Farren’s Success Story….

I received an email from a reader named Farren. Farren was in the middle of taking my FinishRich Coaching Program, and he was writing to let me know that even though he hadn’t yet finished the course, his entire life had already completely changed. In less than eight months, he had gone from being stressed out over his finances to being out of credit card debt and on his way to a dream trip—seven weeks in Australia with his wife and two young sons.

As I read his email, it really hit me—it’s all about mindset and action. Farren’s mindset had changed, and as a result so had his actions.

Here’s the original email Farren sent me. I want you to read it because there’s so much in it to learn from. The fact is, you too can enjoy this type of success.

David, I just wanted to send a quick email to thank you once again for providing a great product/service and resource. I have listened to the CDs, watched the DVDs, read your book “Start Over, Finish Rich,” implemented the strategies, and changed my mindset! My wife, Amelia, implemented our latte factor and started looking at our overall expenses or consumables.  Things we could really get out of our life and stop spending money on right away and then… how can we also look at our different bills and cut them out.  The TV, the direct TV.  Things that are small, but as you add them up with the whole, it’s really a lot of money.

In less than a year, we’ve paid off $12,000 in American Express credit card debt, drastically reduced our monthly expenses, created a financial future with less stress, and – drum roll, please – the most exciting thing is that we are taking 7 weeks off for a family trip to Australia! (And I was able to pay cash for the $6k airfare!)  My wife and two boys age 5 and 8 years old are so excited.

 I took a picture of our little home savings jar that we used as a visual reminder for our kids and ourselves to see what we were saving for and how much we were saving. My kids are now excited to save. When they find a nickel or a penny – even change in my car – they run to the kitchen to put money into our “Australia Fund.”

Really life-changing stuff… so thanks to you and your team for their financial wisdom. These are troubled times for some, but with a plan and a coach, there’s nothing stopping you from the greatest life change you can do … understanding how to be financially free!

Cheers to you guys and “hi 5”! Thanks again!
Live your dream,
Farren W.

I wrote back to Farren immediately, telling him how amazing I thought his email was. “I love how you changed your mindset, took action and involved your family!” I wrote him. “You are an amazing example of how quickly you can get out of debt and start LIVING YOUR DREAMS. Nearly two months in Australia—sounds incredible!”

Farren’s response was as inspiring as his first note

We have just barely implemented your systems and still have made significant changes and progress. But it’s really like you said—it’s all about mindset and action. If you are married, you really have to have a “come to Jesus” meeting with your significant other. Look at ways you are both wasting money, create a goal, and go after it. A visual reminder like the jar in our kitchen also really helps. And if you can get the kids involved and excited, that can make all of the difference.

Farren’s story touches me for many reasons—and maybe it touches you, too.

Even though Farren was in debt, he was still willing to invest in himself to learn more about handling money and building wealth. With the benefit of what he learned, he changed his mindset and he took action. He’d didn’t over-think it—he just got going. He also involved his whole family in his dream of being debt free. He sat down with his wife and had the hard talk about looking for ways to cut back on spending. Then they created a visual aid (the money jar) to help them save money—and they got their kids to participate. As a result of all this, in just eight months, Farren was able to pay off a $12,000 credit card debt—and on top of that save enough to be able to pay cash for $6,000 in plane tickets and take his family on a two-month dream trip to Australia.

I mean, really—it’s a story that can make you jealous. Here’s a couple in debt, struggling to keep their heads above water, and in less than a year their whole life is turned around—simply as a result of changing their mindset and taking action (plus a little bit of coaching and education).


If this story inspired you like it did me- please leave a comment below and share it with your family and friends.

Live Rich!
David Bach


Back to the Basics with the Latte Factor®

Getting a handle on your spending can be a big challenge. You have to really work to keep what you work so hard to earn. Luckily, there’s an easy, fun way to do that. You have to find what I’ve termed, The Latte Factor.

What is The Latte Factor®?If you’re a regular reader of my books and articles or if you have seen any of my appearances on various TV shows such as NBC’s TODAY show – Money 911, you may already know about this phenomenon that I call the Latte Factor.

The Latte Factor® is based on the simple idea that all you need to do to Finish Rich® is to look at the small things you spend your money on every day and see whether you could redirect that spending to yourself. Putting aside as little as a few dollars a day for your future rather than spending it on little purchases such as lattes, bottled water, fast food, magazines and so on, can really make a difference between accumulating wealth and living paycheck to paycheck.

Example: In purchasing a $3.50 latte every day for a year, one would spend $1,260. If that money were invested at 10% over 10 years, it would grow to $21,870!

Use the Power of The Latte Factor®
Over the years, I have received thousands and thousands of emails, letters and thank-you cards from people who have used the Latte Factor—and the Latte Factor Challenge—to change their lives by changing how they think about spending money and how they really spend it. Some saved $5 a day by brown-bagging a sandwich from home instead of buying one at work. Others saved hundreds of dollars a month by giving up cabs for buses, dropping their premium cable channels, and foregoing regular manicures and massages.

Everybody’s spending habits are different, and so are everyone’s solutions. What we all have in common is that every one of us is capable of cutting back. Find your Latte Factor now! Go to, to calculate your Latte Factor, download the Latte Factor worksheet and your complimentary Latte Factor iphone app!


Wow! I picked The Automatic Millionaire up in frustration over my finances. My frustration quickly disappeared to give way to excitement. What a great read a real eye-opener! I did your latte factor test and found that I was spending $5-$10 a week just on the cheap movie rentals each week at the Drug Mart. I have a habit of going there after work to get something for unwinding and relaxation in the evening. The Latte worksheet is very clear and amazing in the reality of compounding interest in the few entertainment dollars. Just eliminating this habit will increase my cash allocation for more practical and long-term purposes. I realized that little spending habits like these does not help with debts. I am 28 years old and have credit and loan debt. I am setting up automatic deposits for savings to pay myself and making extra payments on my debts in advance such as the examples in your book suggest. This feels amazing and liberating. Thank you so much for your awesome book to empower anyone in every situation.
- Amber, Mount Gilead, OH

As I was reading about the Latte Factor, I already knew what my “latte” was. I travel a lot and get bored on airplanes so I buy magazines…about 4 per week. At $3.99 and $4.99, that adds up. What I didn’t realize was all the other little incidentals I pick up in airports. Gum $1.99, bottled water $1.99, playing cards $4.99 and I even spent $40 on wine at an airport last week! In fact, in one day, I spent over $90 of my own money on a company expensed trip. I wasn’t even paying for my own food or gas! And I complain that my debt is too high and I never have enough to pay bills, much less save, but after seeing this I think I can find free ways to entertain myself and carry a refillable water bottle and SAVE $90! Thanks David for opening my eyes.
- Joy, Burleson TX

To read more success stories go HERE!

Want to share YOUR Success story? – Click HERE!