
The Joe Polish Show The Automatic Millionaire Reimagined: David Bach on Wealth, Freedom, and the Future of Money with Joe Polish
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Jan 2, 2026 David Bach, a renowned personal finance author and advisor, shares transformative wealth-building strategies. He emphasizes the power of automation over budgeting, revealing how 'pay yourself first' can lead to financial freedom. David also discusses a bold IRA flat-tax idea that could revolutionize retirement savings, and the life-changing impact of sabbaticals for creativity and health. Through compelling stories, he highlights mistakes entrepreneurs make about financial independence and the importance of having a solid plan to protect loved ones.
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Automate Paying Yourself First
- Automate paying yourself first by saving ~12.5% of gross income automatically every pay period.
- Use retirement accounts and automatic transfers so saving happens without willpower.
Grandmother Sparked A Family's Wealth
- David Bach learned investing from his grandmother who saved 50 cents from each paycheck and became a self-made millionaire.
- That lesson shaped his family's multigenerational wealth and his career in finance.
Scale Financial Education Systematically
- Teach financial skills at scale by writing books, training advisors, and licensing your curriculum.
- Use media and automated delivery to multiply impact beyond one-on-one advising.

