Automating Your Finances FTW #161

How to Money

iHeartPodcasts

Investing, Education, Business

4.6 • 3.2K Ratings

🗓️ 29 January 2020

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

We live increasingly busy and complex lives and the same is true of our money. Repeatedly making smart money moves is hard. It’s easy for us to forget or just get plain lazy when it comes to doing the right thing with our funds. Between our different bank accounts, multiple credit cards, and debt obligations, it can be difficult for us to take action on a consistent basis that will have a long-lasting effect on our personal finances. That’s where automation comes in- it helps us to engineer money success ahead of time, instead of trusting ourselves in the moment to continually muster the willpower to make it happen. But like many of the financial tools at our disposal, it’s not all puppies and rainbows. So, in addition to the clear benefits, be sure to listen and learn why you should also be careful when it comes to employing automation in your personal finance life.

During this episode we enjoyed a Dayglow IPA by Elysian Brewing Company - a big thanks to Joe in Minnesota for donating the beers to the show this week! And if you enjoyed this episode, be sure to subscribe and give us a quick review in Apple Podcasts or wherever you get your podcasts. Help us to spread the word to get more people doing smart things with their money!

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Transcript

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0:00.0	The thing that I most nosy about is other people's finances.
0:03.3	I just want to ask people how much money do you make and what have you figured out about money that the rest of us haven't?
0:08.8	I might allow and this is other people's pockets.
0:11.8	The show where I ask people about their money because salary transparency is important and because we can all learn something from other people's financial mistakes and money hacks.
0:20.6	Other people's pockets is a co-production of pushkin industries and little everywhere.
0:24.7	Listen to other people's pockets on the iHeartRadio app Apple Podcasts or wherever you get your podcasts.
0:30.0	Hi, I'm Frances Frye and I'm Ann Morris and we are the hosts of a new TED podcast called Fixable.
0:35.7	We've helped leaders at some of the world's most competitive companies solve all kinds of problems.
0:41.2	On our show we'll pull back the curtain and give you the type of honest, unfiltered advice we usually reserve for top executives.
0:48.3	Give us a call and we'll help you solve the problems you're stuck on.
0:51.3	Listen to Fixable on the iHeartRadio app on Apple Podcasts or wherever you get your podcasts.
1:01.2	Check out the your Financial Maven Podcast where we need to change the way we think about money, our understanding of it and the effects.
1:08.5	I'm Samantha Mittman-Bessnov, CPA and I have spent over 25 years in the accounting field.
1:13.7	The your Financial Maven Podcast will touch on things like saving and budgeting and really anything around money
1:19.6	to help you feel financially empowered.
1:21.9	Listen to the your Financial Maven Podcast on the iHeartRadio app Apple Podcasts or wherever you get your podcasts.
1:30.1	Welcome to How To Money, I'm Joel and I am Matt and today we're discussing automating your finances for the win.
1:43.7	Automation, man that's what we're talking about today.
1:58.1	We're talking about how you can automate your money but there are some downsides to that.
2:02.2	There's obviously some benefits but if you don't do it the right way there can be some downsides.
2:06.2	So we're going to talk about how you can automate your money the right way.
2:09.5	You don't want to automate improperly man that would be a bad movie.
	...

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