adoboEnrice

How starting investing early can lead to financial success. David Bach, a successful financial consultant, learned about investing at a young age when his grandmother helped him buy his first share of McDonald's stock. The Three lessons for becoming a millionaire: saving a little every day, paying yourself first, and using automated payments for disciplined investing without willpower. Bach suggests using the "latte factor" by saving small amounts of money every day, investing a fixed cut of income into dreams first, and using automated payments to allocate income towards emergency funds, debt payments, and investments. Automating finances can eliminate the need for willpower and lead to financial success. #compoundinterest #lattefactor #investing #automaticmillionare