Book Summary Preview :
Start Late, Finish Rich

The Big Idea

Do you feel like it's too late for you to get rich? Did you procrastinate, save too little and borrow too much? Don't worry. Whether you're in your thirties or even sixties, it's never too late for you. With the right plan, you can start late and still finish rich.   

David Bach, America 's leading money coach and bestselling author of The Automatic Millionaire, provides you with an inspiring and easy-to-follow plan that can help you achieve financial security at any age.                                               

Chapter One : So You Started Late - Give Yourself a Beark Already!

Have you ever heard yourself say that you wished you had started saving when you were younger? The first step in finishing rich is to give yourself a break and cut yourself some slack. Instead of worrying about what happened in the past, ask yourself what you are going to do about it now.

Thinking about mistakes you have committed in the past is a waste of your energy, spirit and time. Remember that the past will continue to be your future if you drag it along with you. You must learn to let it go.

It's Not How Much We Earn, It's How Much We Spend

Believe it or not, your wealth does not depend on your income. In fact, one of the most important things you must learn is that how much you earn has almost no bearing on whether or not you can and will build wealth . Rather, your wealth depends on what you do with your money once you get it.

The Latte Factor

The Latte Factor is a concept that asks you to look into the small things you spend your money on every day. Believe it or not, you are spending your money on luxuries that you can very well live without. These extravagances include premium cable channels, designer coffee, fancy mobile phones, cab fare and massages. By limiting the amount of money you spend on these extravagances and instead investing the cash properly, the $1,100 a month you save can add up to nearly $2.7 million dollars in 30 years......

The Double Latte Factor ™

If you're starting late, the Latte Factor might not be enough. You're going to need to double up your savings. To do so, you must use the Double Latte Factor™.

The Double Latte Factor is those fixed, recurring expenses you incur by buying or signing up for services that are now considered essential and yet you were able to survive without five to ten years ago. These things include health club memberships, satellite TV, SUVs, bottled water, high-speed Internet connection, cigarettes, and extra cars.....