How can 'direct deposit' help me build wealth?

How can 'direct deposit' help me build wealth?

Direct deposit is great because it's easy. It's effortless; you don't have to do anything, once you set it up, you're done. That's the beauty with this. Anything that requires a lot of effort, a lot of time, a lot of research, has a tendency to make you be really excited about it initially, but then after a while, you stop doing it. With direct deposit, you go back to your HR person and say, “I have these six different investment accounts. Can you please go ahead and put $50 in this account every month, and $25, I'd like you to direct deposit that in this other account.” Just go through all your accounts, tell them where you want your money divided, and boom, you're done.