase your ability to accumulate wealth over time.
Automating your savings eliminates the temptation to spend money that you might otherwise save. When you don't see the money in your checking account, you're less likely to spend it on unnecessary purchases. This simple yet effective technique helps you prioritize saving and investing for your future over i...
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