David Bach

What does it take to blow $10,000 a year?

And the answer is $27.40 a day.

And, you know, I do a lot of speeches and when I'm on stage, I'm like, guys, how many of you know somebody who wastes $27.40 a day on nothing?

You know, they go out to lunch every day when they're at work versus bringing their lunch to work.

They always take Uber.

They order Uber Eats, whatever the case may be.

They're spending money.

twenty seven dollars and forty cents a day on nothing they could just go and have a cocktail after work and spend that amount of money and if you saved that money instead if you invested it instead that could add up to over your lifetime with compound interest twenty seven dollars and forty cents a day invested ten thousand dollars a year in forty years could be worth over four million four hundred and twenty four thousand dollars

I completely understand wanting to enjoy your life.

I do.

I also understand this.

This is the truth about life.

You will work 90,000 hours over your lifetime.

And if you don't pay yourself first, something, every day when you make money,

And I recommend you pay yourself first one hour a day of your income so that whatever you earn an hour, you keep the first hour a day of your income.

If you don't do that, you will turn around in your 50s and your 60s and you will not have any money.

And that is a really tough place to be.

And I will tell you, Mike, when you're in a room of people who are 50, 55 or 60, and you ask them,

what is the biggest regret they have in life they will tell you almost always they wish they had started saving and investing when they were younger so you have to decide to put yourself first then you can live off all the rest of the money there's something that happens

I mean, what you just said is music to my ears.