David Bach

So the phone is either helping you build wealth or it's taking money away from you.

And by the way, in both cases, it's automatic.

So what's happening today, there's never been greater technology ever in the history of our lifetime to separate you from your wealth.

But nobody wants to separate you, Mel, from your wealth once.

They want to separate you from your wealth for your lifetime.

They call it the lifetime value of a customer.

Okay.

So when I bring you into whatever I'm selling you, I don't want you to buy from me once.

I want you to buy from me on a subscription level.

I want you to be paying me, whether everybody, think about Netflix, the gym, every single service, your vitamins, your creams, your lotions, and your potions.

Everyone's got you signed up to pay them automatically.

If you go through, open up your credit cards or someone, one of your people in your office already told me they did this.

Use a system like Monarch.

Yep.

Or YNAB, right?

These are different software systems where you can track all of your expenses and you can see who are you paying monthly.

People have lost touch with how many people are attached to their paychecks.

That could add up to over your lifetime with compound interest.

$27.40 a day invested, $10,000 a year in 40 years could be worth over $4,424,000.

Well, Mike, in America today, seven out of 10 Americans are living paycheck to paycheck.