[tvararu]

> Receive salary > pay bills, buy food etc. > all the rest, transfer to a investment account

One thing that has worked for me is to “pay myself first.” [0]

If £4000 comes in and your monthly outgoings are around £2000, invest the remaining £2000 immediately. The main benefit this gets me is that it forces me to budget better and come up with other streams of income (usually eBaying stuff) in case I come up short.

[0] https://www.investopedia.com/terms/p/payyourselffirst.asp

[greyhair]

I didn't really learn "pat yourself first" until I was thirty. That set me back a few years, which took time to recover.

When I mentor young people right out of college, the first thing I explain to them is that very principle.

Take advantage of the 401K. Have a brokerage account that you automatically deposit into every month. Money that never passes through your checking account, is money you are likely to keep.