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Automate your savings from "summary" of The Automatic Millionaire by David Bach
When it comes to building wealth, one of the most powerful strategies you can implement is to set up automatic savings. This means that you designate a certain percentage of your income to be automatically transferred into your savings account each month, before you have a chance to spend it on other things. By doing this, you take the decision-making out of the equation and ensure that you are consistently putting money aside for your future. Automation is the key to success when it comes to saving money. It eliminates the need for willpower and discipline, and makes it easy for you to prioritize saving without even thinking about it. When you set up automatic savings, you are essentially paying yourself first, before you pay any of your other bills or expenses. This simple shift in mindset can have a profound impac...
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