May 3, 2023

123. Automate your Finances!

123. Automate your Finances!

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...

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  

Ways to connect/follow

Contact the Host - vince@thecfoathome.com