Show Notes
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David Bach is a ten-time New York Times bestselling author and the man behind The Automatic Millionaire. In this episode, David and Tommy break down why $3,000 a year saved from age 15 to 19 beats saving from 27 to 65, the one hour a day rule for retiring a millionaire, why a tech making $250,000 can still be broke, why owners should buy the building their business is in, and David's idea for a flat tax on IRA accounts.
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-- 🕐 TIMESTAMPS 🕐 --
- Introduction
- The Number One Rule: Pay Yourself First
- Save One Hour Of Pay A Day
- How 565,000 People Became 401(k) Millionaires
- The Myth About Investing Aggressively When You're Young
- Tommy's Roth IRA At 16
- What $20 A Day Becomes
- The $27.40 A Day Leak
- The Corvette Ride That Started It
- Born To Spend Or Born To Budget
- A Lesson At McDonald's At Age Seven
- Homeowners Are Worth 40 Times More Than Renters
- Why A Garage Door Is Worth Financing
- Buy The Building Your Business Is In
- Wealthy But Not Free
- Why High Earners Start To Resent Their Jobs
- Making $250K With Nothing Saved
- The Chart: Start At 15, 19 Or 27
- Why David Holds Zero Private Equity
- The Advice He Wishes He Had At 20
- Batteries Included People
- $46 Trillion Sitting In Retirement Accounts
- The IRA Flat Tax Idea
- Social Security In 2033
- Why The Trades Aren't Going Away
- The Barber Who Saved 75% Of His Income
- What Money Taught David About Himself
- Discipline And Non-Negotiables
- What People Said At His Father's Funeral
- The 20th Anniversary Edition
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