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David Bach

๐Ÿ‘ค Speaker
1362 total appearances

Appearances Over Time

Podcast Appearances

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Whatever I sign up for, the moment I sign up for it, I cancel it.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

And I cancel because that in a month when it comes due, if I'm really using it and I can't use it, I'll want to resubscribe.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

The other thing is if you cancel your subscriptions, every company has basically got a client retention system designed to give you a better offer so they can get you back into their subscription service.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

So just by shutting it off, they'll come back and give you a better deal.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

You've got 15?

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Wow, where do we start?

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Okay, first of all, the system is designed for you to live paycheck to paycheck.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

It's literally everything in capitalism is designed to separate you from your wealth.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

And what we know is if you don't have a system in place to keep your money, to pay yourself first, and I'll explain what that means.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

If you don't have an automated system, like my book, who we're here to talk about, The Automatic Millionaire, has taught people for two decades how to put your financial life on autopilot.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

And what that means is your money moves automatically into three buckets that you need for your life.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

The future, retirement, security for emergencies, and the third bucket is your dreams.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

And what I've taught people is when your money moves automatically to you, you actually build wealth.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Now, the governments around the world figured this out about 40 years ago.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Governments, you know, I'm here in the United States.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Well, actually, at the moment, I'm in Florence, but I'm an American.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

You're in Australia.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

All governments across the board today take your taxes from you automatically.

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Why?

Sonia and Simon
How to Become an Automatic Millionaire with David Bach | The #1 Wealth Habit You're Not Doing

Because they know if they don't take your taxes from you automatically, you're just not going to have the money to pay them.