Welcome to another “Tuesday Tip Jar” where I will share awesome savings and financial tips as I find them. I might not have something for you every Tuesday, but when I do, you’ll find it here!
If you’ve got a financial tip you think others would benefit from, please send it to me via my contact page at the top of the blog!
Today’s quick tip comes in the form of the author who originally inspired me to get serious about my finances and dig out from my debt.
I listen to a podcast called, “The School of Greatness” hosted by Lewis Howes. While the pretentious name of the podcast might initially be off-putting to some, the fact of the matter is that Lewis has guests on of all shapes and sizes that focus on helping you to make your life better. Subjects have ranged from meditation, to inspiring stories of overcoming odds, to financial improvements, and everything in between.
Back in February or March, he had New York Times best-selling Author, David Bach, on his program. David was getting close to launching a book called, “The Latte Factor,” and was on a promotional tour for it.
I was impressed with how straightforward David was, and how relatable his approach seemed to be. He wasn’t about complex algorithms and financial wizardry (at least on the surface), he was about simplifying the process of saving and building wealth. For a dumbass like me, this was music to my broke ears!
While “The Latte Factor” hadn’t hit shelves yet, I liked what David had written enough that I went home and researched some of his previous books. One that struck a nerve for obvious reasons was his book, “Start Late, Finish Rich,” that focused on how to build wealth rapidly if you made some less-than-optimal decisions in the first half of your life.
The book was wildly encouraging, making sure to reinforce time and time again that it’s never too late to start saving and investing, but also reminding readers that the longer you wait, the less you’ll have later in life.
After finishing “Start Late,” I moved on to what most people know David for, which is his book, “The Automatic Millionaire,” and then eventually his latest book which is a fiction/financial education story called, “The Latte Factor.”
I don’t want to give David’s techniques away, because I think it’s important that you read his advice in the full context of his books, but I will say that they have helped to totally change my life. I am now (slowly) building some wealth, while at the same time finally paying off the debt that has been crushing me all these years.
David has a very loyal fanbase, and it’s easy to see why given his charming nature and practical approach to things.
If you haven’t checked him out, I highly recommend you picking up at least one of his books and having a read. He’s got books dedicated to helping women, couples, older people, and everyone else, all with the focus of helping you to understand how to properly build wealth.
Don’t get the wrong impression though. He’s not totally focused on making every dime you can every single place that you can. David also believes in giving money to charities and those in need when possible, which is one of the aspects I thoroughly enjoyed in his approach.
So go take a look, and see what it’s like to read something by a guy named David who actually knows what he’s talking about, and not just some jackass with a blog.
Tune in tomorrow when I’ll discuss how my debt might be quite different from your own… and yet exactly the same!
Who is your author of choice when it comes to finances and financial advice? Let me know in the comments below!