Learn all the hacks to upgrade your life, money and travel – all while spending less and saving more. Host Chris Hutchins is a life hacker who has saved millions by breaking down every aspect of life, looking to maximize happiness at the lowest cost. Chris and guests like Tim Ferriss, Tony Hawk, Codie Sanchez and Gary Vaynerchuk will help you learn the strategies and tactics they used to shape their success.
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Learn all the hacks to upgrade your life, money and travel – all while spending less and saving more. Host Chris Hutchins is a life hacker who has saved millions by breaking down every aspect of life, looking to maximize happiness at the lowest cost. Chris and guests like Tim Ferriss, Tony Hawk, Codie Sanchez and Gary Vaynerchuk will help you learn the strategies and tactics they used to shape their success.
Chris’ Money Allocation Framework: 10 Steps to Build Your Wealth
All the Hacks with Chris Hutchins
56 minutes
1 month ago
Chris’ Money Allocation Framework: 10 Steps to Build Your Wealth
#235: Chris shares his personal 10-step money allocation framework to help prioritize savings, investments, and financial flexibility. He also dives into advanced strategies for tax optimization, liquidity, and real-world application through listener questions.
Link to Full Show Notes: https://chrishutchins.com/10-step-money-allocation-framework
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Resources Mentioned
Brian Feroldi’s Emergency Fund Size Formula
Wealthfront: Get $5k managed free here and get a 0.5% APY boost here
Daffy: Get free $25 for charity here
Direct Indexing: Frec
ATH Podcast
Ep #144: Leveraging Tax-Advantaged Accounts to Maximize Your Wealth with Katie Gatti Tassin
Ep #168: Building an Investment Portfolio to Grow and Protect Your Wealth with Chris Doyle
Ep #177: Best Bank Account Setup to Earn Interest on All Your Cash
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Email for questions, hacks, deals, and feedback: podcast@allthehacks.com
Full Show Notes
(00:00) Introduction
(02:03) Quick Episode Overview
(03:37) Step 1: Operating Cash
(05:14) Step 2: Employer Match
(06:21) Step 3: Urgent Debt Payoff
(07:56) Step 4: Safety Net
(11:49) Step 5: Short-Term Goals Fund
(13:30) Step 6: Debt Review
(15:44) Step 7: Tax-Advantaged Investing
(21:38) Step 8: Brokerage Investing
(30:16) Step 9: Education Investing
(31:23) Step 10: Optional Debt
(32:48) Why You Should Prioritize Liquidity
(37:51) Types of Alternative Cash Savings
(40:48) The Margin Call
(43:28) Listener Q1: Strategy for Using Money from House Sale
(47:07) Listener Q2: How to Leverage Tax-Loss Harvesting
(50:35) Listener Q3: Effective Ways to Manage Your Investment Portfolio
(55:00) Listener Q4: Thoughts on Financial Advisors
Connect with Chris
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All the Hacks with Chris Hutchins
Learn all the hacks to upgrade your life, money and travel – all while spending less and saving more. Host Chris Hutchins is a life hacker who has saved millions by breaking down every aspect of life, looking to maximize happiness at the lowest cost. Chris and guests like Tim Ferriss, Tony Hawk, Codie Sanchez and Gary Vaynerchuk will help you learn the strategies and tactics they used to shape their success.
