Saving and investing is pretty tough. How does one get started and then keep doing it year after year?
It’s the magic of habits!
In your mid-20s, it’s pretty normal to be obsessed with looking great. Going to the gym, enrolling in group classes, and going on a strict diet are all part of the game plan. The troublesome part is that most of us don’t stick to the routine. That pizza slice or that weekend beer is tough to resist!!
There are some people though, who stick to the regimen and actually become fit. The main reason they are the way they are is because they have the “fitness habit”.14
What if there was a way to automate “the habit”?
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.
Here’s a way to automate the wealth creation habit.
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 though… 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 at the gym and the entire workout, the commuting 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!