9-time New York Times best-selling author, David Bach, joins us to share the secrets of financial freedom from his new book, The Latte Factor. This show is made possible by FinancialFreedomTool.com.
Today’s show is part of our special podcast series for Money Smart Week – coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances. Learn more at MoneySmartWeek.org.
Today, on The BIGG Success Show, we’re thrilled to talk with David Bach, one of the most trusted authors of our time. He’s written nine consecutive New York Times bestsellers, including two that hit #1.
David joins us today to share the secrets to financial freedom from his new book, The Latte Factor: Why You Don’t Have to Be Rich to Live Rich*. Here’s a summary of our discussion…
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Why did you write this book as a parable?
David says he’s wanted to write this parable since 2004. He was on Oprah, talking about The Automatic Millionaire*, his most popular book at that time. It’s about an ordinary couple who achieve total financial freedom at the age of 52, having never earned over $52,000 a year.
It shows, he explains, that you don’t have to be rich to invest. You don’t have to make a lot of money to retire early.
As the book became more and more popular, David realized that one of the best ways to reach people is by telling stories. His favorite books – The Alchemist* by Paulo Coelho and Who Moved My Cheese* by Spencer Johnson – were stories.
He adds: The truth is 98% of the people are never going to buy a financial book. But they’ll buy a story book. So I thought I could reach more people by putting this into a parable. But the story didn’t end there…
David is a BIGG fan of Paulo Coelho, author of The Alchemist. He spent a delightful evening with him back in 2012. As the time to retire neared, Paulo turned to David and said, “What is the book that your soul desires to write, that you have not yet written?”
David replied, “I want to write this book called The Latte Factor, that could inspire tens of millions of young people all over the world to realize that their dreams are closer than they think, that small amounts of money could change everything in their life. I have a son. He’s a teenager. I can’t get them to read my books yet.”
Paulo put his hand on David’s arm and said, “Then David, you must write that book.”
So David wrote The Latte Factor. And his son read it…and immediately acted upon it.
Want to know what George said to give David chills? Then listen to the show. Simply click the PLAY button above.
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Unbudgeting: Budget Without Budgeting
/0 Comments/in Personal Development /by George Krueger & Mary-Lynn FosterUnbudgeting is an alternative to traditional, personal budgeting. Think of it as a way to budget for people who hate budgeting.
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Do you prepare a budget for your household? If not, you’re in the majority. Nearly 3 out of 5 people don’t, according to a U.S. Bank Possibility Index study.
We must confess: we don’t prepare a traditional budget, although we have in the past. Now, we practice what we call “unbudgeting”.
We discuss this on The BIGG Success Show today. We’ve found it fits us more naturally than traditional budgeting. See if it makes sense to you.
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4 Takeaways from 3 Renowned Personal Finance Experts
/0 Comments/in Personal Development /by George Krueger & Mary-Lynn FosterWe share four takeaways from our podcast interview series with three renowned personal finance experts. This show is made possible by FinancialFreedomTool.com.
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This is our wrap up show for Money Smart Week, a national public awareness campaign coordinated by the Federal Reserve Bank of Chicago, to help individuals and families better manage their personal finances.
To participate this year, we put together a special podcast series, featuring tips from three world-famous personal finance experts from their newest book:
On The BIGG Success Show today, we shared three of our favorite moments from the series, as well as our key takeaway from each of the authors and the BIGG overall takeaway. Here’s a summary of that discussion…
Favorite BIGG Moments
Remember math class? Our favorite moment with Erin was when she compared math class to investing. And it doesn’t have anything to do with numbers! Here’s Erin:
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David Bach on The Latte Factor
/0 Comments/in Personal Development /by George Krueger & Mary-Lynn Foster9-time New York Times best-selling author, David Bach, joins us to share the secrets of financial freedom from his new book, The Latte Factor. This show is made possible by FinancialFreedomTool.com.
Today’s show is part of our special podcast series for Money Smart Week – coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances. Learn more at MoneySmartWeek.org.
Today, on The BIGG Success Show, we’re thrilled to talk with David Bach, one of the most trusted authors of our time. He’s written nine consecutive New York Times bestsellers, including two that hit #1.
David joins us today to share the secrets to financial freedom from his new book, The Latte Factor: Why You Don’t Have to Be Rich to Live Rich*. Here’s a summary of our discussion…
Podcast: Play in new window | Download
Why did you write this book as a parable?
David says he’s wanted to write this parable since 2004. He was on Oprah, talking about The Automatic Millionaire*, his most popular book at that time. It’s about an ordinary couple who achieve total financial freedom at the age of 52, having never earned over $52,000 a year.
It shows, he explains, that you don’t have to be rich to invest. You don’t have to make a lot of money to retire early.
As the book became more and more popular, David realized that one of the best ways to reach people is by telling stories. His favorite books – The Alchemist* by Paulo Coelho and Who Moved My Cheese* by Spencer Johnson – were stories.
He adds: The truth is 98% of the people are never going to buy a financial book. But they’ll buy a story book. So I thought I could reach more people by putting this into a parable. But the story didn’t end there…
David is a BIGG fan of Paulo Coelho, author of The Alchemist. He spent a delightful evening with him back in 2012. As the time to retire neared, Paulo turned to David and said, “What is the book that your soul desires to write, that you have not yet written?”
David replied, “I want to write this book called The Latte Factor, that could inspire tens of millions of young people all over the world to realize that their dreams are closer than they think, that small amounts of money could change everything in their life. I have a son. He’s a teenager. I can’t get them to read my books yet.”
Paulo put his hand on David’s arm and said, “Then David, you must write that book.”
So David wrote The Latte Factor. And his son read it…and immediately acted upon it.
Want to know what George said to give David chills? Then listen to the show. Simply click the PLAY button above.
Read more
Jean Chatzky on Women with Money
/0 Comments/in Personal Development /by George Krueger & Mary-Lynn FosterNBC’s TODAY show financial expert Jean Chatzky joins us to talk about her new book, Women with Money. This show is made possible by FinancialFreedomTool.com.
Today’s show is part of our special podcast series for Money Smart Week – coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances. Learn more at MoneySmartWeek.org.
Today, on The BIGG Success Show, we were thrilled to talk with Jean Chatsky. She’s NBC’s TODAY Show financial expert, the owner of HerMoney Media at HerMoney.com, co-host of the HerMoney podcast, a New York Times and Wall Street Journal best-selling author, and the list goes on.
Jean joins us today to talk about her latest book, Women with Money: The Judgment- Free Guide to Creating the Joyful, Less Stressed, Purposeful (and, Yes, Rich) Life You Deserve*. Here’s a summary of our discussion…
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What was your biggest takeaway from hosting HerMoney Happy Hours?
Jean says she learned that, because there is no place to talk about money, women are thirsting to start doing it. These conversations are empowering.
We’re taught NOT to talk about money? Is that bad?
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Broke Millennial Erin Lowry on Beginning Investing
/0 Comments/in Professional Development /by George Krueger & Mary-Lynn FosterBroke Millennial Erin Lowry is back with a new book on beginning investing, Broke Millennial Takes On Investing. This show is made possible by FinancialFreedomTool.com.
Today’s show is part of our special podcast series for Money Smart Week – coordinated by the Federal Reserve Bank of Chicago to help individuals and families better manage their personal finances. Learn more at MoneySmartWeek.org.
On The BIGG Success Show today, we were thrilled to talk with Erin Lowry. You may know Erin from her critically acclaimed book Broke Millennial*. She’s back with a new book called Broke Millennial Takes On Investing: A Beginner’s Guide to Leveling Up Your Money*. Erin joined us today to talk about it. Here’s a summary of our discussion…
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What is a “beginning investor”?
Erin says a lot of personal finance books assume a basic level of understanding of the stock market. In addition, they tend to use jargon which makes people feel like outsiders. It prevents them from learning more.
She wrote this book for these beginning investors, people who in many cases may not even think of themselves as investors. But if you have a 401(k) with your employer, you’re an investor – whether you think you are or not.
Want to hear Erin and George each share an unpleasant memory from math class, which illustrates what it’s like when you don’t understand investing? Listen to the show by clicking the PLAY button above.
How do you know when you’re ready to begin investing?
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