The automatic investment plan is the final key and probably the most important of the areas we discuss. Why? We have shown you how to work out where your money goes as well as confirming you have excess money that can be put to better use (either debt reduction or savings). This section ensures all the previous work, benefits you by having the money invested without you having to physically do it.

Experience has shown that if left to their own devices people in general won't remember to save or will find something else to do with their money. That is why financial institutions take the money out of your account on a regular basis for loan repayments and this is happening more and more for other services such as insurance. The reason is these companies know by past history they have a much better chance of you making those regular payments if they take it out of your account rather than you having to send them the money. 

If they do it and it works, and our government through taxes does it too, why don't you?

An automatic investment plan is a regular transfer of money to an account that preferably can't be accessed by electronic banking. As outlined in money is easier to access, the ability to withdraw money these days provides too many opportunities when we are most vulnerable. By not being able to access this money easily is a barrier that will help you to grow your wealth.

This system will give you what Albert Einstein said is the 8th wonder of the world. Compounding interest!

$100 per month at 8% over 20 years = $58,902 !!!

$100 per month = $25 per week

$25 per week = $5 per day Monday - Friday

How to do it: Work out a figure of at least 10% of your net income, open an investment account or managed fund and have the bank automatically transfer the funds before you can get your hands on them. Soon you won't even miss it!

The key therefore to the automatic investment plan is to apply discipline towards your money.

Do it now, don't delay and regret it later !