How to Automate Your Money - The Set it and Forget it System
The Personal Finance Podcast
Andrew Giancola
4.7 • 1.4K Ratings
🗓️ 27 May 2020
⏱️ 19 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | On this episode of the Personal Finance Podcast, |
| 0:02.8 | we're going to talk about how you can automate your finances |
| 0:05.8 | and how you can treat yourself at the same time. What is up everybody and welcome to the personal finance podcast? I'm your host |
| 0:28.7 | Andrew founder of Dollar After Dollar.com and today we're going to be talking about how to automate your finances. |
| 0:37.0 | And conventional wisdom will say that motivation is the key to changing our habits. |
| 0:41.0 | Maybe if you wanted it badly enough, you would make sure it gets done. But honestly, let's get real. |
| 0:47.0 | Because what we really want is the path of least resistance. We want to take the easier route and many productivity gurus will tell you that this is a dumb strategy |
| 0:57.3 | But what they fail to recognize is that it's actually a really smart strategy why Why? Because your energy and my energy is finite and it's |
| 1:06.3 | precious. We only have so much energy. And it's in our nature to conserve as much of our |
| 1:11.8 | energy as we possibly can. |
| 1:14.0 | This is the key to understanding, and this is why we all gravitate towards the path of least effort. |
| 1:20.1 | So if you're deciding between two options, and one of those options reaps the same result but is much easier, |
| 1:26.2 | which do you think you're going to choose? You're always going to choose the easier option. |
| 1:31.1 | We want to find the option that brings us the highest return with the least amount of effort |
| 1:36.0 | and every person on this planet is motivated to do what is easy. |
| 1:40.0 | In other words, we want it easy like Sunday morning. |
| 1:44.0 | The same goes with our money. Every action requires effort. |
| 1:48.0 | The higher the efforts you have to put out, the lower the chances are you will actually take action and each effort |
| 1:54.2 | use on something that does not produce value creates an additional obstacle in |
| 1:58.3 | your life. You're obviously capable of doing a hard things but the problem lies |
| 2:01.9 | when your willpower becomes fatigued and it wears down. |
| 2:06.0 | See you have to have a set plan in place. |
... |
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