A short YouTube monologue by Ndubuisi 'Andy' Egwim urging passive investors to automate their savings via direct debit. He recommends a monthly automated savings scheme (AMASS) so saving happens automatically without active decision-making.
Activated Monthly Automated Savings Scheme
So why won't you pay yourself automatically by direct debit? And if you are not a value investor, if you are not making investment decisions by investment, if you are just a passive investor buying stocks and shares through index fund and all that, there's no reason for you to do it manually. You want to automate it. You've got a lot to think about. You've got your career, you've got your family, you've got rent. So why won't you pay yourself automatically by direct debit? Now, the the word you spelled amass is activated monthly automated savings scheme. So that is how to save money. You automate everything. It happens monthly. You don't have to think about it.
