(💸21/40) 5 Reasons Why the Wealthy Automate Their Money (And Why You're Falling Behind If You Don't)

(💸21/40) 5 Reasons Why the Wealthy Automate Their Money (And Why You're Falling Behind If You Don't)

Author: Bob Lotich, Linda Lotich August 24, 2024 Duration: 26:56

Want to know the secret weapon of the wealthy?

It's not what you think.

Forget discipline. Forget willpower. Forget complex investment strategies.

The real key? Automation.

In this episode, we're pulling back the curtain on how the wealthy effortlessly grow their wealth and impact—and how you can too.

 

Here's what you'll discover:

  1. The shocking truth about why discipline is overrated in finance

  2. How to make hundreds of good financial decisions with just one click

  3. The "set it and forget it" strategy that could skyrocket your savings by 56%

  4. Why emotional decision-making is costing you thousands (and how to stop it)

  5. The simple hack that saved us 130 hours a year on managing our money

  6. How we used automation to give away $1 million by age 40

Plus, we're sharing the exact steps you can take TODAY to start automating your finances like a pro.

 

🔗Resources mentioned in this episode:

  1. Book: "Automatic Millionaire" by David Bach - https://www.amazon.com/Automatic-Millionaire-Expanded-Updated-Powerful/dp/0451499085

  2. Real Money Method (UN)budgeting system - https://seedtime.com/realmoney

  3. 10X Investing course - https://seedtime.com/10x

  4. Charles Schwab study on 401(k) automation - https://www.schwab.com/resource-center/insights/content/why-your-401k-should-be-on-auto-pilot

  5. American Time Use Survey - https://www.bls.gov/tus/

  6. Financial Engines study on unclaimed 401(k) matches - https://financialengines.com/education-center/401k-match-lost/ 

  7. SeedTime Money 40-week checklist (mentioned as part of our ongoing series)  - https://seedtime.com/give1m 

Remember: The wealthy never depend on willpower. They automate their most important financial tasks. It's time for you to do the same.

Ready to get started? Hit play now.

 

BONUS: Ever dreamt of hanging out with us for 6 weeks in your small group or church? Head to https://seedtime.com/true for details or shoot us a DM on Instagram (http://instagram.com/seedtime).

Watch this episode on our SeedTime Money Podcast YouTube channel (https://youtu.be/v1j2bdXELPg)!

If you haven't checked out our best-selling book Simple Money, Rich Life (https://seedtime.com/smrl/), we think you'll love it. It was named the 2022 Book of the Year by ICFH and has over 600 5-star reviews on Amazon, and is best described as "a money book for people who don't read money books." 

You can take it for a test drive for FREE at https://SeedTime.com/sample where you can download chapter 1 of the audiobook, grab the 1st 2 chapters of the ebook version, and even get the 5-week book study companion guide.


What does it look like to manage money well when your faith is the foundation of your life? That’s the central question explored in SeedTime with Bob and Linda Lotich. This isn't just another financial advice show; it's a conversation about integrating biblical principles with the practical realities of budgeting, investing, and building a secure future. Bob and Linda approach finances from a unique perspective, one that challenges conventional wisdom by framing stewardship as a spiritual practice. Their discussions move beyond spreadsheets to consider how financial health directly impacts your marriage, your sense of purpose, and your ability to live generously. Each episode aims to provide actionable steps to simplify your finances, eliminate debt, and cultivate a sense of peace and control over the resources you've been given. The goal is to shift your focus from anxiety about money towards freedom, allowing you to invest your time and energy into what truly matters. If you've ever felt that typical money advice misses the heart of the matter, this podcast offers a different path-one where faith and finances are seamlessly connected. Tune in for honest conversations that blend personal experience with practical strategy, all centered on building a life of purpose and provision.
Author: Language: English Episodes: 100

SeedTime with Bob and Linda Lotich
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