Financial Freedom: Automate!

One of the biggest reasons why people don’t build wealth is that they don’t follow through on their decisions. It is good to dream and to talk to your loved ones about your plans and aspirations, but if you don’t put your plans into action, you will not achieve your goals. 

“Hard work brings profit, but mere talk leads to poverty.” (Proverbs 10:23)               

They say that the road to hell is paved with good intentions.

You can’t just talk about your goals. You need action. 

It is vital that you set up a structure to help you to follow through on your plans. If you, like most people, battle to stick to your plans of saving and growing your investment portfolio, then you need to consider automating the process.

“The wise man saves for the future, but the foolish man spends whatever he gets.” (Proverbs 21:20)

If you want to build up a wealth portfolio, you need to make a decision on how much you are going to invest. You also need to decide on what the best type of investment is, what funds you are going to invest in, and which investment company you will make use of. I suggest that you get some advice on what your best plan of action is.

But once you have made your decision, you need to get started. 

I suggest that you set up a regular payment plan, a debit order, that can come off your account on a fixed date every month, preferably a day after income is paid into your bank account.

This will ensure that you invest your money before you are tempted to spend it. By setting up a fixed payment deduction, you will make it easy to stick to your plan.

Can you set up a debit order? 

Can you make it easy to follow through on your plan?

Automate it.

This will help you to take action.