Rich Habits Podcast

150: Build Wealth Without Counting Every Dollar

19 snips
Dec 29, 2025
Discover the innovative concept of the anti-budget, where savings are prioritized and spending becomes guilt-free. Learn how to automate your savings and bills, creating clarity and control over your finances. Explore strategies like the 24-hour rule to curb impulse purchases and the importance of a structured mindset for income growth. Find insights on prioritizing stock investments and why traditional whole life insurance may not be your best option. Get ready to revolutionize your approach to wealth building!
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INSIGHT

Automate First, Worry Less Later

  • Automate savings and investments first, then spend the remainder guilt-free each month.
  • The anti-budget replaces tracking every dollar with rules and automated flows to preserve mental energy.
ADVICE

Set A Realistic Savings Rate

  • Calculate a target savings rate and raise it gradually until you reach 15–23% of take-home pay.
  • Small increases (1% a year) compound massively over decades, so start where you are and scale up.
ADVICE

Build Separate Accounts And Automations

  • Build separate accounts and schedule transfers the day after payday to bills, emergency fund, retirement, and brokerage.
  • Keep a single checking account for guilt-free spending so you won't accidentally spend saving money.
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