David Bach

You'll spend the money on everything else.

So the government takes your money first for you automatically.

And then everybody else lines up to take your money from you automatically.

And the key is you should not be dependent on a budget.

Budgeting doesn't work.

It's difficult, boring, and people hate them.

You shouldn't be dependent on discipline because we're busy and you can't get yourself to consistently do things.

It's just really hard.

It's like New Year's resolutions.

We basically give up on them by February and March.

The one thing that works, and it's boring, super boring, is automation.

You click a button and you automatically pay yourself first.

What Sonya just looked at, she said she's got 15 subscriptions.

Sonya is right now, I'm not trying to put you on the spot here, Sonya, but it's such a great example.

You are paying, just through Apple, 15 different companies automatically every month.

They have literally attached themselves to your paycheck.

These phones I'm holding right now, I'm holding a phone for those of you listening to me and you can't see me.

These phones are money magnets.

They either bring money to you or they take money away from you.

And you need a system, and I call it the automatic millionaire system, to pay yourself first automatically.