The Automatic Millionaire, Expanded and Updated
A Powerful One-Step Plan to Live and Finish Rich
by:
David Bach
in:
Personal Finance
Summary:
The book provides a practical financial strategy focused on automating your finances to effortlessly save, invest, and manage your money to build wealth over time. It emphasizes the importance of paying yourself first, eliminating debt, and making smart investments to achieve financial independence without relying on a budget or willpower.
Key points:
1. The Latte Factor: Bach highlights the impact of small savings, suggesting cutting out daily luxuries like lattes or cigarettes to save and invest for a secure financial future.
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