David Bach

Whatever you earn an hour,

I don't care if it's minimum wage, whatever it is, 10, 20, 30, 40, $50 an hour.

If you save the first hour a day of your income, you automatically move it from your paycheck

into a savings account, a retirement account for the future.

Every country's got a different type of retirement account.

But you move that money automatically for your retirement.

You put it in the investments.

It's got to be invested in something.

I recommend the stock market for 60%, 70% of your money and 30% in bonds.

You do that, you will never worry about money again as long as you live.

That is literally where you start.

So I would go like, Sonia, Simon, are you guys saving one hour a day of your income?

And what that is percentage-wise is a little over 10% of your gross income.

It's 12.5%.

So if you earn a dollar, you're taking at least a dime and you're putting that away for yourself.

Okay.

Well, I'll tell you, it's the lie that I fell for when I was young.

It's the lie that most of us fall for.

And that lie is, if I make more money, I'll be rich.

If I make more money, then I'll start saving.