I Will Teach You to Be Rich by Sethi Ramit

Author:Sethi Ramit
Language: eng
Format: epub
Publisher: Workman Publishing Company
Published: 2009-08-01T16:00:00+00:00

LINK YOUR ACCOUNTS

First, you’ll need to log in to each account and link your accounts together so you can set up automatic transfers from one account to another. When you log in to any of your accounts, you’ll usually find an option called something like “Link Accounts,” “Transfer,” or “Set Up Payments.”

These are all the links you need to make:

If you haven’t already done this, connect your paycheck to your 401(k), so it’s automatically funded each month. (I cover this on page 82.).

Connect your checking account to your savings account.

Connect your checking account to your investment account/Roth IRA. (Do this from your investment account.)

Connect your credit card to any bills you’ve been paying by using your checking account. (If you’ve actually been paying bills by writing checks with a pen, please understand that man has discovered fire and combustible engines and join our modern times.) For example, if you’ve been paying your cable bill by check each month, log in and switch it so that the bill is paid by your credit card instead.

Some bills can’t be paid using a credit card, like rent and loans. For these regular bills, link them to your checking account. (Do this by logging in to the company’s website, and initiating the transfer there.)

Set it up so that all your credit card accounts are paid from your checking account. (This is set up from your credit card’s “Transfer” or “Link Accounts” page.)

Finally, there are payments that simply can’t be automatically drawn from your checking account. For example, if you’re renting from a little old lady,

she may not have a sophisticated financial infrastructure including a website where you can enter your checking account information and automatically transfer money each month. Sigh. Get it together, Mildred. Anyway, you can still automate payment using your checking account’s bill-pay feature, which is free with nearly every account. Example: If you pay rent by writing a check and sticking it in an envelope each month, log in to your checking account and set up automatic bill pay for your rent. Your bank will then write a check for you each month and mail it to your landlord. Just make sure you schedule it so that it has enough time to reach your landlord in the mail.

Download

Copyright Disclaimer:
This site does not store any files on its server. We only index and link to content provided by other sites. Please contact the content providers to delete copyright contents if any and email us, we'll remove relevant links or contents immediately.