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Automatic Millionaire WorkbookChapter 1
Learn to Pay Yourself First

Let's talk about budgets. You're never going to need one again.

Wait a minute. Wasn't the point of The Latte Factor to track how much you're spending so you can cut back and save? And doesn't saving mean being on a budget?

No. The point of The Latte Factor was to demonstrate that you earn enough, right now, to start saving and investing and building future wealth. And that means throwing away your budget.

BUDGETS JUST DON'T WORK
Why do most people think they need a budget? Because that's what their parents or grandparents told them. Maybe a financial expert. But were they rich? Were they free from financial worries?

Budgets don't work because they're hard. Just like diets, budgets ask you to deprive yourself today for a reward tomorrow. We're not good at that sort of thing. It goes against human nature.

Budgets don't work because they ask you to be disciplined and be controlled. But we don't like being controlled; we want to be in control. And for most of us, we're too busy to be disciplined—it takes too much time. You should never let your money control you. You should be able to do this with very little discipline and time commitment. So, for your own good, please dump those budgets in the garbage. There really is an easier way. I'm going to give you an alternative--a system that allows you to tear up your budget and never worry about it again.

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Success Stories

Real Advice, Real People, Real Results.

David, Here is my real life story - In 1985 I was hired by a large automotive firm fresh out of college. The HR person doing the hiring gave me 401K paperwork to fill out. I told him that I wasn't making enough money to save for retirement - I was just out of college! The man looked me in the eye and told me that if I didn't sign up with 6% of my income right then and there, he wasn't going to hire me! So, I signed up, and when I left that company 4 years later, I had a small nest egg of ab ... more



- Maureen Niemiec
Shelby Township, MI

Shelby Township, MI

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Success Stories

Start Late, Finish Rich

In Start Late, Finish Rich, David Bach takes the "Finish Rich" wisdom that has already helped millions of people and tailors it specifically to all of us who forgot to save, procrastinated, or got sidetracked by life's unexpected challenges.

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    The views expressed herein are solely those of David Bach and FinishRich Media, LLC., and do not necessarily reflect the views of The Edelman Financial Group or any of its affiliates. Neither theinformation herein nor any opinion expressed herein constitutes or is intended to constitute investment advice or an offer to sell or solicit any person to purchase any security. FinishRich is a trademarked brand used by David Bach and FinishRich Media LLC. and none of David Bach, FinishRich Media LLC. [or The Edelman Financial Group or any of their affiliates] guarantee any financial results or a positive outcome to your personal situation.