Mike Carruthers

I'm sure you hear that all the time.

To what you just said, I would imagine people will often reply, but I like my coffee.

I like my drink afterward.

I don't want to live a life of being deprived of everything in order to do this.

And you say, well, you can keep your coffee, but then give up this.

But I don't want to give up all these things to do this, that I want to enjoy my life.

that I'd like you to talk about, that anybody who's even attempted this, where they pay themselves first, where the money is taken before they ever get it, it comes out of their paycheck or whatever, there's something magical that happens that you don't miss it.

And I don't know what that is, because you would think you would, like if all of a sudden your paycheck got smaller and

you would have difficulty adjusting.

But generally, people don't.

If they never get it, they never need it.

We're talking about saving money automatically and the magic of compound interest with David Bach.

He's author of the book, The Automatic Millionaire.

So, David, there are times, and I think this happens, it's happened to me, and I'm sure it happens to a lot of people, where you start this process and you start putting money away and you save money, but something happens.

You lose your job.

Something goes wrong.

There's some big expense that you now need to dip into that money that you were planning for retirement or later years.

And now it's gone.

Because when those expenses happen, I would rather use the money I have than put it on a credit card.

I sure was.