Dev Raga Personal Finance · 639 how automation leads to wealth
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Set up a recurring transfer from transaction account to investment account each payday to buy a low-cost index fund automatically
$1,500 per month
“Open a separate savings account, name it after your college or your exam, and set up an automatic transfer every payday that roughly matches what you'll need across the year”
“If they did nothing else, but set up another offset account or another bank account, and just transferred $640 a week to that account”
“Once you've chosen that account, you can then transfer money into a stocks and shares ISA and preferably into a low-cost diversified fund”
“Sell the investment, transferred the funds to your bank account, drove to the bank, withdrew the actual cash itself, and then spent the cash with real dollars”
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