The Diary Of A CEO with Steven Bartlett

Early Retirement Expert: A House Vs Stocks, Here's The Truth!

1283 snips
Jan 29, 2026
David Bach, bestselling personal finance author known for The Automatic Millionaire, shares simple systems to build wealth. He discusses the first-hour rule and automated saving, stocks versus real estate as wealth engines, 401(k) strategies, the latte factor of daily savings, and practical debt-busting and automation tricks to make wealth-building painless.
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Automate Paying Yourself First

  • Automate savings by paying yourself first the moment your paycheck arrives.
  • Use retirement accounts (401k/IRA) to move money automatically without relying on discipline.
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Grandmother's McDonald's Lesson

  • David Bach learned investing from his grandmother who bought him McDonald's stock at age seven.
  • That early ownership lesson shaped his lifelong focus on ordinary people becoming investors.
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Start Small And Escalate Contributions

  • If you have an employer plan, enroll and set automatic contributions to hit 12–14% over time.
  • Start small (1%) and increase gradually until you reach the goal.
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