The Rich Immigrant

120: How To Automate Your Finances


Listen Later

Send us a text

I 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:

  1. Mapping out on paper where your money will go
  2. Mapping out how much will go into each bucket every month
  3. Set up the first level with your employer
  4. Then set up the rest of the savings and investing automation by linking your accounts and setting up the automated payments
  5. Set up automating your fixed payments
  6. Do 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.'

...more
View all episodesView all episodes
Download on the App Store

The Rich ImmigrantBy Dee Olateru

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

53 ratings


More shows like The Rich Immigrant

View all
I Said What I Said by The Carousel Network

I Said What I Said

903 Listeners

The Diary Of A CEO with Steven Bartlett by DOAC

The Diary Of A CEO with Steven Bartlett

8,900 Listeners

Toke Moments by Eggcorn Digital

Toke Moments

48 Listeners

Totally On Brand by Totally On Brand Podcast

Totally On Brand

3 Listeners