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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.

Click here for the full chapter. (PDF file)

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Success Stories

Real Advice, Real People, Real Results.

My name is Sridhar and I live in London, UK. It was late August in 2006 when I turned 31 and was remorseful of the fact that I was growing old and not owning enough real assets. Somehow I was thinking hard on the asset bit that I guess the law of attraction led me to your website to download your audio program on the Automatic Millionaire. I was so engrossed that I must have listened to it a dozen times. At the same time, I also reading the print version to complement my learning, and started di ... more



- Krishnamoorthy
London, ..

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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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  • Figure out your Latte Factor™

  • The Five Secret Questions to Finish Rich

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  • Learn about Investment Basics

  • Find out about College Savings and Planning
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    Advisory Services offered through Edelman Financial Services LLC. Securities offered through Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC

    David Bach is Vice Chairman of Edelman Financial Services LLC, a Registered Investment Advisor. He is an Investment Advisor Representative who offers advisory services through EFS and a Registered Representative of (and offers securities through) Sanders Morris Harris Inc., an affiliated broker/dealer, member FINRA/SIPC