S3E14: The Automatic Millionaire: Commentary on David Bach’s Best-Selling Book

by | Apr 4, 2023 | Creating Financial Independence, Financial Planning, Podcast, Residual Income Ideas

Three important points that David Bach makes in “The Automatic Millionaire” are:

  1. The power of automation
  2. The Latte factor
  3. The importance of taking action

My take on the best way for the average person to start the process of becoming an automatic millionaire following this philosophy:

  1. Set up automatic deposits to your savings and investment accounts
  2. Identify and cut back on unnecessary expenses
  3. Maximize your retirement contributions
  4. Educate yourself about personal finance
  5. Seek professional advice

By following these steps and consistently automating your savings and investment contributions, you can set yourself on the path to becoming an automatic millionaire over time.

Start Your Free Wealth Coaching: Text me at 508-905-5561 with a couple dates and times and let’s begin building a financial wall around your family. 

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