120: How To Automate Your Finances

Send us Fan MailI promised a follow up episode to describe the process of automating your finances as automation is central to a good paycheck routine. Automation takes away the guesswork out of managing your finances. That means no fees, and no mistaken balling out, and you get to pay yourself first via saving and investing. In this episode, I share the key steps to automating your finances including:Mapping out on paper where your money will goMapping out how much will go into each bucket every monthSet up the first level with your employerThen set up the rest of the savings and investing automation by linking your accounts and setting up the automated paymentsSet up automating your fixed paymentsDo You Have to automate everything? I'd say about 80% automated and 20% manual. Thank you for the gift of your time and attention. Thank you for listening to this episode of the Rich Immigrant podcast, please give the podcast a 5 star review on Apple Podcasts, subscribe, and share this episode with someone in your world that needs  to hear these conversations.  Please join our community online at www.therichimmigrant.com or on  Instagram at 'Therichimmigrant.'