May 21, 2013 Admin | May 21, 2013 Placing your savings/investments on automatic pilot is a very wise move. Why?
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Placing your savings/investments on automatic pilot is a very wise move, because then you won’t forget to save/invest 20% of your gross income every month. It is important to pay yourself first and placing your savings/investments on automatic pilot will help you do just that.
Another fine answer, Katherine. Let’s recap. Prioritize your savings by placing them on automatic pilot as you pay yourself at the beginning of each month, not the end. Simply have the money taken out of your paycheck or bank immediately upon receiving it. 20% of your gross income is a number that will provide you financial freedom one day if you eliminate your debt and control your emotions (do not try to time the markets or listen to the pundits who promise they can). Savings = Freedom! Never forget that. Strive to be FREE!!!!!!!!!!!
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