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Budgets Don't Work, Automation Makes You Rich | David Bach
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About this episode
David Bach, author of The Latte Factor and The Automatic Millionaire, spent nine years at Morgan Stanley and co-founded a registered investment advisory firm. He argues with Lewis Howes that automated saving and long term ownership of stocks and real estate build wealth, while get rich quick thinking keeps people broke. The conversation covers Smart Women Finish Rich, the Rule of 72, Acorns, and Federal Reserve data on emergency savings.