Personal Finance Advice: David Bach’s Start Late, Finish Rich
If you need personal finance advice, I highly recommend you read and of David Bach’s books like Start Late, Finish Rich: A No-Fail Plan for Achieving Financial Freedom at Any Age (Finish Rich Book Series)
Among some amazing advice, David Bach gave some stunning revelation to the uninitiated about personal finance such as putting aside just a small amount of money every day like $10 or $15 - which he affectionately called the Latte Factor. If you faithfully put away and invest $10 per day for 20 years, it will compound to over $200,000!!
In fact, that’s what I heard from an audio by Byrd Baggett, a personal development guru, as I was driving along the Malaysian Federal Highway on the way to Klang and I can’t wait to get that book the very next day from Borders, Times Square in KL.
Armed with such a revelation, anyone in their 40’s or 50’s can safely retire with hundreds of thousands of dollars when they reach their 60’s or 70’s. (I hear some skeptics say that it’s not enough! Well, then - apply David Bach’s Double Latte Factor - see his book for more details - and invest up to $30 a day to bring your retirement nest egg up to beyond a million dollars if you wish!)
Apart from the above nuggets, David Bach also gave wonderful advice and tips of how to recover from credit card debt. To me, that advice alone is worth much more than the price of the book.
