Early Retirement Expert: A House Vs Stocks, Here's The Truth!

The Diary Of A CEO with Steven Bartlett

FlightStory

Business, Society & Culture, Education

4.5 • 17.8K Ratings

🗓️ 29 January 2026

⏱️ 110 minutes

🔗️ Recording | iTunes | RSS

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Summary

Can 1 hour a day make you a millionaire? Bestselling author DAVID BACH reveals how the first-hour rule, retirement investing, passive income ideas, and 401k matching build financial freedom…FAST! David Bach is a 10x New York Times bestselling author and one of America’s most trusted financial experts. He has helped millions become financially secure for life, and also serves as Director of Advisor and Investor Education at AE Wealth Management. He is the consecutive New York Times bestseller with over 7 million books, including books such as: ‘The Automatic Millionaire, 20th Anniversary Edition’. He explains: ◼️Why saving $27 a day can outperform earning more money ◼️The phone automation trick that doubles your savings without willpower ◼️The hidden system that keeps most people in debt ◼️The real reason 70% of people stay broke despite earning more ◼️The wealth code for your 20s, 30s, 40s, and 50s (00:00) Intro (02:29) How I Helped Millions Become Millionaires (04:33) How My Grandma Became a Millionaire With an Average Job (09:25) Why Smart Women Finish Rich—And What They Do Differently (12:20) Why Boring Investments Are the Key to Long-Term Wealth (16:02) Why 50% Stay Broke—And How Just 1 Hour a Day Can Change That (19:28) The 70/30 Wealth Rule Millionaires Rely On (22:20) Are Homeowners Really Richer? What the Numbers Say (27:22) Stocks vs. Real Estate: What Builds Wealth Faster? (31:08) Is Buying a House Worth It After All the Hidden Costs? (34:39) Should You Put Your Down Payment Into the S&P 500 Instead? (36:25) Will Buying a House Limit Your Career and Mobility? (40:50) A Proven Framework to Get Out of Debt (42:39) How the Average Person Wastes $10,000 a Year (43:43) How Much You Need to Save Daily to Become a Millionaire (51:47) How to Save Tens of Thousands Without Noticing (54:00) Ad Break (55:03) The Real Dangers of Debt—And How to Escape Them (59:35) The Easiest Way to Boost Your Income Starting Today (1:02:54) Is Wealth Just a Mindset Game? Here's What to Know (1:05:19) How to Grow Your Savings Without Even Realizing It (1:10:16) This Simple Phone Hack Could Save You Hundreds a Month (1:13:24) Should You Invest in Tech Funds Right Now? (1:20:21) Ad Break (1:22:18) 6 Money Mistakes Most Couples Don’t Realize They’re Making (1:30:24) Why You Must Understand Your Partner’s Finances (1:33:40) Why the Next Decade Is the Greatest Money-Making Opportunity Yet (1:36:10) Should You Pay Off Your Mortgage Early or Invest Instead? Enjoyed the episode? Share this link and earn points for every referral - redeem them for exclusive prizes: https://doac-perks.com Follow David: Website - https://bit.ly/3ZBpmbB Instagram - https://bit.ly/3LTngkk X - https://bit.ly/4t29SLg YouTube - https://bit.ly/4t5y936 You can purchase ‘The Automatic Millionaire, 20th Anniversary Edition’, here: https://amzn.to/4pZYBbH The Diary Of A CEO: ◼️Join DOAC circle here - https://doaccircle.com/ ◼️Buy The Diary Of A CEO book here - https://smarturl.it/DOACbook ◼️The 1% Diary is back - limited time only: https://bit.ly/3YFbJbt ◼️The Diary Of A CEO Conversation Cards (Second Edition): https://g2ul0.app.link/f31dsUttKKb ◼️Get email updates - https://bit.ly/diary-of-a-ceo-yt ◼️Follow Steven - https://g2ul0.app.link/gnGqL4IsKKb Sponsors: Function Health: https://Functionhealth.com/DOAC to sign up for $365 a year. One dollar a day for your health Vodafone - Check out the business.connected series here: https://www.youtube.com/playlist?list=PLn7S5nhm3VOzlPRcOV3ZU30hiiSJ26ozS Factor: https://factormeals.com/diary50off with code DIARY50OFF

Transcript

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0:00.0	If you don't get in the game of homeownership and you rent in your 20s and you rent in your 30s,
0:05.5	you're going to turn around in your 40s and having not built any net worth.
0:09.5	And in fact, homeowners in America are worth 40 times more than renters.
0:15.4	And I'm talking about ordinary Americans.
0:17.1	But that doesn't mean that buying a home made them rich, right?
0:19.5	It actually does.
0:22.0	And I'm going to go through that.
0:25.4	But am I not better off renting and investing in the stock market?
0:26.8	I want to bust this myth.
0:34.2	Because I have spent the last 33 years of my life helping millions of people with ordinary incomes become financially free,
0:37.9	including nine years as a financial advisor at Morgan Stanley, and I got to see first-hand.
0:38.7	Help everyone who came into my office with an ordinary income built well.
0:41.7	And there's a formula to getting rich.
0:44.1	But there's also a system how you put your financial life on autopilot in less than 10 minutes.
0:50.3	And it doesn't require discipline, budget, and you don't have to make a lot of money to get started. But unless your financial plan is automatic, it will fail. But more importantly, I believe the next 10 years will be the greatest opportunity to build wealth in our lifetime. And yet 7 out of 10 people right now are living paycheck to paycheck. More than 50% of Americans don't have savings. And most people don't know where the money goes. And in fact, when we ask people, how much money would it take to totally change your life? They say $10,000.
1:15.4	Now, how much money do you need to spend a day to blow $10,000 a year? $27.40 a day. If you
1:22.3	invested that a day for 40 years, you'd have over $4,424,000. That would be life-changing.
1:29.3	But just before we get into all of the specifics and the strategies, do you have any specific
1:32.6	advice to people that are currently straveled with debt? Absolutely. There's a very simple
1:36.7	formula of getting out of debt called Dole. I'd tell you to... Just give me 30 seconds of your
1:43.1	time.
1:45.2	Two things I wanted to say.
	...

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