David Bach and The Automatic Millionaire Giving Financial Success To the MassesBy admin On March 23, 2011 Under Uncategorized
David Bach, New York Times best-selling author, wrote an easy to understand book that teaches a simple logical plan for your finances. Probably best known for “The Latte Factor”, he has shown that it is the simple things that decide where you will take your finances. Focusing on not spend just a few dollars a day and then investing this money gets your money working for you and not you working for your money.
David has recently signed an agreement with Carbon Copy Pro, the internet’s leading marketing training company to market his products and introduce his trainings to people worldwide. Carbon Copy Pro will market this through Pro University. Marketing worldwide is always a challenge but with Pro U’s footprint in over 190 countries currently it will give “The Automatic Millionaire” a huge boost.
David Bach believes in Paying Yourself First. This starts the process of building a legacy for you and your family and investing in your future first. It is as simple as putting away a portion of your paycheck before you indulge in your daily money or even before your bills. It is even better yet if you can make it automatic so that it happens without you having to touch it at all. Make sure that it is in an account that is not easy to tap into, will also help this money begin to work for you.
The first goal should be to have 3 months worth of expenses put away. Giving you a little breathing room in an emergency will help when it comes time to make decisions when an emergency does arise. Decisions that are made in haste and under stress normally will cause you to spend unnecessarily. You controlling your money is still the key of all of David Bach’s books.
So much of the economy is out of our control on a daily basis. Controlling our own financial resources though is the one thing that we can control. David Bach’s principal would have averted today’s economic crisis if instead of over borrowing on our homes we would have quickly gained equity and then made that equity work for us.
David Bach’s partnership with Pro U will allow millions more to be trained in the future. Accountability will be gained by those taking the courses and getting certification. Instead of following the principles alone you will have a network of people to work and build your financial freedom. David teaches us that “rich” can mean many different things to many people. The one key theme in the use of the word “rich” is the ability to make the most decisions about your day to day life and not have to worry first about the financial factors.
Building several automatic streams of income is a major theme in all of the David Bach books. Relying on just one source of income puts too much pressure on that income stream to succeed. When you have your money working toward financial freedom it is better to have 3 or 4 sources bringing in a smaller steadier income than one large source (ie; your job). David Bach is a The New York Times bestselling author and speaker.