Automate your savings and investments for consistency from "summary" of The Coffeehouse Investor by Bill Schultheis
One of the key principles that I emphasize is the importance of setting up automatic systems for your savings and investments. By automating these processes, you can ensure consistency in your financial planning without having to constantly monitor your accounts or remember to make manual contributions. Automating your savings and investments is all about making your financial planning as simple and effortless as possible. When you have automatic transfers set up to move money from your checking account to your savings or investment accounts on a regular basis, you remove the temptation to spend that money on impulse purchases. Consistency is the key to long-term success when it comes to building wealth and achieving your financial goals. By setting up automatic co...
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