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
