The following statement jsut needs a reply to My thoughts on the AIP is that it
ID: 2701037 • Letter: T
Question
The following statement jsut needs a reply to
My thoughts on the AIP is that it is true and a great outline to follow and live up to. I like the automatic investment plan and agree with it because it can change somebody's life in a major way. I think to most people the AIP doesn't make sense for them in their opinion because they do believe their problems can be solved by adding more income. I am a savings person, but there times that I thought I needed more money, but truth be told my past fews I have taken pay cut after pay cut but found I was more sucessful because I learned how to save more. The AIP makes sense to me because no matter how much you make if you can't save money then you will just spend what you have leaving you with financial discomfort. I plan to follow the principles because I don't just live for now but for the future also. I have a wife and two kids I have to provide for so it is critical for me to save money
Explanation / Answer
Yes, I agree with. You have made a good decision. Using an automatic investment plan can be very beneficial to investors because it automates the process of investing and saving. They will not have to make a conscious decision to set aside money which can prevent people from wasting expendable income. With this particular tool, many individuals will treat their automatic investment payment as if it were any other bill that had to be paid. Without an automatic investment plan, it is up to the discretion of the individual to set aside a certain amount of money for investing. In most cases, the individual never get around to allocating the money to investments and use it for something else. With an automatic investment plan, you can generally save more money because you do not have to plan for anything.