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Start small from "summary" of The Automatic Millionaire by David Bach
The concept of starting small is crucial when it comes to building wealth. It can be overwhelming to think about saving large amounts of money, especially if you are just starting out. By starting small, you are able to gradually ease into the habit of saving and investing. One way to start small is to automate your savings. By setting up automatic transfers from your checking account to your savings or investment accounts, you are making it easier to save without even thinking about it. This way, you are consistently putting money aside without the temptation to spend it. Another way to start small is to increase your savings incrementally. Begin by saving just a small percentage of your income, and the...
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