![]() ![]() But, according to Ramit Sethi, author of I Will Teach You to Be Rich, there’s a more complicated psychological reason underlying this tendency. Why Do We Often Avoid Saving for the Future?īach believes that we struggle to save simply because we’re tempted to spend all of our money before we get a chance to save. Bach’s Automatic Millionaire process, which we’ll call the “automated path to wealth,” will teach you how to make smart financial decisions, automate your finances, and build your wealth using only a few dollars a day. The result is that many people miss out on a huge opportunity to enjoy financial freedom. This is because people often increase their spending in line with their income and always have an excuse to avoid saving for the future. ![]() 1-Page Summary 1-Page Book Summary of The Automatic Millionaire Fast Summary of Shortform's Guide to The Automatic MillionaireĪuthor David Bach argues that financial freedom doesn’t come from how much you earn, but how you manage your earnings-if you’re not saving your money with your current income, you’re unlikely to save it in the future.
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