← The Practice of Financial Living
The Practice of Financial Living · Card 1
Financial Habits
Most money moves automatically.The habit does the work.
- Willpower
- Automation
- Spent again every day
- A SIP on salary day
Most of what happens to a person's money happens automatically, before any real decision is made; which means the habit, not the willpower, is doing most of the actual work.
In Practice
An automatic SIP that leaves the account on salary day, before it's ever "available" to spend, builds wealth without a single moment of daily willpower being spent on it.
Generic Example
Keeping fruit on the counter and chips in a locked cupboard changes what gets eaten far more reliably than any amount of willpower at snack time does.
Ask yourself
What does my money do automatically, before I ever make an actual decision about it?
Ties back to Consistency Beats Intensity