1927: David Bach, Author of The Automatic Millionaire, 20 Years Later. Why the System Still Works

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 2K Ratings

🗓️ 5 January 2026

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

Happy New Year! In this brand new episode, financial guru and NYT bestselling author David Bach returns to So Money to mark the 20th anniversary of The Automatic Millionaire, which has been expanded and updated, and to explain why its core message still holds up—even in today’s high-cost, AI-driven economy. Bach argues that we now live in an “automatic economy” that can quietly make us richer or poorer depending on how our money flows, and that paying yourself first through automation remains the most dependable path to financial security. Drawing on personal stories, market data, and lessons from living abroad in Italy, he reframes wealth as freedom, not just net worth, and makes a compelling case for starting small, investing consistently, and using money to build a life—not just a balance sheet.

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Transcript

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0:00.0	So Money episode 1927.
0:02.6	David Bach is back, the author of The Automatic Millionaire 20 years later,
0:07.7	why the system still works in today's economy.
0:11.6	You're listening to So Money with award-winning money guru Farnoose Torabi.
0:16.5	Each day, get a 30-minute dose of financial inspiration from the world's top business minds,
0:21.8	authors, influencers, and from Farnoose yourself.
0:25.8	Looking for ways to save on gas or double your double coupons?
0:29.5	Sorry, you're in the wrong place.
0:31.8	Seeking profound ways to live a richer, happier life.
0:35.1	Welcome to So Money.
0:38.3	Yes, things are more expensive.
0:40.2	Yes, with inflation is harder.
0:42.2	Yes, healthcare is more expensive.
0:44.1	We can go on and on about all the problems that exist today.
0:46.8	The reality of life is this.
0:48.2	Nobody's coming to save you financially.
0:50.0	You are going to have to save yourself financially.
0:52.6	And it's going to get worse, not better.
0:54.5	We live in an automatic economy right now. Let me say that one more time. We're living in an
0:59.6	automatic economy. That economy today is making you automatically rich because you use the technology
1:06.5	and the tools to build wealth automatically or is making you automatically poor because you have
1:11.9	signed up and given people access to your income where you're paying everybody else automatically.
	...

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