123. Automate your Finances!

CFO at Home

English - May 03, 2023 07:30 - 46 minutes - 46.2 MB
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Previous Episode: 122. Financial Freedom for Service Industry Professionals

Next Episode: 124. Your Encore Career

Even while he worked as a professional in the Financial Services industry, Andy Hoffman struggled to make conventional budgeting work at home. This struggle led him to create a system that is centered around automation, not budgeting, to manage his personal finances, and from there develop a course that teaches others to do the same. On this episode of CFO at Home, Andy and Vince discuss some of the principles of his course, and implementing a system of automation for managing your money.

Key Topics

Expanding the use of automation in our finances (2:22)

The importance of being cash flow positive in order to automate (6:30)

Managing your finances through automation (11:32)

The positive impact of automation on our money behavior (21:30)

The advantages of using multiple bank accounts to manage your money (26:28)

The importance of consistency (Dollars over Dogma) (30:37)

Money Mistakes (35:09)

Andy’s free resource (36:55)

Automating with a Variable Income (37:24)

Resources

https://www.andyhoffman.me/