The Automatic Millionaire, by David Bach. Here are 3 things I learned from this book.
Pay Yourself First
This means setting up an automatic transfer of a percentage of your income to a savings or investment account before you pay any bills. By doing this, you make saving a priority and avoid the temptation to spend money on unnecessary things.
The Latte Factor
This is the idea that small daily expenses, like buying a latte, can add up over time and significantly impact your financial future. By cutting back on these small expenses and redirecting that money towards savings or investments, you can achieve significant financial growth.
Benefits of Homeownership
Bach argues that owning a home can be a great way to build wealth over time, as your home can appreciate in value and provide a valuable asset for your retirement years.

By incorporating these principles into your financial plan, you too can achieve financial security and become an automatic millionaire.

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