David and I start by talking about his history with money, including the credit card debt he racked up in college. He recounts the very early financial education he received from his grandmother, herself a single woman who decided to master money at the age of 30. Now, David teaches people around the world how they can become millionaires by implementing a very simple money habit.
David also shares the story of the couple whose saving patterns enabled their modest incomes to balloon into over $2 million in assets, and how their story changed his outlook on savings forever. We discuss some of the common complaints we receive about automation, and why those complaints are no excuse for setting up a reliable automatic system.
If you’re looking for an easy-to-implement savings system that really works, look no further!
Listen To The Full Interview:
What You’ll Learn From This Episode:
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David’s own money story and why he credits his grandmother Rose with his financial success.
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How David discovered the true path to automatic millions from an unexpected source: one of his students!
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David’s sage words of wisdom on savings, spending, and where you should focus now to create change.
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Why the average American only saves 4% of their income, despite paying yourself first being SUCH a crucial step to long-term financial freedom –
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Why David decided to update The Automatic Millionaire, and some of the new tips and advice you’ll find within.
Featured On The Show:
- Connect with David: David Bach | Success Stories | Facebook
- The Automatic Millionaire, Expanded and Updated: A Powerful One-Step Plan to Live and Finish Rich by David Bach
- Warren Buffett
- Morgan Stanley
- David on Oprah: How much should you be saving at 25?
- Wealthfront
- Betterment
- Acorns
- Mint Money Manager
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