Build wealth over time from "summary" of The Automatic Millionaire Workbook by David Bach
The key to achieving financial success is to consistently save and invest your money over time. By setting aside a portion of your income regularly, you can slowly but steadily build wealth for the future. This concept may seem simple, but its power lies in its consistency and long-term approach. One of the main strategies to build wealth over time is to automate your savings and investments. By setting up automatic transfers from your paycheck to your savings or investment accounts, you remove the temptation to spend that money elsewhere. This ensures that you are consistently putting money away for your future, without having to rely on willpower or discipline. Another im...
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