Contribute regularly to your retirement accounts from "summary" of The Automatic Millionaire Workbook by David Bach
To become an Automatic Millionaire, you need to make sure you are consistently contributing to your retirement accounts. This means setting up automatic contributions that come out of your paycheck before you even see the money. By doing this, you are paying yourself first and ensuring that you are building your retirement savings without even having to think about it. When you contribute regularly to your retirement accounts, you are taking advantage of compound interest. This means that your money is earning interest on top of interest, allowing your savings to grow exponentially over time. By starting to contribute early and consistently, you are giving yourself the best chance to build a substantial reti...
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