Fiology Lesson that encourages automating finances and daily routine.

LESSON 16 : AUTOMATIC FINANCIAL INDEPENDENCE

Once we automate our finances, and our investing specifically, we can focus on other important aspects of our lives with the assurance that we are well on our way to Financial Independence. Our stress levels may decrease while our account balances increase with regular contributions coupled with the power of compound interest. This lesson not only describes why automation is important, but gives specific guidance on how we can incorporate automation into our FI plan and other aspects of our lives.

Read:  Your Automatic Investment Plan  by David Weliver of www.moneyunder30.com

Read:  Automation and Organization: A Recipe for Success  by Cody of flytofi.com. This blog post describes how we can use automating in many aspects of our life, including finances.

Watch:  MMS009: Tips for Automating Your Finances  by Kyle Prevost of moneymastermindshow.com

Listen:  Episode 017: Automating Your Finances  by Chris Browning of popcornfinance.com

Read:  Should You Automate Your Finances?  by Liz of lessdebtmorewine.com

Take Action: Based on the resources provided in this lesson, determine what steps you can take today to set up automated payments and/or transfers to reduce the number of routine financial decisions/actions you make. Then, over time, become more assertive and invest a higher percentage of your income.

Additional Resources:

Watch:  David Bach’s 7 Places Your Money Needs To Go Automatically  by David Bach of davidbach.com on YouTube

Quote: “The investor’s chief problem and even his worst enemy is likely to be himself.” – Benjamin Graham

2 thoughts on “LESSON 16 : AUTOMATIC FINANCIAL INDEPENDENCE

Leave a Comment

Disclaimer

Fiology.com uses content created by other sites to convey information. Fiology.com does not receive financial compensation from any referred site. Other sites are used to provide unique content on a particular topic of interest. The use of these sites does not indicate an endorsement of any products or resources they may promote. The owner of this site is not an accountant, financial advisor, CFP, or fiduciary and is not liable for any losses incurred from the use of the free information provided on this site or from the use of information found on linked sites. Please understand that while the information found on this site is intended to be useful, each individual person has unique circumstances that should be considered when developing and executing their personal financial plan. Each individual is ultimately responsible for managing their own finances. Please read the privacy policy for additional details.