The Automatic Millionaire by David Bach | Retire on $10 A Day

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The Automatic Millionaire by David Bach | Retire on $10 A Day.
What is my latte factor? This will be a question you will likely be asking yourself after reading this book (and that’s a good thing)!

The latte factor is one of the most revolutionary concepts in the field of retirement planning and personal finance. The very idea that you could retire on $5 a day or $10 a day is incredible! And in this video I’m going to be explaining what the latte factor is as well as how it can help you save more money for retirement!

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Please watch: "The Budget That Pays You First | Reverse Budget Explained | Budgeting For Beginners"
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[thebeanieboomaster]

Wow! This was a video I was suggested to watch in my personal finance class, and I love this! I am going to start forgetting my "latte"!!

[samuellong]

Glad you got a new microphone, lol. Love the new videos, went back to check the older ones out.

[ML-pdso]

So amazing! I am starting to see things that my dad has said about finances in your videos! "Pay yourself first" is one of his go to phrases in regards to finances! he also talked plenty about the 50/30/20 budget as well. Love your take on how to do this! Hope to find what my latte factor is and begin the climb!

[LeedsSTL]

Mine is cafeteria breakfast or a donut and soda on the way to work. Either way its about $5-$6 a day. Granted I also save 12% in my 401k and my employer adds another 6% so I'll continue to enjoy my tater tots or donut and Ski soda.

[alexbright]

Assuming a 10% return is OK, but you did not take into account inflation. Also, every 10 years you should half your fund to get a more realistic lifetime average.

[anagattowilliams]

I honestly don’t have a latte factor. I only get $750 a mo. barely have enough to survive.
What can I do with my income to become a Millionaire?

[hemantparakh]

To control my Latte Factor i would like to put some money in Hard-Soft wallets kindly advice a suitable scheme to control my Latte Factor to become an Automatic Millionaire

[michaelvarney.]

$35k/year in San Francisco?
Not only paycheck to paycheck, but likely digging herself into a deep debt hole.

[darrylstrawberry]

Not realistic. Not taking into account inflation, unrealistic return of investment, etc.

[Nappystorm]

35k living in SAN FRANCISCO!? I like the video though and changed my IRA contribution