#16562
Mentioned in 4 episodes
The automatic millionaire
A Powerful One-Step Plan to Live and Finish Rich
Book • 2003
The Automatic Millionaire by David Bach shares the secret to becoming financially secure by automating savings and debt payments.
The book tells the story of an average American couple who, despite a modest income, manage to own two homes debt-free, send their children to college, and retire with over $1 million in savings.
Bach's approach stresses the importance of automating financial plans, eliminating high-interest debt, and living frugally while still enjoying life.
Key concepts include the 'Latte Factor,' which highlights how small daily expenses can add up, and the necessity of aligning spending with personal values.
The book tells the story of an average American couple who, despite a modest income, manage to own two homes debt-free, send their children to college, and retire with over $1 million in savings.
Bach's approach stresses the importance of automating financial plans, eliminating high-interest debt, and living frugally while still enjoying life.
Key concepts include the 'Latte Factor,' which highlights how small daily expenses can add up, and the necessity of aligning spending with personal values.
Mentioned by
Mentioned in 4 episodes
Mentioned by the podcast host as an example of ignoring the time value of money.
3151: The Time Value of Money (or why 25 years of cable TV doesn't cost as much as you think) by Stephen Popick with GRS
Recommended by Andrew, the book's concept is that automating your finances is the key to success.
116. Our favorite financial books and podcasts, with a few surprising gems!
Mentioned by Robert Brokamp when discussing housing expenses.
A "Shock and Awe" Acquisition
Mentioned by James Dahle , David Bach’s book emphasizes automating financial processes for long-term success.
WCI #123: Will the Politicians Cancel your Student Loan Debt?
Recommended by 
Art Rainer , highlighting its lessons on the power of compounding, paying yourself first, and automation.
Art Rainer , highlighting its lessons on the power of compounding, paying yourself first, and automation.
Episode 368 | These 3 Books Changed Art’s Financial Trajectory
