The Latte Factor: Why You Don't Have to be Rich to Live


  • Audio CD
  • 304 pages
  • The Latte Factor: Why You Don't Have to be Rich to Live Rich
  • David Bach
  • 23 August 2018
  • 150828377X

Leave a Reply

Your email address will not be published. Required fields are marked *

The Latte Factor: Why You Don't Have to be Rich to Live RichINSTANT NEW YORK TIMES, USA TODAY, WALL STREET JOURNAL,AND INTERNATIONAL BESTSELLER DiscoverNew York Times bestselling author David Bach s three secrets to financial freedom in an engaging story that will show you that you are richer than you think Drawing on the author s experiences teaching millions of people around the world to live a rich life, this fast, easy listen reveals how anyone from millennials to baby boomers can stillmake his or her dreams come trueIn this compelling, heartwarming parable, Bach and his bestselling coauthor John David Mann The Go Giver tell the story of Zoey, a twenty something woman living and working in New York City Like many young professionals, Zoey is struggling to make ends meet under a growing burden of credit card and student loan debt, working crazy hours at her dream job but still not earning enough to provide a comfortable financial cushion At her boss s suggestion, she makes friends with Henry, the elderly barista at her favorite Brooklyn coffee shop Henry soon reveals his Three Secrets to Financial Freedom, ideas Zoey dismisses at first but whose true power she ultimately comes to appreciate Over the course of a single week, Zoey discovers that she already earns enough to secure her financial future and realize her truest dreams all she has to do is make a few easy shifts in her everyday routine The Latte Factor demystifies the secrets to achieving financial freedom, inspiring you to realize that it s never too late to reach for your dreams By following the simple, proven path that Henry shows Zoey, anyone can make small changes today that will have big impact for a lifetime, proving once again that David Bach is the financial expert to listen to when you re intimidated by your finances Tony Robbins,New York Times bestselling author of Money Master the Game As an intelligent, grown up woman reading a book about finance even a short, simple parabola like this one, that I expected to be super simplified , I felt insulted Sexist and full of old, destructive stereotypes.I understand that the author is trying to do good here Sharing good advice and trying to help people that are struggling with the basics of money management It is supposed to be for beginners and suitable for anyone, very simple language, didactic, all that And it does have good si As an intelligent, grown up woman reading a book about finance even a short, simple parabola like this one, that I expected to be super simplified , I felt insulted Sexist and full of old, destructive stereotypes.I understand that the author is trying to do good here Sharing good advice and trying to help people that are struggling with the basics of money management It is supposed to be for beginners and suitable for anyone, very simple language, didactic, all that And it does have good simple advice for beginners But it ispatronising than helpful.It feels like the author thinks that everyone that doesn t know what he is teaching here has to be super dumb, therefore needs to be treated like one.The 27 year old lady that you re supposed to connect with if you re looking to learn something here looks like a clueless child in relation to money and her interactions with people Every little thing she is taught because that is the only way she could learn something, of course seems like the most incredible thing anyone could ever think of, even when they are quite obvious given the context.It is interesting, as she seems quite successful at her job, which suggests that she is not as dumb as her thoughts or conversations show But hey, about money Completely brainless.Also, of course she is a woman And gets advice from a wise old man.I understand that we still live in a world where women are less stimulated to take real ownership of their financial lives and as a consequence strugglewith money management, but to describe adult woman in an infantilised and idiotic way doesn t really help fix that, let alone connect with them.The regular 27 year old woman may not be great at saving and investing, like most people in the world man AND woman , but it doesn t make them stupid or incapable of understanding things without being taught like children If that is the way you want to teach your techniques, at least use a child as your main character and leave the adult woman alone This is a fiction style book with the purpose of sharing advice on how to save money and become rich While I did gleam a couple of tips that I ll be putting into practice, unfortunately I found the MC irritatingly thick and the people giving advice incredibly patronizing I know you wouldn t really understand this, you re only in your twenties um, okay That being said , the MC was so stupid and lacking in even the most basic financial literacy that this was probably necessary She do This is a fiction style book with the purpose of sharing advice on how to save money and become rich While I did gleam a couple of tips that I ll be putting into practice, unfortunately I found the MC irritatingly thick and the people giving advice incredibly patronizing I know you wouldn t really understand this, you re only in your twenties um, okay That being said , the MC was so stupid and lacking in even the most basic financial literacy that this was probably necessary She doesn t seem to realise that automatic payments are a thing, and doesn t understand what this latte factor people keep ranting about while saying how saving 5 a day with compound interest adds up over time, and literally crunching numbers on it could possibly be later she talks about the three coffees she buys everyday Also, lets just ignore the fact that coffee buying is something older generations are on millennials backs for ALL THE TIME This aside, I do understand this is a book to inform, not entertain with amazing plot or characters And yes, I did glean a couple of tips reminders from it view spoiler set up automatic payments into savings and Kiwisaver The New Zealand version of a 401k , invest once I have enough hide spoiler many however seemed out of touch with the people hes trying to address view spoiler don t rent, buy a house Yeah cool, and that s a possibility once my 5 a day has multiplied, but that s a long way off, even if my money does add up to 2000 a year hide spoiler , and others out of touch with reality as a whole view spoiler where are these 10% savings accounts I will give him this one however, as you could invest elsewhere and maybe get these returns You don t really need to earnmoney So I completely get that habits are make or break in savings and money making However, I work several jobs alongside my full time study for a reason I live in New Zealand s most expensive city, and the money I am loaned yes, loaned, not handed because I am a student is not enough to cover my basic living costs If I could change my working arrangements through habits, I would, and this sort of situation isn t recognised hide spoiler All in all I do understand that this book was a quick snapshot of tips and not supposed to be in depth, so room should be made for that There s enough over explanation in here not to add in explaining that there isn t really a one size fits all finance solution I can see this book being useful to someone with very little like, close to zero financial literacy, or maybe a teenager starting to think about what their relationship with finance as an adult may look like I suppose in summary, I think this book just needs a bit of an edit, making the characters less ridiculous and prioritizing what does and doesn t need explanation I am grateful as I ve mentioned for the reminders on prioritising savings and things that are important to me in life Read in about two hours A lot of fluff to explain three principles this would be good for a teenager just learning about money management. I am not big on non fiction, self help books reading.This one intrigued me, yeah mostly because of the subtitle Why you don t have to be rich to live rich I had to pick it up Now, this wasn t like any non fiction book or well the ones I have read It is basically fiction with lessons and suggestions through and through That is what got me intrigued and helped me to continue reading the book Now my problem with most self help books is that they advertise a problem on the cover one picks it up I am not big on non fiction, self help books reading.This one intrigued me, yeah mostly because of the subtitle Why you don t have to be rich to live rich I had to pick it up Now, this wasn t like any non fiction book or well the ones I have read It is basically fiction with lessons and suggestions through and through That is what got me intrigued and helped me to continue reading the book Now my problem with most self help books is that they advertise a problem on the cover one picks it up in the hopes of finding a solution and when they start reading, they generally tell that the solution is out there somewhere in the horizon and we will get to it but let s talk about the problem first, which goes on for almost half the book Then there is some solution to it with a website attached, where you go and check and then you have to spendmoney in hopes of finding a solution because talking about that problem so much has made me believe it is the end of the world.HATE THAT There are also some books which give you a solution but then you don t know and you think you can t put them in practice This book, on the other hand, will take you through a story of a girl who will face the problems that you are facing, ask the questions that might pop in your head and in the end she will also question the same thing good solution but how do I do it I am not accustomed to it and the author provides with a solution to that and that is the part I loved I was able to relate and then put my plan of action in place I was able to take away from the book Thank you to netgalley for the free copy of this week in exchange for an honest review.In general, it has solid financial advice pay yourself first, don t budget make it automatic, live rich now HOWEVER, I felt like I was being mansplained throughout this The girl, Zoey, has never been good at money She meets a guy named Henry who apparently IS good at money He gives her some financial advice that she apparently could not have figured out her own Essentially, this book is focused on a ma Thank you to netgalley for the free copy of this week in exchange for an honest review.In general, it has solid financial advice pay yourself first, don t budget make it automatic, live rich now HOWEVER, I felt like I was being mansplained throughout this The girl, Zoey, has never been good at money She meets a guy named Henry who apparently IS good at money He gives her some financial advice that she apparently could not have figured out her own Essentially, this book is focused on a man explaining to a woman why we aren t good with money just skip your latte and that we should invest in the stock market instead It s not really a book,like a Sophie s World of Finance for Dummies or what you should have learned in Economics class in high school It s OK if you really don t know that retirement accounts exist for a reason so you can retire when you can t work any , get it and that using credit cards and taking out loans for things you don t need is a bad idea It doesn t really explain anything, so you can t learnthan an excel sheet will tell you Maybe there are people in the US who It s not really a book,like a Sophie s World of Finance for Dummies or what you should have learned in Economics class in high school It s OK if you really don t know that retirement accounts exist for a reason so you can retire when you can t work any , get it and that using credit cards and taking out loans for things you don t need is a bad idea It doesn t really explain anything, so you can t learnthan an excel sheet will tell you Maybe there are people in the US who have no idea that drinking expensive coffee and eating lunch in a restaurant every day uses up a lot of their personal income that doesn t go towards paying off loans Now I m just glad that in Europe we don t have a choice and contribute by default to at least a public retirement fund plus all the private ones we can afford I never thought I could be a millionaire, but it seems like if I follow my common sense, I may one day be one To conclude, don t read this book unless you are really helpless and you hate money so much that you can t make it stick to your wallet long enough to get you your own home and life in order Do not bother with this book It is poorly written and seems like a money magazine article that someone tried to stretch into a book There are many other books on saving that are much better than this. Pandering nonsense A couple of middle aged men explaining to women why we re so bad with money say that quoted part in baby voice, please You know, because we just can t skip our 5 day habit of a latte that if invested in the stock market would become something REAL Let s make sure to keep it a latte, or a frappe, or some other nonsense that a MAN would never buy Let s not make it craft beer, or tech gadgets, or sporting events, or cars motorcycles trucks that MEN buy They even charmin Pandering nonsense A couple of middle aged men explaining to women why we re so bad with money say that quoted part in baby voice, please You know, because we just can t skip our 5 day habit of a latte that if invested in the stock market would become something REAL Let s make sure to keep it a latte, or a frappe, or some other nonsense that a MAN would never buy Let s not make it craft beer, or tech gadgets, or sporting events, or cars motorcycles trucks that MEN buy They even charmingly formatted this as the male barista mansplaining the whole plan to the bad with money woman Do I even need to add the bad with money part Isn t that a given I ll also say, I do plenty of investing, and I ve never seen the returns that would make a 5 day habit turn into a million dollars Also, I don t buy 5 coffees How this book got published is beyond me How it got any good reviews is evenamazing There s much, much, much better lit out there for financial wellness and planning Mercifully it was a short read and I m also glad I checked it out from the library instead of spending my latte money on it.


About the Author: David Bach

Is a well known author, some of his books are a fascination for readers like in the The Latte Factor: Why You Don't Have to be Rich to Live Rich book, this is one of the most wanted David Bach author readers around the world.