Automate It: The Smartest Money Move You Can Make

One of the smartest things you can do with your money is to make your saving and investing fully automatic. Instead of relying on willpower every month, set up fixed recurring transfers into your savings and investment accounts, so the money moves automatically from your current account into long‑term savings and investments. Once the automation is working for you, you stop “fighting” for every dollar and turn building your financial future into the default, not a one‑time effort.

Compound interest. Compound interest is the power that allows your money to grow faster by generating earnings on the profits themselves. When you make small automatic monthly deposits into savings or investment products, you establish a process in which the amount growing year after year adds to the next deposits. Over time, this effect intensifies, and over several years, even small monthly deposits can accumulate to thousands and sometimes tens of thousands of dollars, far exceeding the total amount you actually deposited.

How Small Auto-Deposits Turn Into Serious Wealth

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