Penny · Money & Wealth Mindset
The Automatic Millionaire
by David Bach
Three key ideas
- Pay yourself first, but only an amount that fits your income and obligations.
- Set transfers to match when money arrives and when bills are due.
- Look at small recurring costs in total and choose them on purpose, without dropping every pleasure.
The five 2-minute lessons
- 1.Pay yourself first, within reason
- 2.Automate, but check the calendar
- 3.Notice what repeats
- 4.Time, compounding, and no promises
- 5.Check the system, keep the habit
From the comic
My savings transfer runs right on time. The goal it was for changed months ago.
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