The Investing for Beginners Podcast - Your Path to Financial Freedom AAR01 - How to Use Automation to Build Your Wealth
Jun 10, 2025
Evan Raidt welcomes financial expert Dave Ahern, who shares his innovative methods for automating wealth-building through multiple savings accounts and brokerage automation. They delve into how financial automation can alleviate stress and enhance budgeting skills. Dave discusses the benefits of using automatic transfers for savings and investments while debunking common misconceptions that hold people back. The conversation emphasizes creating a seamless financial journey, promoting positive habits, and ultimately achieving financial freedom.
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Dave's Personal Automation Example
- Dave Ahern automates transfers to multiple savings accounts including one for his daughter to teach her about money.
- He also transfers money regularly to his brokerage account to invest automatically.
Automation Saves Willpower and Stress
- Automation reduces the willpower needed to save and invest consistently.
- It also saves time, reduces stress, and enables effective budgeting.
Automate Investment Deposits and Buys
- Automate deposits to your investment account directly from your paycheck or bank account.
- Use brokerage apps to automate recurring investments to save time and ensure consistency.