Friday, December 12, 2008

The Automatic Millionaire

I've recently started reading The Automatic Millionaire by David Bach. I'm still at the beginning of it and so far haven't learned anything new and have gained nothing from it. However, I hold out high hopes that there will be at least one small nugget of information hidden somewhere in there.

The book discusses the Latte Factor which is a fairly widely known concept that cutting out your daily latte and muffin and investing it in the market will make you a millionaire over your working life.

However, this has had the opposite effect on me. Before I started reading the book I would never buy a latte. Now that I read about lattes everyday I've developed a craving for them and I'm started to drink them. Perhaps this book will change me from a potential automatic-millionaire to a nothing...

1 comment:

Anonymous said...

While I like a latte as well as the next fellow, I've never been....bon vivant enough to actually buy them very often.

So maybe I don't have enough disposable income such that I could stop disposing of it to become an automatic millionaire.