Manage Your Money Like a Business (And Put It on Autopilot)

Money is a tool—nothing more, nothing less. Just as you wouldn’t operate a circular saw without understanding how it works, you shouldn’t handle money without learning the basics. Misusing it only hurts you. The smartest way to use this tool? Treat your personal finances like a business. Track your income (revenue), expenses, and profit & loss statement. Being in control of your money is the foundation for taking control of your life.

Ask yourself these questions in order:

Do you have a roof over your head?
Do you have enough food?
Are you eliminating consumer debt?
Do you have an emergency fund?
Do you invest?
Do you have fun?

The order matters—get the basics solid first. To make it sustainable, put your finances on autopilot:

Auto-deposit your paycheck
Automate bill payments
Automate investments and savings transfers

Automation removes emotion and willpower from the equation. Once systems are in place, your money works for you even when you’re not thinking about it.