Do you know the feeling you get when you just push a button and stuff happens?

You stand back and watch.

Gosh, I love that feeling. It’s the feeling of automation.

The “system” takes over and does what it does best: work.

Today, let’s talk about how to make building wealth easy. I’m talking about using the power of systems to save, invest and get rich automatically.

How to make building wealth automatic

If you’re not using financial automation, then you’re probably spending way-the-hell too much time on your finances.

There are five primary ways to put your finances on auto-pilot.

👉 Use automatic bill pay: Automate bill payments for recurring expenses such as rent, utilities, and cell phone bills. Not only does this make it easy, but it also makes it virtually impossible to miss a payment and incur fees.

👉 Schedule automatic savings: Set up automatic transfers to your savings account each month or each paycheck to ensure you are saving consistently. I used this method a lot when I worked my full-time job.

👉 Use a budgeting app: Budgeting apps can help you track your spending and automate categorization of your expenses. Check out services like Personal Capital, Mint and You Need A Budget.

👉 Use payroll deductions: Use your employer’s payroll system to automatically invest in a 401(k) or Roth IRA every paycheck to make investing easy. Set it up once and never worry about it again.

👉 Use automatic tax filing: Some tax filing software can automatically import your tax forms and file your taxes for you, simplifying the process. I used to live on Turbo Tax until things got a little too complicated for it.

Just remember to always keep a close eye on your finances, and don’t rely solely on technology to manage your money.

For instance, always check your monthly statements (especially your credit card!). Companies make mistakes all the time and you don’t want to pay more just because you didn’t check your monthly statements!

When you automate finances, you eliminate the possibility of human error. This means that you won’t forget to make a payment or transfer funds.

Automating your finances also means that you won’t have to spend time manually making payments, transferring funds, or balancing your checkbook, which is something that my wife and I hate doing.

Like, ultra hardcore hate.

It ensures your bills are paid on-time, every time. And that will help improve your credit and save you money paying late fees.

Chat with you next week!

– Steve