Start An Automatic Investment Plan

Investing can be daunting. Its best to start with an automatic investment plan

Time to start your investment plan

It’s not only time to think about starting a financial capability fund, but also about investing for the future. One way to do this is to set up an automatic investment plan. See there I go planning again.

Call your bank, credit union or mutual fund company and arrange an automatic investment plan. With this type of plan, money will be deducted directly from your paycheck or bank account every month. It will be put into an investment account. When I say paycheck, I am not talking about your 401K, I am talking about investment accounts where you can purchase stock options.

To arrange for this, you will need to commit to investing $50 to $100 every month. This money can become the basis of your retirement portfolio.

After you’ve completed this seven-day plan, you will feel much better. You should be able to get back on track financially and most importantly, you will not lapse into your old spendthrift ways.

If seven days was not enough time for you to get your finances in order, don’t fret. It took me more than seven days. If you need a more intricate, slower plan, join me tomorrow when I begin my series Six Months To Financial Fitness.

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