A lot of us find saving and investing pretty tough. How does one get started and then keep doing it year after year?
In your mid-20s, it’s pretty normal to be obsessed with looking great. You go to the gym, you enroll in group classes, and you go on a strict diet. The troublesome part is that most of us don’t stick to the regimen. We can’t let go of that pizza slice or that weekend beer. It’s tough!
There are some people though, who stick to the regimen and actually become fit. One of the main reasons they are the way they areis because they have the “fitness habit”.
What if you could automate this habit creation. What if you didn’t have to motivate yourself? It would be a lot simpler then, wouldn’t it?
Well, so far automating the fitness habit isn’t possible but becoming wealthy is.
It’s called an SIP, short for Systematic Investment Plan. This approach allows you to take savings, big or small, and grow them in a way that it leads to you becoming wealthy. It needs only one thing. Money in the bank on the day of the auto-debit. Everything else is automated.
Money keeps getting invested every month, in the mutual fund of your choice and for as many years as you would like, and before you know it, the habit of investing get automated.
You just need to do your job and get your salary. It’s like you just have to book an hour and the entire workout, commuting to the gym and the diet is done for you without you realizing it. Now there’s a thought!
This approach pretty much makes you a disciplined saver and investor by default. If only fitness was this simple!