Key Philosophies
Explain ¨It's Never Too Late¨.
Even if you start late, his "Start Late, Finish Rich" philosophy provides methods to catch up through higher, automatic savings.
¨Do you pay _____ ____?¨
Yourself first
Author, Financial advisor, Entrepreneur, ______ ______
Motivational Speaker
¨___ free for life¨ (A book that we wrote that was in the presentation.)
Debt
Explain the ¨latte factor¨
Saving little amounts of money a day on small things like coffee.
¨Thats because money is making ____.¨
money
How many key philosophies were on the key philosophies slide?
7
"Start Late, Finish ____"
Rich
Explain ¨Think in decades, not days¨
Bach emphasizes that building real wealth takes time. He advises against market timing, arguing that long-term, consistent investors reap the rewards of compound interest.
¨Do you save ___ ____ a day of your income?¨
one hour
Former Senior Vice President at ____ _____?
Morgan Stanley
How long has he been teaching for? (said in the beginning of the video)
27 years
Explain ¨Automate Everything¨
Remove human error and temptation by setting up automatic, recurring transfers to retirement accounts (401k/IRA) and savings, making saving automatic for life
How much does it cost to blow $10,000 a year?
$27.40 a day
How many of his books have been national bestsellers?
12
If you invested $27.40 a day for 40 years, how much would you get?
$4,424,000
Explain the philosiphie: ¨Pay yourself first¨
Putting 1 hour or 15% of your work a day into retirement
¨its not so much the money, but its ____ ___ _____ ___ __ ___ ___.¨
what the money can do for you
Name the 3 books he wrote that were in the presentation.
The Automatic Millionaire, The Latte Factor, Debt Free For Life
Name the 4 of the 5 main questions that were in the video.
Do you want to be rich?, Do you pay yourself first?, Do you save one hour a day of your income?, Do you save money automatically?, Do you know what your ¨latte factor¨ is?