Archive for June 9, 2010
Greatest Thing I’ve Learned From … David Bach
Welcome to the latest series here at JosephSangl.com – Greatest Thing I’ve Learned From … In this series, I am going to be sharing the greatest things I’ve learned from financial and leadership experts. I hope you enjoy the series and will join in the conversation to share your favorite learnings from these leaders!
Greatest Thing I’ve Learned From … DAVID BACH
There are two things I have learned from author, investor, and speaker David Bach:
1. Latte Factor
This is the one thing in each person’s life that they could give up and save $5 – $10/day on. For some it is StarFourbucks lattes. For others it is lunch at restaurants. For others, it is the home phone.
Consider your spending habits. Is there something you can give up that would save you money nearly every day?
2. Make it automatic
His books and speaking have reinforced to me the importance of making every important financial goal automatic. My retirement savings is important. So is my son and daughter’s 529 college savings plan. (so cool to say “son” and “daughter”!!!). I’ve made each of them automatic draft. What do you need to make automatic?
David has authored several books, but one of my favorites is The Automatic Millionaire
By the way, David Bach is another JosephSangl.com Financial Hero – HERE.