Automate Your Investments: Key To Building Wealth

If you invest first and then spend your money on expenses, you will do better.

Now if you want to invest first regularly, you need a system. 

It should be automatic. 

It should not depend on you to act every month.

An auto-debit to an investment or savings account works well. 

Manual investing after expenses doesn’t work consistently.

Wealth grows over time when you invest a fixed amount each month.



Popular posts from this blog

A Make Sure List For Every Meeting To Stay On Track

Image
Some projects last for a long period of time and lots of meetings are conducted to get the project done.  During those meetings lots of things are discussed.  Lots of decisions are being made and responsibilities being assigned.  At the same time not everything that was important gets accomplished.  It is because other priorities took over and that one thing which was important never got done.  And nobody bothered to revisit it. I think these things should be addressed before a meeting is even scheduled and agenda being formed.  This is a checklist of things that need to be done for past, present and future meetings.   This will make sure that we are in the control of the project.  I see past, present and future meetings’ to-do lists as color coded items.  It helps me in realizing the importance of each of them.  Please make sure about the following things for every meeting we schedule. Previous meetings ( Green ) Run through a ch...
Find More Ideas

Preparing for Toledo Glass City Half Marathon

Image
New Year resolutions are tough but absolutely worth it.  Although this has been on many resolutions but now I have started taking care of my health since second week of January of 2012. It was not like I was not taking care of my health before but now I have a goal to reach. Earlier my goals didn’t materialize; this time I have something which I am shooting towards. Early in January I made a goal to run Toledo glass city half marathon which is going to be held on April 22nd 2012.  I didn’t knew how much was a half marathon but after searching on the internet I found out that it would take good 10 weeks to get trained for it.  Eventually I realized that it was 13 miles run.  So I made a goal and started running.  Every day since then I made a point to wake up early in the morning and go to gym.  Even if I was late I made a point to go to the gym.  No matter whatever happened. Initially I was not able to even run 5mins @ 3.5 mph.  I felt patheti...
Find More Ideas

Key Networking Feature: Sharing

Networking is about creating best friends forever who will advocate for you .  Let’s revisit some aspects of your friendship and see why that works great for both.   Let’s assume you have a fictitious best friend named Chris.  Now you receive a gold medal in 400 meters running race and call Chris immediately “ to share your happiest moment ”.  You just shared a part of your life and made Chris a part of your life.  Chris now feels important.  You are not feeling well and you need help and you call Chris.  Chris shows up and helps you out.  In return you always stand by him whenever he needs you.  You are always connected with Chris through email, phone, and home address and hang out together.  Whenever you are happy, sad, enlightened, or whatever you feel like sharing with Chris.  Now hold that thought for a second and ask this question to yourself, have you ever felt this way with some of your professional friends?...
Find More Ideas