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Automate your savings and investments from "summary" of Start Over, Finish Rich by David Bach
One of the most powerful ways to build wealth over time is to automate your savings and investments. By setting up automatic transfers from your checking account to your savings or investment accounts, you can ensure that you are consistently putting money away for the future without having to think about it. When you automate your savings and investments, you remove the temptation to spend that money on other things. By making saving and investing a priority and setting up automatic transfers, you can take advantage of the power of compounding interest and dollar-cost averaging. Automating your savings and investments also helps you to build a disciplined savings habit. Rather than relying on willpower to save money each month, automatic tran...
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