Скачать или смотреть The latte Factor By David Bach | Book Summary| AVID-WISDOM

#bookSummary
#BookReview
#TheLatteFactor
#DavidBach
#PersonalFinance
#AvidWisdom
#BookSummaryInEnglish

The solution to money problem isn't more money it's new habits

The Latte Factor teaches us how to overcome limiting beliefs about money and build our financial freedom through small daily choices

overcoming the Three Myths of Money:

Make more money and you’ll be rich.
It takes money to make money.
Someone else will take care of you.

Most of the people who experience a lack of money haven’t really got an income problem: they have a spending problem. Barbara explains how she saves $15 daily by bringing her own lunch to work instead of eating out. In fact, the first step to improving your financial situation is changing your habits, otherwise, your financial problems are going to grow together with your income.


Let’s see how we can do it!

Pay yourself first.
Don’t budget. Make saving automatic.
Live rich now.
Every month we pay everything we have to – taxes, mortgage or rent, bills – and buy a lot of small things as they come to our mind. At the end of it, if there’s some money left, we maybe buy ourselves something that we really care about.

Well, to get the best out of your income, you should reverse your routine. Every month, first set aside the money to build your financial independence, then pay the rest. This will probably mean renouncing to some treats like eating at your favorite restaurant. But it’ll allow you to accomplish far more ambitious projects.

Can you be consistent in the long run? Probably not unless you automatize it. The money must be taken out from your bank account before you even know it’s there. Forget budgeting, because not many people are good at that: it requires too much discipline and willpower.

Will you end up sacrificing your upcoming financial freedom? No, because besides a bank account for your future, you can set a dream account, for the money to do what really fulfills you. This is how Zoey was finally able to take that course and become a travel photographer for her magazine!


Most of us are used to think that saving small amounts doesn’t make any difference. But The Latte Factor shows us that it really does in the long term, especially if you invest them wisely. This book pushes us to cultivate awareness towards how we use money, to be able to spend it for what really matters to us.






Our Facebook Page -
https://www.facebook.com/Avid-Wisdom-...