Make Money Your Slave; 3 Major Benefits of Automation

Written By Brandon Anderson

Writer of thewealthytortoise.wordpress.com

So we’ve all heard how automating your finances makes your life easier. That is clear.

However, here are three benefits of automation that maybe you haven’t thought of.

But First, let’s take a look at what automation is… 

By Definition, automation is: a mechanical device, operated electronically, that functions automatically, without continuous input from an operator.

When a person sets up their savings, their monthly bills, credit card payments, insurances..etc on automation, they are saving themselves precious time and stress by outsourcing those tasks to a computer.

By not having to remember to do these tedious tasks, the average person will see an immense amount of stress lift off of them. One less thing to worry about right?

Here are 3 less obvious Major Benefits to automating your finances:

1.) You get the Maximum ROI

If you spend 3 hours per week to place your money into accounts that earn 5% interest, your Opportunity Cost is 3/5 = .6… This means that for every hour you spend on your money managing, you are spending time that could be used elsewhere, maybe to find new investments, or quality time with family, which is priceless.

By setting up these automatic investing systems, you are taking your own risk out of the equation (more on that later) and are earning higher returns on your opportunity cost. PLUS, you are doing LESS WORK! That’s where its at!

Benefit Number 2: The Old Lever and the Fulcrum Story

Archimedes said: “Give me a lever long enough and a fulcrum on which to place it, and I shall move the World”.

I am sure you have heard this before, we all have. Many people get many (too many) different takes from this. My interpretation here is: automation is your lever. By using automation, you are freeing up time and stress from your everyday life, and those are things we can never take back. Can you say Priceless?

Awesome Benefit Number 3: Knowing Yourself, The Most Important Part

We all know our money habits. For some, money burns a hole in our pockets (with today’s marketing, how could it not) and for some we are as cheap as can be. BOTH of these kinds of people Love automation.

For those of you who can’t seem to hold onto a dollar for an entire day without plans to spend it, here’s why you’ll love it:

YOU CAN HIDE MONEY FROM YOURSELF.

The most important piece in overcoming a problem is admitting there is one. I am proud of you if you can admit this. It’s too easy to spend money!

By setting up an automatic system to your finances, you are putting money where you know it needs to be, without having to filter through the risk (you). And then, with any money you have left over, that is guilt-free money, spend that however you like, because you know, your money is already saved/invested… whatever!

Now here’s for you cheap folks.

Many of you will say ‘I don’t need automation, I’m perfect, I’m so smart with money…blah blah blah”.

Still, you need automation and here’s why:

For many cheap people (myself at times), you feel like you should save EVERY DAMN DOLLAR, and you don’t live life because you think a penny saved is a dollar earned. Well, you can be just as bad (maybe worse) than the people who can’t save a dollar because “YOLO”.

Savings accounts, investments, and bills are all taken care of if you automate. The money you have left over is yours to spend, any way you please without having the guilt of blowing it. Just get out and live life dammit!

In conclusion, just automate your money. My Three little-known Benefits are:

You can Maximize your ROI

The Old Lever and the Fulcrum Story

and We all have our money ‘problems’ so, know yourself.

If this article hasn’t convinced you to go out and set up these systems with your bank account, I don’t know what will. It’s so easy, and will pay you back your most valuable asset: Time.

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