259 | The Linchpin of Your Financial Success (7 Steps to Wealth, Step 2: Plan)

[INTRODUCTION]

Hilary Hendershott: Well, hello, Money Lover! Welcome to my 7 Steps to Wealth podcast series. If you’ve already heard this introduction to the series and you don’t wish to hear it again, please just fast forward about two minutes. If you haven’t heard it yet or want to hear it again, here we go.

Hilary Hendershott: Many years ago, as I was digging myself out of financial oblivion and creating healthy money habits for myself for the first time, I realized that if I could master this thing called money, I would have something very valuable to share with the world. I mean after all, there is plenty of information about money out there in the world, yet most people still struggle with it. So obviously something is missing in the zeitgeist about money.

Hilary Hendershott: And there came a time in my financial life where I started to look more financially healthy than damaged. There came a time when my bank accounts started to contain 6- and 7-figure balances. There came a time when I could set big, really abundant goals for my business, work toward them, and reliably achieve them.

Hilary Hendershott: The way I would say that now is, I got into right relationship with money. I stepped into having power and influence with money. So as part of sharing the lessons I learned with money, I looked back on what I had accomplished–from where I was now, with a high credit score, a multi-million dollar home that my husband and I own, and a multiple 7-figure net worth–and I asked myself, “What are the exact steps I took to get here?”, “What specifically did I do differently to change my financial reality?”, and “How exactly did my money mindset and financial beliefs change?”

Hilary Hendershott: And I created a framework called the 7 Steps to Wealth. I’ve published that framework many times, in many formats. Episode 208 of this podcast contains the entire framework in one episode; it’s a great audio resource. There’s an interactive, multimedia eBook you can download if you go to the show notes for today’s episode. And I would love for you to do that. We talk about the 7 Steps in my Money Love Notes newsletter, which you can also subscribe to in the show notes.

Hilary Hendershott: But what I’m doing now is an entire episode on each of the 7 Steps. The 7 Steps in order are: Decide, Plan, Speak, Ask, Earn, Invest and Protect. I’ll publish this series with the steps in order, but not necessarily every week. So the point is to do a deep dive on each individual step because knowing the steps makes no difference. You have to actually put them to work in your life. So if you’re looking for a different step than the one I’m talking about today, and that step comes BEFORE today’s step, just look around in the recent episodes I’ve published. If you’re listening to these as they air, and you’re specifically interested in a future step, it’s coming.

[EPISODE]

Hilary Hendershott: So today we’re talking about the second step in the 7 Steps to Wealth framework, which is called Plan. You gotta have a plan, okay? If you’re going to be financially free, you need a plan for your wealth that doesn’t require you to tick and tie and count and measure and categorize every single day. You need a plan for savings. You need a plan for spending.

Hilary Hendershott: There’s three things you can do with your money, okay? Money–you earn it in the form of income, you pay taxes, you spend it, or you save it.

Hilary Hendershott: Wealth–built wealth: earned, retained, invested wealth that can allow you to retire eventually–requires savings, so of course, we need to minimize taxes and spending. And I mean when I say minimize, I want you to live a life you like and even a life you love, but we have to make the numbers work.

Hilary Hendershott: So we need a specific plan for what to do with your money today and really every day. If I had what you might refer to as a superpower, and I say superpower with air quotes, I’m not calling myself a superpower person, but my superpower would be about systems thinking. My brain really easily devises plans to get complex things accomplished. So when I decided I was done being broke and dominated by money and the inevitable lack thereof, I knew I needed a plan.

Hilary Hendershott: The type of planning I had been taught is budgeting. And budgets, my friend, my fellow Money Lover, budgets suck. They’re horrible. They are in the weeds. They are detailed. They are overly analyzing things. I don’t think budgets work for many people at all. Budgets are a count up system. In other words, you allocate for $20 of spending to coffee, $97 for hair, $172 for groceries.

Hilary Hendershott: I mean, that kind of detail, first of all, is dominating, because you don’t do the same things every month, right? And if you have a count up system, which a budget is, it requires that you allocate, organize and categorize every single thing you spend. And if you don’t categorize one or 10 or a whole 30 days worth of spending, then your whole budget is off, and you might be inclined, as I experience most people are, to throw the proverbial baby out with the bathwater.

Hilary Hendershott: I don’t think budgets work. If you’re listening and you have a budget that works for you and you’re going, “No, no, it does work.” Fine. More power to you. Just know you are a rarity. I needed a plan. I needed structure. I needed organization. Most of all, I needed certainty. I needed certainty that I could know on any given Tuesday, that I could spend $10 on lunch or $20 on lunch–or if I couldn’t–and that I would still be in alignment with my long term plan.

Hilary Hendershott: So the kind of plan I’m going to propose to you today, it goes beyond spending less than you make. But of course, spending less than you make is a necessity. But we have to know that your money has been given a job and that you’re actually assigning it that job. It’s not easy to know, on a daily basis, what job you’ve assigned that dollar–if you’re spending from one big checking account–it’s not necessarily easy to know what job that specific dollar has, unless you cordon things off, unless you do the equivalent of putting things in file folders or buckets or envelopes, again, proverbial envelopes (we are not carrying around cash in envelopes) but it requires having that be easy. Why? Because life is complicated. You have a lot of things to handle, and checking in on your spreadsheet or your YNAB every time you spend $1 is not going to happen.

Hilary Hendershott: I have used this system. So I personally devised this system. I tweaked it a little as I was going, so probably two to three years. I used this system before I taught it to anybody, before I looked back as I shared I did, and figured out that what I had figured out about money was going to be valuable to teach other people.

Hilary Hendershott: So I really lived in this system for many years, and it worked for me to pay off six figures and more of debt. And I’ve also taught it to my multi millionaire clients. I have a client I taught this system to–she’s worth about $3 million–and she absolutely loves it. We send her–from her investment accounts–we send her a quarterly paycheck. That is what we do for most of our retired clients, she allocates it the way I’m going to teach you. She does not need to save anymore. So she doesn’t have to save for her financial future, because she’s already done that. She’s already retired. But she uses this to allocate her spending–most specifically, she loves every five or seven years to buy herself a new Lexus, more power to her. She wants to pay cash, and she wants to know that the cash is there. Not having the cash there, and not being confident that it’s been saved for, budgeted and allocated in this way–I use the verb, budgeted, okay, not the noun–but not knowing that she can afford to spend that money was stressing her out. So this system allows her to be 100% absolutely confident that she has done the equivalent of pay for the car through savings, as compared to leasing it or paying for it using debt.

Hilary Hendershott: Conversely, I’ve taught it to clients who hired me to help them pay off $200,000 in credit card debt. These folks were high income. They just were sort of accidentally spending more than they made every month. So we helped them organize and pay off their debts. And they did that slowly, I think it took about two years, and they used this system, and they love it. They absolutely love it. They swear by it. The system scales. No matter where you’re starting and where you want to end up, this system will grow and evolve with you. It’s really wonderful. It takes some upfront thinking work.

Hilary Hendershott: However, once you’ve done that, you don’t really have to do it again. You don’t have to do it en masse, anyway. You can do it–little, little, little pieces of it as your income increases or as you decide you want to change certain things about your financial life.

Hilary Hendershott: The biggest struggle people have with this step is that, first of all, you’ve been taught to think about your spending in teeny weeny little categories–utilities, gas, personal care, clothing, groceries, coffee, etc, etc. I don’t want you to make decisions based on teeny, eeny weeny, teeny little categories anymore. I want you to make decisions and plans based on when you decided to spend the money. So, if you’ve already agreed to spend something–you have rent or mortgage or memberships or insurance–you’ve already agreed to pay that; your car payment, that is yesterday’s promise. You made that promise to spend that money yesterday. Yes, these category headers are a little kitschy. It’s okay. Just be kitschy with me for a second. Yesterday’s promises. And then, of course, you have things you want in the future. You want a new car, you want a vacation this year, you want a vacation next year, and you want to retire. That’s tomorrow’s dreams. You have short-term dreams and long-term dreams, and then what’s left in the middle is today’s fun.

Hilary Hendershott: This category represents the flexibility and freedom that you get at the point of sale to buy the things you want to buy in the moment. You didn’t know you wanted that this morning, but by gosh, when you saw it in the store today, you really, really wanted it. It’ll make you happier to have it. I want you to know, can I afford this thing, or do I need to wait two weeks? Or do I need to wait 12 weeks because I don’t have the cash to pay for it right now and stay on my plan. I know I said the biggest struggle people have, and I do think that’s a big struggle, is learning how to recategorize based on timing and not subcategories. But there’s really two big struggles people have. The other thing is…

Hilary Hendershott: Too many of us think that the spending we’re doing now is required. It’s necessary. “Hilary, I have to spend on gas. I have to spend on food.” “Hilary, if I want to dress for the job I want, I have to spend $1,000 on this suit.” Now, I work from home. I don’t know exactly what the wardrobe selection looks like out there in the office world, but I imagine there’s at least something correlate to this statement, “Dress for the job that you want.”

Hilary Hendershott: I get it. I get it. I am not going to make the claim that you can get through the month or live your life without buying a tank of gas or without buying clothing. However, thinking that individual dollar of spending is necessary is really a huge trap door. I promise you, necessity is really the mother of invention, and you can look like a million bucks shopping at Marshalls and Nordstrom Rack. You do not need brand new Gucci, my friend, I’m sorry–I want you to have Gucci if that fits in your spending plan, or if you want to save for it for two years and make that big expense, more power to you. I am getting out of the way as to how you allocate your intermittent luxuries.

Hilary Hendershott: But if you absolutely had to get through this month buying minimal food and minimal gas, you would get creative. You would ask people for rides. You would find food on discount. You would go to the grocery store instead of going out. You would make it for yourself instead of DoorDashing. I promise you, if you have this thinking, that “I have needs and I have wants, Hilary, and all the things you’re asking me to reallocate, those are needs.” They’re not. They’re just not.

Hilary Hendershott: Again, just to reiterate, not to be repetitive, but it is that thinking that kind of disappears your money. So, we’re literally going to categorize yesterday’s promises–anything you have a legal agreement to spend already–those are yesterday’s promises. It’s not what I need and what I want anymore. It’s yesterday’s promises, today’s fun, and tomorrow’s dreams.

Hilary Hendershott: Okay, I spent a long time on that, but I do see people struggle with those two aspects of this form of planning.

Hilary Hendershott: So here’s the linchpin for success to this kind of planning. Make it easy on yourself, right? We’re going to automate everything. Then you have to live within your automation. You’re going to make a conscious decision to save. You’re going to sit down maybe this weekend, and you’re going to decide, look, these are my yesterday’s promises that’s already allocated. You do, by the way, have the opportunity to renegotiate your yesterday’s promises. I promise you, you can lower your rent by moving, you can lower your mortgage by buying down. You can go to a less expensive gym. You can cancel that whole life insurance policy that’s costing you $1,000 a month. You can do all those things, but let’s just say yesterday’s promises, that’s done.

Hilary Hendershott: And then the real key to success here is that the next decision you’re going to make isn’t how much you want to spend in today’s fun, it’s how much you want to save for tomorrow’s dreams. And you know, there’s probably no way around it for most of you, this means tightening your belt a little bit, and that’s never fun. However, you will, through time, get to a place where you’re now paying cash for the things that you want–your next car, your next vacation, you’re paying off the credit card bills, you’re living debt free. You’re not paying credit card APRs anymore, right? And that’s when you start to really reap the rewards of your discipline.

Hilary Hendershott: There’s that saying, you have a choice in life. You get to have one of two pains, the pain of discipline or the disappointment of regret. So you get to choose: the pain of discipline or the disappointment of regret, and that’s what this is about.

Hilary Hendershott: I think a lot of people forget that being rich really isn’t about how much you get to spend, although I’m not going to lie, being able to spend money is fun. Being able to spend money is more fun than not being able to spend money. However, being rich is measured by how much you keep. Wealth is measured by how much you save, not how much you spend. And people who have a wealth plan spend less and save consistently.

Hilary Hendershott: If you’ve been overspending in life, I don’t think it means that you’re irresponsible or short sighted. I think it’s probably just that you don’t have a plan. If you want to grow your net worth on a consistent basis, you really can’t get far without a plan like this one.

Hilary Hendershott: And one of the benefits of coming up with a plan like this is you’re going to know, how much are you spending to live a life that you love? What is that spending number that leaves you feeling fulfilled, feeling like you have what you need and a modicum of what you want, that you can make choices and have freedom in the moment? Good? Then we’re going to use that number to calculate your retirement or financial independence number. So you take your spending number–and this math that I’m about to give you isn’t going to take Social Security or any other inheritances or pensions into account–but your financial independence number is about 25 times your spending number. That’s it, right?

Hilary Hendershott: So we need to get to a place where you have 25 times your annual spending saved, and then you’re close to good. Again, that’s not a personal piece of advice. Don’t take that number to the bank. I don’t know you, I don’t work for you. All the regular caveats, okay, I’m just giving you rules of thumb.

Hilary Hendershott: So what’s it going to take for you to achieve that number? And we can really reverse engineer your success through a consistent savings rate. You’re not running around on any given Wednesday afternoon thinking about what life’s going to be like when you’re 71 years old. However, if we get on track with this plan, you’re planning for that version of yourself, okay?

Hilary Hendershott: It sounds boring, and I don’t know, some days it is, but it’s effective. I mean, we never celebrate tightening the belt. I get it. It’s never like gosh, feels so good to spend so much less money. I’ve never really seen any memes about that on Instagram.

Hilary Hendershott: However, it is the way. This version of planning utilizes or honors a law called Parkinson’s Law. Parkinson’s Law says things expand to fit the space that you give them. That’s why, if you have three weeks to complete a project that you know you can get done rather quickly, you put it off. But if you only have an hour to do that project before a deadline or a presentation, magic, you get it finished in an hour. And it’s the same phenomenon with your money.

Hilary Hendershott: So if you throw your entire paycheck into one spending account, one checking account, you’re naturally going to spend it all. That’s just the way that goes. You’re not undisciplined, but you can sort of trick yourself. You can put yourself in an environment where if that money that should be allocated for tomorrow’s dreams isn’t in that account, you won’t spend it.

Hilary Hendershott: Pre-planning spending in teeny weeny little categories doesn’t allow for life. Financial freedom requires that you have the freedom to spend differently month to month, and not, as a result, have to spend two hours editing a spreadsheet. If your spending number is predetermined and carefully controlled, that means you don’t have to spend extra time chasing down late bills or taking calls from credit card companies who want to get paid. I have done all of those things. It means you’re empowered to make a quick decision about how much you can spend at the cash register now, today, or on dinner, or on that gift for a friend’s birthday, and not have financial mistakes to make up for later.

Hilary Hendershott: You actually get to create automated, reverse-engineered net worth growth. That’s right, you take the number one financial goal of all time and you make it a certainty. That’s worth a little bit of reorganizing your thinking and doing some planning and opening a few bank accounts.

Hilary Hendershott: So here’s my tried and true method of automating your personal cash flow. First of all, I want you to march on down to the bank or get into your banking app and create or open five or more bank accounts. This is the linchpin of your success. Tracking your money in spreadsheets as if it were in separate bank accounts does not work. That is not what I am recommending. Everyone says, “Oh, Hilary, I don’t want to pay $5 a month for a bank account.” Look, you can spend your time looking for free bank accounts. You can set it up so that you keep the minimum amount in all five of these accounts that allows you to have the account for free. There are banks that are absolutely Profit First friendly. This whole system is very much a mirror of the book Profit First by Mike Michalowicz. I’ve interviewed Mike Michalowicz on this show before, he wrote a book for business bookkeeping called Profit First.

Hilary Hendershott: I created this system not knowing about his book. And I’m a little sad that he published the book and I didn’t, because I had the idea, too. Anyway, 100% it works. You need two checking accounts and three or more savings accounts. The first checking account is called Yesterday’s Promises. This account is for the payment of recurring expenses. It receives your direct deposit income and it pays your expenses. That’s it. Oh, and it transfers money to other bank accounts. You do not spend from this account. I want you to lose the debit card.

Hilary Hendershott: You need another checking account called Today’s Fun. This is for in-the-moment spending. Again, just repeating, necessity is absolutely the mother of invention. You’re going to have a direct deposit into your Yesterday’s Promises account and then an automated transfer into your Today’s Fun account. If the money isn’t in there, you can’t spend, that’s the key to success. That’s the keystone, right?

Hilary Hendershott: Now, if it’s Friday and you really want that jacket and you get paid on Monday. Does it really matter if you buy it on Friday or buy it on Monday? It does. It does. Because you are a Money Lover. You’re now a Money Lover. You’re no longer spending on debt. You don’t spend money until you have it. Building this muscle is key to being and becoming the wealthy person you intend to become.

Hilary Hendershott: You need three savings accounts. One, of course, is your Curveball Account. Most people call this your emergency savings. I invite you to become a person who doesn’t have financial emergencies. Most experts recommend three to six months of spending being saved in this Curveball Account. That’s in case you lose your job, or stuff happens, you get sick, you don’t have PTO, stuff like that, like life throws you a curveball.

Hilary Hendershott: Then you need a savings account for each of your short-term savings goals. I have a savings account for my next car, for my next vacation, and for Christmas gift spending. Now, in truth, I now don’t spend a percentage of my income on Christmas gifts that really necessitates this account. However, it is something that I’m proud of. I remember being at the mall the last year I was an overspender and spending more than $1,000 of money I didn’t have on gifts that I felt obligated to buy, and realizing how unhappy I was about lack of boundaries I was living within financially. The next year, I told my family, take me out of the Secret Santa gift exchange. I’m not participating. I’m not buying gifts. I love you all. I’ll be back next year. You know what? They’re all still my relatives. They still love me. I don’t even think they remember.

Hilary Hendershott: And then I set up a savings account, and I transferred $200 into that savings account every month. I don’t know, did I spend $2,400 on Christmas gifts? No, I probably transferred $100 a month. The point is, then I had $1,200 that following December to spend on the gifts I wanted to spend on. And Christmas spending has never been a source of stress or anxiety for me again. So I keep the account, okay?

Hilary Hendershott: So savings account: Your next car. If you live in New York City and you don’t need a car, more power to you. You don’t need this account, although you probably have a lot bigger transportation spending inside your Today’s Fun. You might create a savings account for transportation depending on the percentage of its allocation to your overall income. Your next vacation, anything that you’re short-term planning to buy. If you are looking to save money for a down payment on a house, this would be another savings account.

Hilary Hendershott: Okay, then you have an implicit savings account, but it’s really probably an investment account, like a brokerage account or a joint tenants account or a community property account, depending on whether you’re married and what state you live in. And this is where you save–after you’re done filling up your company 401(k)–this is where you save for retirement.

Hilary Hendershott: Okay, so five or more bank accounts. One, Yesterday’s Promises is a checking account. Two, Today’s Fun is a checking account. Three, Curveball is a savings account. Four is a car, vacation, holiday spending–if you need that–or down payment for a house. Those are each separate bank accounts, and then you have your savings account for retirement savings. Okay? Name them. Almost all bank account apps allow you to name your bank accounts now. You want to name them. You want to know what you’re looking at. I literally log into my Citibank portal and it says, “All Things Auto.” It says “Holiday Gifts,” and it says, “Vacay.”

Hilary Hendershott: Okay, that’s step one. Step two, add up all of your monthly expenses. These are your Yesterday’s Promises. Again, these are the things you’ve already agreed to pay. Examples of these include mortgage or rent, insurance, your car payment–whether that’s on a loan or a lease–any streaming services, memberships, subscriptions, housekeeping. If you already have a promise to pay your housekeeper, like you have a regular appointment, that would be a Yesterday’s Promise. And any other monthly financial commitments. Don’t forget, if you have life insurance premiums that are due annually, you want to put those in here. Take the annual premium, divide it by 12. You want that in this account.

Hilary Hendershott: Okay, that’s step two. Now, step three, I want you to define both your short- and long-term savings goals. Are you saving to buy your next car? Wealthy people pay cash for depreciating assets, so cash for a new car. How much do you want to spend at the holidays? How much do you want to budget for your next vacation? Are you saving for nice jewelry? Are you saving to buy an RV? You could create a short-term savings account for charitable donations that you want to give. Right? Anything that you’re planning to do that is something that’s larger than your regular monthly, just like everyday living spending, you want to write that down, okay? Create a separate line item, just on a piece of paper. Just write it down.

Hilary Hendershott: And then we want to define your long-term savings for retirement or financial freedom. Some of your retirement accounts might be associated with your company. Like I mentioned, your company-sponsored 401(k) but if you’ve maxed out savings in your 401(k)s for the year, or your SEPs or your IRAs or your Roths, you can open an after-tax or brokerage account here. So I want you to put a dollar amount that you’re going to save for financial freedom on this line item. That’s step three.

Hilary Hendershott: Now step four. Set up direct deposit so your personal income goes directly into your checking. That’s your Yesterday’s Promise account. Step five, set up automated bill payments from Yesterday’s Promises for all the bills you identified in step two. Step six, set up an automation–or an automatic transfer–to send the amounts you determined in step three to your short- and long-term savings accounts. Those are called tomorrow’s dreams, into the designated savings account. You’re going to put a different amount for the down payment on a house than you are for your next car or for holiday spending, right? You’re not budgeting the same amount for holiday spending as you are for the down payment on a house.

Hilary Hendershott: So you want to take what you want to save and do the most with it that you can. I mean, clearly it’s going to take time to get to all of these long-term savings goals, short- and long-term savings goals. Otherwise they wouldn’t be called goals.

Hilary Hendershott: All right, so now you have what’s left after you take out Yesterday’s Promises and Tomorrow’s Dreams. That’s your Today’s Fun. So set up an automation so that that money that’s remaining goes into your Today’s Fun checking account. Now, you have two choices. I didn’t trust myself with credit cards after I made a mess. For two or three years, I did not trust myself. I used my debit card. That debit card was associated with my Today’s Fun account. I did not carry the debit card for my Yesterday’s Promises account. That would nullify the whole purpose. You really have to put constraints on yourself to learn the discipline. I get people complaining that they want to earn points on credit cards, that’s fine. It does introduce another step. If you want to use your Visa to earn 3 or 4 or 5% cash back over the course of the month, then you need to create a calendar item to check in on your Visa balance on a daily basis. This will be good because you get to review your transactions, make sure nothing erroneous is going in there. But you’re going to match the balance of the credit card to the balance of the checking account, and as soon as the credit card balance is what the checking account balance is, you have to stop spending until you get more money in that Today’s Fun account.

Hilary Hendershott: So again, Plan A is just spend down the Today’s Fun account. You have two weeks in between payments, right? You get paid either on the 1st and the 15th, or you get paid every two weeks. This is a short enough period of time that you can mentally plan for… Well, I know I need to at least be able to buy a rotisserie chicken next Friday, that’s $7.50 after tax at Costco. So I better not spend this checking account down past $25. So now I need to mentally sort of budget over these two weeks: What can my spending rate be so that I don’t have to starve on the last day of the pay period? And then you’re going to get paid again.

Hilary Hendershott: Two weeks is a short enough period of time. If you get paid every month, you might want to create an environment in your Today’s Fun spending account where you receive two payments a month. I think four weeks is a long time for the human brain to plan with granularity spending such that you are about approximately level on spending over the course of those four weeks. So I would encourage you, at least in the beginning, hold some money in your Yesterday’s Promises account. Don’t transfer all of it over. Transfer half of it on the 1st of the month and half of it on the 15th.

Hilary Hendershott: Again, I have worked within this system for years. I know it very intimately. I know where the breakdowns can be. I really think that two week pay period is magical for the human brain, and really creates an environment where you’re set up to win. So you tell me, you write to me and tell me what works for you, but at least set it up and get it working.

Hilary Hendershott: And then finally, step nine is if you have money left over at the end of the month, you could put it in a short- or long-term savings so that you can get to your goals faster.

Hilary Hendershott: Once you get your personal spending organized, systematized, and working for you, honestly, and I promise you, you’re going to be blown away… how good it feels, and surprisingly, how much more profitable this allows you to feel.

Hilary Hendershott: I mean, personal profit is when there is a big delta between income and spending. That is like financial comfort. That’s what I call personal profit. This show used to be called Profit Boss®, and I would talk about how if you were a business owner, you needed profits in your business. But even if you’re not a business owner, you still need profits. And you need that profit in the form of savings–money that you earn that you don’t spend.

Hilary Hendershott: You’re going to love this system. Just imagine how much mind space this system is going to free up. You’re going to carry that one little debit card or that one little credit card around all month, and know that it’s just the tip of the iceberg, that there’s so much more that’s working for you behind the scenes at all times, and that this debit card or this credit card is the linchpin to that whole system.

Hilary Hendershott: You’re going to forget the system exists because it works. It’s working behind the scenes. Those auto transfers are happening, and then you’re going to wake up after 90 days, or 120 days, and log into your bank accounts, the Tomorrow’s Dreams accounts, and you’re going to think, oh my gosh, I can’t believe how much money I’ve saved. This is magical. And that is the magic of cash flow automation. I hope you love it. I hope you love it. Feel free to write to us at hello@hendershottwealth.com and tell us how it’s working for you. Enjoy cash flow automation.