Summary of Start Late, Finish Rich

David Bach

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Rating

8 Overall

9 Applicability

6 Innovation

8 Style

Recommendation

The shelves are full of books on personal finance and retirement. Many cover a familiar list of sound principles: Save, get out of debt, pay down your mortgage, add to your retirement investments and live fully. However, getAbstract finds that David Bach’s books are effective in their own distinctive way because of his emphasis on quality of life and simplicity (like using automatic deductions to meet your fiscal goals). Bach’s bestsellers have developed a wide following. If he is your preferred financial guru, you will enjoy this guide to a better fiscal future.

In this summary, you will learn

Why it is never too late to start on the path to a rich life;
How to cut your spending and alleviate debt;
Why you must pay yourself first;
How to earn additional income for retirement savings; and
Why living richly includes sharing.

About the Author

David Bach is a bestselling author, television personality and seminar teacher. His books include The Automatic Millionaire and Smart Couples Finish Rich.

Summary

Start Now
Up until yesterday, you may have done nothing to prepare for your financial future, but this is today. To begin, make a committed decision to save. You are in a financial marathon, not a sprint. Even if you are 50, deciding to save $10 a day can make a substantial difference ...