Skip to main content

When It Comes to Your Finances, Everything Should Be Automatic

I would like to share with you the knowledge I got from David Bach's book entitled "The Automatic Millionaire". I learned that in order for us to be rich and have millions in our retirement years, the only thing we should do is to make our cash flow automatic. What I mean by this is before you get your salary from your bank account, it should automatically transfer a certain amount that you set once into your other account that is made for that purpose. In that way, you will never get a chance to withdraw or feel guilt to spend all your money because you've already saved money in the first place. That principle is called "Pay Yourself First". It's not just about saving money, but it can be used to automate your investing and paying monthly bills as well. Actually, while reading the said book, my body acted on its own and did what the book told me. I started setting things up once and let the system do their tasks. For example, my employer always pays me a monthly salary for the work I do in my ATM account. What I did to make everything automatic is to go to the bank's website and setup the automatic saving twice a month and transferring the accumulated amount to my investing fund in stocks. That will surely save me lots of time. I don't need to do it manually because I value my time. Also, automating the paying of bills will never require me anymore to fall in line in the bank just to settle my obligations.

Everything can be done through the internet as long as you have a computer at home and have a very fast internet connection. The only thing you must ensure if you decided to do this is to have enough funds or cash in your ATM. Why? So that it would not break the flow of your setup system. That's it!

But let me warn you that it's not about how much you make, but it's how much you save; and it's not about how much you earn, but it's how much you spend that matters. Watch out for your small spending every day because if you added them up, you'll be surprised on the huge amount. It is called latte factor according to the book. If you want to know more about that, you can order it from amazon. Get your copy and I'm sure you will thank me for introducing that wonderful book to you.

Again, before I end this post, I would like to repeat this to you: If you want to be rich, make your finances automatic.

I hope you like it. Feel free to leave your message in the comment section below.

Lastly, if you want to receive more tips and advice on making money at home, please consider subscribing to Learn to Earn Money Online, thank you.


Popular posts from this blog

Avoid Sticking To Unproductive People

Actually, this stuff I am about to share can be good or bad. It depends on where you get influence from. If the influence can help you achieve your goals, then that is good and vice versa if it can only lead you to misfortune. Anyway, I would like to put here the paragraph I read somewhere. I hope it makes sense to you. Avoid sticking to people who have hobbies of collecting stuff which are too much expensive. In the end, you'll be like them through the influence or the process.

Earn Real Money From Your Blog

If you want to make money from your blog, be serious about it and treat it as a real business. What I mean about that is don't depend on free stuff only and operate without spending a dime. Purchase a domain name either from these two well-known and trusted domain registrar: or . Consider also the storage or placeholder of your web pages or blog by buying web hosting. It is where you have a complete control over your website or blog including the design and code-behind.

Did You Start Your 52-Week Money Challenge?

Early of this year (January 2017) , I stumbled upon this weird challenge, the 52-week money challenge . The first time I got introduced to it, I became confused because I couldn't understand how it worked. Anyway, the idea of saving money from your salary or business weekly is a good idea but the challenge is you will add the original amount of money to the previous week's money every week.