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How to Retire Early: The Latte Factor

Lesson 8 of 18

Common Investment Mistakes

David Bach

How to Retire Early: The Latte Factor

David Bach

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Lesson Info

8. Common Investment Mistakes
Don’t make these common investment mistakes that won’t yield extra income. David gives advice on buying a car.

Lessons

Lesson Info

Common Investment Mistakes

So I want to introduce you to the dumbest investment ever. It's a brand new car. Two days ago on CNBC, one of the heads of one of largest car companies said, We're getting nervous that people in America are gonna start buying less. Cars have been amazing economic boom. But things were changing. Young people today don't even want driver's license. My son, he's almost 16. He's 16. In August, I was obsessed with being 16. 16 meant I could drive and have a date without Mom and dad. He doesn't even care about a driver's license. He's like, Why would I want a car? I can take uber so so people aren't younger. People are not carrying about buying cars, but this country is obsessed with it. This country is obsessed with buying cars, and there are seven million Americans right now behind under car payments. How you start to know we're coming to the end of an economic boom because you got seven million Americans behind on car payments. I got $1.5 trillion in student loans. This when you start to ...

know that something, Yes, Richard getting richer, but there's something underneath the surface it's not right. Here is the thing. That's the average car payment in America on a new car. $530. What if you didn't have that car? What if you were not a two car American family or a three car American family for two people, which happens all the time? What if you took that money at 7% in 25 years? It have almost 1/2 a $1,000,000. Some of us talk about that. I drive a car from 10 years. Lisa car buying out. Please drive for 10 years. Um, if you're gonna buy a car, don't bite. New buy off of at least it's two years old or three years old. I'm gonna turn back. I leased cars because there's also, if you're if you have your own business, there's benefits to leasing. You take a look at the car. I'm going to return before I leave for Florence. I returned this car to the dealership. It's got 6000 miles on it, basically brand new. Someone can buy that car now for half of the retail price, but it's brand new. That's how you buy a car, and ideally, you don't borrow to buy a car. You take this money and you save it

Class Description

Short on time? This class is available HERE as a Fast Class, exclusively for Creator Pass subscribers. 

AFTER THIS CLASS YOU’LL BE ABLE TO:

  • Create financial freedom starting with as little as $5 a day
  • Learn how to earn 10% rates of return of your money
  • Understand the automatic millionaire habit that changes everything
  • Retire early or transition early to a life you dream of
  • Understand the FIRE movement and how to apply it to your financial future
  • Know how to become rich faster, as a freelancer or a small business owner
  • Use the Automatic Millionaire pyramid system to double your money in 10 years or less
  • Know which companies, apps and investments today are making managing your money easier and cheaper

ABOUT DAVID'S CLASS:

What if you didn’t need to be rich to live rich? What if there were a way you could achieve financial independence and live your dreams now?

In less than five hours – The Latte Factor Class can help you take control over your money and your life. Whether you’re just starting out in business, an employee, or you’re in debt and you just want to live the life you’ve always dreamed of, “The Latte Factor” is a one day program that has inspired millions.

David Bach is the Author of The Latte Factor and the creator of The Latte Factor Method. He’s also a nine-time New York Times bestselling author of books including Start Late, Finish Rich and The Automatic Millionaire. In How to Retire Early: The Latte Factor, David Bach will teach you why you are richer than you think. He’ll help you see a future that puts you in control over your finances and back in the driver's seat of your dreams.

It’s never too late to start living your dreams; today is your starting point. Whether you are living paycheck to paycheck, or simply want to increase your net worth, this class is for you if you’re ready for a fresh outlook on life and money.

WHO THIS CLASS IS FOR:

  • Anyone who wants to stop living paycheck to paycheck
  • Freelancers
  • Small business owners
  • People who want to live their dream life

ABOUT YOUR INSTRUCTOR:

David Bach is one of America’s favorite financial experts and bestselling financial authors of our time. He has taught millions to live and finish rich through his seminars, live events, courses and books. He’s the author of 9 New York Times best sellers, with over 7 million books in print in over 19 languages - including Smart Women Finish Rich, Smart Couples Finish Rich, and The Automatic Millionaire. He’s a media favorite having made thousands of appearances the past twenty years, including on Oprah six times and the Today Show over 100 times. David is the co-founder of AE Wealth Management and Director of Investor Education. His latest book is The Latte Factor: Why You Don’t Need To Be Rich To Live Rich. David presents seminars for and delivers keynote addresses to the world’s leading financial service firms, Fortune 500 companies, universities, and national conferences.

Reviews

Ling Fan
 

Great class! Concise and powerful! Wish I knew this 10 years ago.

Kennie Johnson
 

Very helpful and inspiring

Carlos Figueiredo
 

I thoroughly enjoyed the course love it!