"When your values are clear
your financial decisions
My number one piece of advice for 2017. PAY YOURSELF FIRST, ONE HOUR A DAY OF YOUR INCOME—AUTOMATICALLY! In 2017 I am back on my crusade to help you save more automatically.
Why? Because it WORKS. In 2017- PAY YOURSELF FIRST.
It All Has To Do With A Payment Plan
Self-made millionaire and personal finance expert David Bach says buying a home is an escalator to wealth. “Young or old, you want to own the place you live in,” he writes in “The Automatic Millionaire.”
Yet more and more Americans are delaying homeownership. After all, it costs more each month to own a home than to rent across all 50 U.S. states.
Enjoy this never-before-released recording from a private conference call with David.
Recently we held a special private conference call where I discussed the economy (the new jobs numbers which were a record breaker over 235,000 added in February) and the “Trump Bounce” in the stock markets to record highs. Then David took your questions (and we covered a lot from real estate to reverse mortgages to 401k rollovers and so on).
And the best part… we started the call with one of our readers (Amanda’s) incredible heart wrenching story of how Smart Women Finish Rich, my grandmother Rose’s inspiration, helped her leave a six-and-a-half year long abusive relationship. Her story moved David to his core.
How A Retirement Plan Can Help You
Mostly, it requires making smart choices, like committing to paying yourself first and setting aside at least 10% of your pretax income in a retirement account, says financial adviser and self-made millionaire David Bach.
Not buying a home is the single biggest millennial mistake
While opponents of homeownership claim it's "the American nightmare," self-made millionaire David Bach is doubling down on his faith in real estate. He thinks that not prioritizing homeownership is "the single biggest mistake millennials are making.
" Buying a home is "an escalator to wealth," he tells CNBC. Young adults in particular aren't hopping on this escalator, and it's a costly mistake, Bach warns: "If millennials don't buy a home, their chances of actually having any wealth in this country are little to none.