AUTOMATE YOUR PATH TO WEALTH

The rapid decline in pensions, social security and medical benefits along with increasing food and energy costs highlight the importance of automating your wealth and retirement savings.  According to US Census data estimates, 15% of all American households or nearly 41 million people have a negative or zero net worth.  And those who made it onto the positive cash flow list are not fairing much better as approximately 35% of all households have a net worth of less than $50,000, including their home.

Back in the early 1940s, the US government developed a new system that would guarantee plenty of money long into the future.  This system did away with the old standard of requesting and gathering taxes at the end of each year, and rarely required collections of unpaid funds.  This new system was so flawless and perfect that it was adopted by several governments around the world and continues to be used today.  What is it?  The government learned how to ensure that it would always get paid first by automatically deducting taxes directly out of your paycheck, before you have access to the money.  The government understood that long-term stability depended on consistent income and so they built an automated system that guaranteed financial security.

Most working Americans should learn from this example, as the most important thing you can do for your retirement and your family is to guarantee long-term financial security.  According to a study of 2 million employees at 72 large US companies, Hewitt found that 19% or less than 1 in 5 will be able to meet their current estimated needs in retirement, and Caregiving in the United States, released by the National Alliance for Caregiving and AARP in 2004, revealed that over 44 million Americans, or an estimated 21% of all U.S. households, provide care for an adult family member.

Automating your cash flow not only guarantees long-term financial success but also simplifies your life with features including remote tracking and management tools, statements and receipts for easy tax preparation and storage (usually on a CD), payment dispute verification, identity and fraud protection and much more.  You can also automate utility, cell phone and insurance payments, setting specific payment guidelines that will notify you of abnormally large statements.

One of the most important concepts of automation includes paying yourself first by automatically depositing money into your savings and/or retirement accounts each month.  This simple concept can be adjusted to meet your specific cash flow needs and can start with as little as $5.00 per month.  The amount you chose to start with is not nearly as important as automating the process.  Take it from the government; there is not a better way to guarantee long-term financial security than automating your success.

Author
Chad Sunyich