If YOU Give Me 17 Minutes, You'll Never Be Broke Again

About this video

It takes $27 a day to become a millionaire. Not a side hustle. Not a lucky investment. Just $27 a day, invested in an S&P 500 index fund, left alone for 40 years. The math says you will have over $4.4 million. Bestselling financial author David Bach holds a brick of $10,000 in cash on camera and walks through exactly how this works, then addresses every single objection you're about to have. For people who can't save $27 a day, David offers a simpler challenge: save $10 a day for 100 days. That gets you to $1,000, which is more than 50% of Americans currently have in savings. He says that $10,000 is the number that surveys consistently show would change someone's life, because it's roughly what the average person owes in credit card debt. Paying that off, or having that cushion in a savings account, is the difference between feeling trapped and feeling free. The conversation also covers why buying a home is actually more liquid than renting in many US markets (average sale time is 47 to 62 days, shorter than breaking a lease), why David's grandmother retired to California while her friends stayed in Wisconsin because she brown-bagged her lunch, and why a $9.50 iced coffee in New York City is now the modern version of the latte factor. Discover: • How $27 a day becomes over $4.4 million in 40 years through compound interest • The seven day financial challenge that reveals where your money actually goes • Why $10,000 is the number that surveys show would change most people's lives • How to start saving with just $10 a day for 100 days • Why buying a home is often more flexible than renting in the US • The bi-weekly mortgage trick that saves $50,000 to $100,000 in interest • Why rounding up your change through apps has helped people save tens of thousands 📺 Watch the full episode here - https://youtu.be/99xyy1nUpug ❤️ Subscribe to our main channel - www.youtube.com/TheDiaryOfACEO Get your hands on exclusive Diary of a CEO products: https://thediary.com/collections/all?utm_source=youtube&utm_medium=organic&utm_campaign=experiment&utm_term=clipschannel #thediaryofaceo #doac