Chris’ Money Allocation Framework: 10 Steps to Build Your Wealth

All the Hacks with Chris Hutchins

#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

Partner Deals

Vuori: 20% off the most comfortable performance apparel I've ever worn

Gelt: Skip the waitlist on personalized tax guidance to maximize your wealth

Copilot Money: Free 2 months access to my favorite personal finance app with code HACKS2

LMNT: Free 8-count sample pack of my favorite electrolyte drink mix

MasterClass: Learn from the world's best with 15% off

For all the deals, discounts and promo codes from our partners, go to: chrishutchins.com/deals

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
• Leave a review: Apple Podcasts | Spotify
• Email for questions, hacks, deals, and feedback: [email protected]

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

Newsletter | Membership | X | Instagram | LinkedIn

Editor’s Note: The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Opinions expressed here are the author's alone, not those of any bank, credit card issuer, hotel, airline, or other entity. This content has not been reviewed, approved or otherwise endorsed by any of the entities included within the post.

Learn more about your ad choices. Visit megaphone.fm/adchoices