Become an Automatic Millionaire

David Bach, author of The Automatic Millionaire, joins the show to explain how anyone can build substantial wealth on a modest income. He shares the Latte Factor — how small daily expenses can add up to millions if invested — and the mechanics of compound interest, including the Rule of 72. Bach emphasizes that starting early matters more than earning a high return and that automating your savings is the single most impactful financial move you can make. The conversation also covers why homeownership remains a powerful wealth-builder and how to pay off a mortgage early while still saving for retirement.