791 Be Financially Free and Pay Yourself First with David Bach

The School of Greatness

Lewis Howes

Mindset, Relationships, Entrepreneurship, Mental Health, Education, Greatness, Fitness, Celebrity, Health, Inspiration, Success, Health & Fitness, Self-improvement, Business, Money, Self Care, Celebrity Interview

4.8 • 22K Ratings

🗓️ 1 May 2019

⏱️ 80 minutes

🔗️ Recording | iTunes | RSS

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Summary

BE FINANCIALLY SELFISH. Too many people are living paycheck to paycheck. Our debt has us in handcuffs. We don’t think that financial security is possible for us. But anyone can build wealth. Anyone. You just have to pay yourself first. The key is to have your money make money. With some simple math, you can see that putting away a little bit of money every day can bring huge results. On today’s episode of The School of Greatness, I talk about financial freedom with an incredible personal finance expert: David Bach. David Bach is one of America’s most trusted financial experts who has written eleven national bestselling books. His runway #1 bestseller The Automatic Millionaire spent 31 weeks on the New York Times bestseller list. He has appeared on NBC’s Today Show more than 100 times The Oprah Winfrey Show six times. David says that by paying yourself first, you can save enough to become a millionaire by the time you retire. So get ready to learn the power of becoming financially selfish on Episode 791. Some Questions I Ask: How much should someone put down on a home? (29:00) What is missing in my personal financial portfolio? (32:00) What are three steps that people can do right now? (53:00) What’s the best money advice you’ve ever heard? (1:04:00) In This Episode You Will Learn: Why you don’t need a budget (8:00) The three lessons about money David’s grandma taught him (11:00) The three secrets to financial freedom (19:00) The “rule of 72” (40:00) The dangers of subscription services (56:00) Follow me on: Instagram @lewishowes Twitter @LewisHowes Facebook @LewisHowes

Transcript

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0:00.0	This is episode number seven nine one with nine time New York Times bestselling author David Bach
0:09.3	Welcome to the school of greatness my name is Lewis Howe's former pro athlete turn lifestyle entrepreneur and each week
0:17.4	We bring you an inspiring person or message to help you discover how to unlock your inner greatness
0:24.4	Thanks for spending some time with me today now let the class begin
0:30.1	You
0:34.4	Confucius said when it is obvious that the goals cannot be reached don't adjust the goals
0:40.6	Adjust the action steps
0:43.2	This one is all about how to become an automatic millionaire how to
0:48.8	Live rich and be rich and finish rich that's what this episode is about
0:54.4	So many people talk about their financial pain the struggle they have with their finances and really how to earn
1:01.1	The type of money they want how to invest their money how to save their money how to automate their money so they can live rich and finish rich
1:08.4	David Bach is the financial author nine time New York time bestseller consecutively
1:14.3	Huge TV personality motivational speaker
1:17.0	Entrepreneur and founder of finish rich calm over the past two decades
1:21.1	He has impacted over 100 million people through his books seminar speeches newsletters and thousands of media appearances
1:28.5	He's been a contributor on the today show more than a hundred times and a regular on the opera win free show
1:36.2	Where he appeared six times to share his strategies for living and finishing rich again nine time can second of your time bestseller
1:44.8	He's one of America's most trusted financial experts
1:47.8	And he is here to reveal some powerful strategies for you
1:51.9	On why people who try to get rich quick they end up staying broke long
1:58.3	How to create system versus budgets for your money to grow the first lesson of David's book
2:04.7	Which is to pay yourself first always always pay yourself first and the importance of doing that
	...

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