How I Automate My Finances

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Information How I Automate My Finances

Title	:	How I Automate My Finances
Lasting	:	11.39
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Views	:	309 rb

🧐 Watch a full-length (47 minutes) companion video to this on on Nebula, where I go through my entire budgeting/financial planning process and custom spreadsheet template: curiositystreamcom/thomas br br📱Here's my budgeting spreadsheet template: thomasjfrankcom/free-budgeting-spreadsheet-template/ br br🖊 Quote of the week: “It is not hard to make money in the market What is hard to avoid is the alluring temptation to throw your money away on short, get-rich-quick speculative binges It is an obvious lesson, but one frequently ignored” - Burton G Malkiel, "A Random Walk Down Wall Street" 👈yet another great reason to automate your finances
Comment from : Thomas Frank

You should include YNAB in your discussion… especially for 1-month buffer
Comment from : Dax Mickelson

Quicken - I started using Quicken in the 80's I have every transaction, every stock buy and sale, all 401k investments, all pay checks with break down from tax categories, medial, insurance, all tied into the planning session to do crazy WHAT IF SCENARIOS for retirement, savings for kids college, etc, etc All tied to my bank accounts and monthly reconcilations - transactions download and I schedule bill payment from within Quicken
Comment from : Neil Greene

great first take, you have about 1/3 of it automated right there is still a lot more you can do
Comment from : Trevor Muhlestein

Thumbs up just because you put a Civ reference in a finance video
Comment from : Rick Gaston

What app do you use that does all this?
Comment from : ErrorOptik

A waste of time If you make less than 100k, focus on making more If you make more, hire an accountant
Comment from : Geoff Langenderfer

Do you have the flowchart somewhere? Checked the article and didn't see it either
Comment from : WolfPack30156

Great video I'm 65 years old and have been following this basic plan for my entire life Back in the day I wrote out the checks and dropped them in the mail Setting up an automatic payment for your monthly expenses not only makes sure you pay on time but also gives you a clear insight into what you are spending if you are not doing a budget This approach has saved me many times when life interfered with paying attention to my bills And believe me, life will get in the way, and automation takes one more worry off the table If you set it up to pay a little more than your typical utility bill, if you don't have time to review at least the bill is paid And guess what, the next month the overpayment is deducted from your bill
Comment from : MJ Stormes

Great video I'm a tech guy so I was hoping the "automate" part was going to be more than just "set up automatic payments / transfers" But still great advice overall!
Comment from : Elliot Weishaar

Is this teck tree you showed in the video available anywhere?
Comment from : alexandar varchev

For all the late teens/early 20 year olds: Credit cards are A DANGEROUS THING! What Thomas says is 100 true You should treat it like a debit card Credit card companies will be reaching out and offering you larger and larger credit lines DONT USE THEM UNLESS IT IS AN EMERGENCY! You can wait to save up for the new xbox I know this goes without saying, but take it from someone who is now paying back for all their mistakes they made in their early 20's because I wanted to live outside of means
Comment from : Zack W

Basically use direct debits to automatically pay bills you can't avoid and standing orders to ringfence money into savings or investments to prevent you from spending it mindlessly It's been a mainstay of banking for decades, and can be done without even having internet banking
Comment from : Ian Grant

Runs an ad about an ad free platform K
Comment from : Cake Cake

One thing i started doing for peace of mind really was making my auto investments happen on a pay day Having to pay rent and utility bills in the first week AND see my investment money leave the account for my bank account down to some low balances and having the floating room for a paycheck so that my balance quite literally stays close to the same is super satisfying
Comment from : AoT-Cobalt

The Civ comparison is hilarious and brilliant!
Comment from : Keith Ellis

Was gonna watch the video because I'm looking for information on how to square away my finances, and as soon as I heard the word "investment" (red flag) I left
Comment from : Jeremy Metcalf

I appreciate your Bear inclusion
Comment from : Chloe Preparatory

Another tip (that I sadly figured out about 20 years into adulthood) is to call your credit card companies and get them all on the same pay date All of my CCs are due on the 15th It makes it easy for me to remember when it’s due
Comment from : John Clark

I didn't know it was possible to turn 100 poopy diapers into $ 50000
Comment from : fliteshare

I watched the entire video and you did not show us "HOW I AUTOMATE MY FINANCES"
Comment from : hasKINGsan

I wasn’t financial free until my 30’s and I’m still in my 30’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made Great video! Thanks for sharing! Very inspiring! I love this
Comment from : Chris eearls

Dude You've mastered the computer
Comment from : MUTT Basketball

we actually already have this integrated in our banks native app in Norway Nice video! :D
Comment from : Filip Waal

Any alternatives for Vanguard for europe?
Comment from : Dimitris Chronopoulos

This seems very similar to Dave Ramsey's Financial Peace University Thats what I am using Otherwise very good video
Comment from : nixbys

Very interesting topic, thanks!
Comment from : Robert

The problem with this is a lot of people don't learn how to track their finances brbrI think a large reason people are so sold on raising minimum wage is they don't see the decrease in their pay and the rise in cost of livingbrIf you are making $20 an hour and minimum wage goes up $1 so you get a $007 raise and the cost of living goes up by $1 an hour, you are effectively making -$2 an hour compared to what you were beforebrThis is one of the biggest reasons the middle class is shrinking down to the poverty line every time minimum wage goes up we end up making less money
Comment from : toorimakun

Love the idea of the tech map I want to do that for so many things now
Comment from : Peter Simon

Dude wtf? I've been working since I'm 7 years old and I'm not even close to having that kind of money Are you robbing banks?
Comment from : Jimmy Droid

the tech tree concept is a stellar idea to gamify personal finance
Comment from : Ethan Cloin

long video to say you turn on auto-pay
Comment from : Austin M

Very insighful, thank you so much for your help 🙏🏻
Comment from : Killian Merdrignac

I remember a time where banking was done in person, with cash Imagine every week taking money out of an account and transferring it to another account either in the same or another bank That is a long time queing Been there done that Whilst I miss using cash, I do find it more convenient to automate
Comment from : G M

One thing that I did that helped immensely (which I learned from another finance YouTube video), is call and have the due date for my cell phone bill, my utilities, and all my credit cards moved to the 1st of the month So you only have to check and track money going out of your account on one day It makes managing your bill payments sooo much easier
Comment from : Richard Ujadughele

HOW I automated my finances: ad, I made 300k, important but irrelevant math, ad, credit cards…, quick clips of flowchart, ad, plug, good luck
Comment from : joshua vabro

Lots a good advice, but one caveat is needed A healthy 44 year old friend suddenly fell into a coma and died two weeks later He had everything set up on his password protected laptop- automatic payments, online statements, and billing But no one knew his password to stop subscriptions, cell phone, or access his accounts to his final bills
Comment from : Gary Mootz

Last part is very true I would definitely still monitor my autopay bills or have it setup to send me notifications when a bill is paid Worked in telco and i've seen several people randomly get bills that are 100x their usual bills due to billing errors I've also had a similar bill from my power company that I've disputed and got back $300 After you reach a certain amount in savings these amounts can fly under the radar
Comment from : iben dover

This was amazing, like all TF videos Slightly insensitive to the sentient bear community, tho just sayin
Comment from : R G

7mins in I realized I just wasted 7mins of my life… Set your credit cards on autopay, I already do that got it 👋
Comment from : Nico Dangond

Its been almost a year now that i didn't see new video I hope you are doing well brother
Comment from : Ghassan Alshareef

is that tree available for download?
Comment from : stfudante

Thanks for a clear, considerate videobrbrDoing a regular review of what youve automated really is key, as it keeps a connection with your finances and helps us not to be scared of managing money 👍🏾
Comment from : Avoiding Broke

Technologies are changing quickly, new jobs are being created all the time and schools just struggle to keep up in 2023 everyone should learn personal finance and teach our kids!
Comment from : Anastasias Sharings

I feel like you and I would get along great in real life! This is how I run my stuff as well, great job
Comment from : Jesse Miles

Who needs a version 20 of this one! 🙌
Comment from : Rahul Yadav

Subscribed just by reading the comments!!
Comment from : WhiteyXD PlayLit

This video is so crazy watered down
Comment from : zachary sherry

This personal finance tech tree is an amazing idea!
Comment from : Bradford Richards

Scrolled through my watch history 2 months ago to find this
Comment from : SourceNyko

I can’t seem to find that walk through video anywhere has it been taken down?
Comment from : Marcum Email

thanksss
Comment from : Hanan anf

Hi Thomas! Do you use Excel for personal finance instead of Notion? I’m checking your free file!
Comment from : Ismael Silva

Do you have a video on how to invest for beginners?
Comment from : Mae Mae

If you automate bills You won't get best offers on the payment sites
Comment from : Lakshmi Tejas

What is your tech tree app your using? Looks awesome! And thanks for this budget info
Comment from : las vegas life

In my humble opinion, the most important step in personal finance is to read the book "Millionaire Next Door" It's a real eye opener
Comment from : brainstormer

Hey Thomas, awesome video! I was wondering, what is the software you use to do voiceover when sharing your screen? I am helping people make courses and this looks like a valuable tool if you're able to do it live!
Comment from : Kolbi & Hunter Grayson

This is the first I've seen of you and I must say you'll be getting my views I'm always in my books and I'm always looking for bigger/better/different ways to expand my techniques
Comment from : UH7

I really like that Tech Tree I will point out that if I compare it to recommendations from Bobblehead or Dave Ramsey, it probably needs more information on being insured A high deductible plan is certainly not for everyone, but since an HSA is triple tax-advantaged, it important to understand that before considering which plan makes the most sense At this point, I'm trying to work my way through dipping my toes into the high-risk investment category Having a tech tree for those options specifically would be interesting
Comment from : GQGeek81

Can someone give me the tl Dr?
Comment from : Mike Dohn

Can't wait till web 30 streamlines this even more
Comment from : Ghost Samaritan

I know this comment is quite late, but is there an explanation of how to use that personal finance tech tree? It looks super useful, but slightly confusing at first glance
Comment from : Thomas Borg

I’m very grateful to the wise and handsome life coach who is Thomas Frank
Comment from : Bryan Turnbow

If you put in $50 a month how can you afford to invest in a index fund?
Comment from : Rashad Dean

Please put Russian subtitles
Comment from : Frodo Bagins

Cool so over the last ten you saved 300,000 which with inflation is 231,000 Sorry to be glum but saving dollars is not a good policy All the other stuff is great
Comment from : Trelleborg

Very very helpful video! 👏🏻👏🏻👏🏻☺️ Thanks a lot for sharing with us 🙏🏻 ☺️
Comment from : Di

I think you are the female me this is exactly how my mind works and this is not the first video you make that i say that thanks :)
Comment from : Katerina Me

I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas
Comment from : Maricel Oronan

I am a credit card deadbeat just like you Thomas and proud of it Thanks for your awesome videos
Comment from : Fransini Giraldo

hey! is there a way i can block all youtube channels except a few from which i studyi promise yours will be one of the channels i choose not to block lol!
Comment from : neptune (soda kid)

Just seen a Nebula ad and saw you on there Good job man!! Caught me off guard
Comment from : ColdRiseGaming

Do Americans not have direct debits for automatically paying their bills? Everyone I know pays every bill they have automatically with a direct debit
Comment from : Mike

Everything you do, see and feel is a reflection of not who you are, but how you arebrYou got this bestie keep striving
Comment from : Sacda Abdurhman-Personal Growth

Dope video
Comment from : Achraf Gr

That looks like fun 😄
Comment from : Tunna

For years I struggled with outstanding debts, bills and my children's school fees I was at a point where I wanted to give up when I came across YouTube about how to make and multiply your income through passive income Fortunately, I had saved some money and decided to start an investment (with the help of an investment advisor) Right now I'm sitting at around 12 million ROI and have paid my debts in full
Comment from : Julius Fritz

Talk about what the doctor ordered brThank you
Comment from : Leon Vieira

I will warn everyone here right now NEVER automate any bill that can fluctuate, like utilities or credit cards There's a massive class action lawsuit against a city's water and power company for incorrect billing I can't tell you how many people I heard from who went from auto-paying $200 a month to suddenly getting charged $5000+, without their knowledge Their account was wiped clean with that one bill, they were hit with overage fees, and they couldn't get the money back People lost their homes because all of their money was gone brbrThere are things you can do to reduce the risk of this situation, but the best way to mitigate the risk is to view your fluctuating bills before paying them
Comment from : CyborgNinja7

Hey Thomas! How should I invest my money and into what? Thank you so much for inspiring us!
Comment from : Gaming Info

Hope you've been well man ✌🏽
Comment from : thebronextdoor

What’s the name of the Mindmaps tool? At 5:17?
Comment from : Samuel Peiffer

Thank you for sharing sharing your personal experiences in investing
Comment from : Financial Freedom Made Simple

Your videos have been such help and inspiration for me over the years You’re amazing You deserve all the success and happiness in the world! Thank you ❤️
Comment from : x

Finances can EASILY get out of hand without the proper planningbrEven just reviewing your bank statements can give you a good look into calculating and categorizing your expenses
Comment from : Joe Zupko

Thomas, you are amazing man! You are helping countless people achieve something I watch your videos regularly, but after watching this one, I had to comment to show my appreciation Excellent job brother!!
Comment from : Nikhil Kumar

What supplies do you buy?
Comment from : Stee Fen

Americans don't have automation?
Comment from : Zigzag Lychee

Do you have discord server group?
Comment from : Micro Draw

I love this guy
Comment from : Bright Stuff

anybody know where to find the video of Thomas in the Ugly Llama Christmas Sweater
Comment from : Katto

What a keeper I envy your fiancé Not just this video but all your work says you were "raised good" It's probably too personal but I would love to hear you wax on philosophically about your relationship with your parents, how you were raised, etc I missed a lot in my first family - aka my parents For me, not all bad, lots of good but inconsistent I think you were set up very well for life Cheers to your parents! And of course THANK YOU for ALL your advice I'm a generation older than you but you are helping me ketchup on all the things I missed and/or are deficient in Truly thank you!
Comment from : Tinker 1138