Automation
Risk & psychologyRemoving recurring decisions by scheduling them in advance.
In plain terms
An auto-debit SIP survives the frightening months you would otherwise have skipped.
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Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Accountability
Risk & psychologySomething external that notices when you deviate from your plan.
In plain terms
Individuals have none of the structure professionals take for granted. Automation is the strongest substitute.
Discipline
Risk & psychologyFollowing written rules when you would rather not.
In plain terms
Finite, and it gets tested monthly. Automation beats it because it removes the decision entirely.