Book Review | Part 2 | The Latte Factor by David Bach
Add caption ~ LIVE RICH NOW ~ What I love about this book is that it's not only focused on money, but stressed more on the human habits and values that make money more valuable and the use of it more meaningful. It's told in a fictional story of a young woman Zoey who's stuck in a money trap unable to find a way out, which made reading it so much fun. The author has shared three secrets to come out of this trap. 1. Pay yourself first (saving for the future): Pay yourself the first hour of each day's income, which is roughly about 10% (atleast). This idea is not just about saving money but developing a mindset of putting yourself first by setting aside a certain amount for yourself before you pay to others. 2. Don't budget - make it automatic: We have always been told to budget but the author here says dont. Inorder to develop a habit of saving, the author says its best to do away with the discipline of budgeting which is hard for most peopl to keep. He...