In this episode Mark discusses a strategy for automating your finances. Using his personal experience, he explains how setting up systems for automatic deposits, payments, and savings can help achieve financial goals and provide for a stress-free financial future.
He delves into the specifics of using a core cash management account and provides a step-by-step automatic cash flow process for both working individuals and retirees. Mark emphasizes the importance of monitoring financial transactions and maintaining a buffer.
If you would like your question answered on the show, please send an email to Mark@MarksMoneyMind.com and put “podcast question” in the subject line.
Episode Links:
Watch this Episode on the YouTube channel
Cash Flow Automation Flowchart - Working
Cash Flow Automation Flowchart - Retired
Fidelity Cash Management Account vs. Schwab Investor Checking
Timestamps:
