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

Gave this book to my daughter who is in college, I had done the audible, but the book is always better to have! Small enough to keep in a purse. You will definitely learn some money saving tips, a very easy read!

I have read dozens of self help books over the years, many of them devoted to building wealth and prosperity. A common thread that runs through them is the concept of developing a “wealth mindset.” The Latte Factor is the first book to walk me through one person’s story of personal growth, not just in the area of wealth. David Bach has created a beautiful parable of Zoey, a young girl on the path to a rich and fulfilling life. As Zoey’s mentor tells her, “You don’t have to be rich to live rich.” She finds her mentor in the most unlikely place: as a barista in her favorite coffee shop. Henry, who turns out to be much more than “just” a barista, teaches Zoey the building blocks of wealth. The Latte Factor isn’t just about giving up your daily latte or scrimping and scraping to build a nest egg. It’s about setting goals and priorities, and then ensuring that you reach them by paying yourself first. It’s not about creating a budget, eating ramen every day, and never going out with friends. It’s about making those payments to yourself automatic so that you never even miss the money. David Bach, known for financial management books such as The Automatic Millionaire and Smart Women Finish Rich, has paired up with John David Mann to tell a story that is sure to inspire generations of young people to start consciously creating their lives and their financial freedom. And, while the story may be geared toward twenty-somethings, this fifty-something found it inspiring and enlightening. Using a fictional format and the tale of how one young woman learns the key concepts Bach has espoused in his other books, The Latte Factor is sure to become a perennial bestseller.

I bought one for myself, and one for each of my kids. I've already loaned out 2 to people I know will be helped by it (maybe I need to get more!). I've read several of David's earlier books, and as a result of reading those, I have finally got a real shot at retiring. I started very late, but now I feel confident that I won't be a drain on my family as I age. His method is so practical, and so do-able, that just about anyone can do it (unlike David, I do understand that there are a small number of people living in extreme poverty that cannot rub two nickles together, and who aren't spending anything on unnecessary items - but hopefully this will be good information for when that ends, or for their kids). Most kids aren't being taught how to manage their money, and it shows. I had no idea, that's for sure! This book, written as a story, makes money management accessible even for younger kids. It's a must for teens and young adults, who NEED to know this stuff, before they get their first credit card. Buy this book. Read it. Give it away. Buy another and repeat. DO IT. It will change your life, and the lives of many others that you care about if you share it.

The Latte Factor is a simple way to get across three money habits by using a story to drive these points home. Most adults would probably prefer bullet points - tell me the advice straight out. But for a young person who probably gets tired of rote memorization from school, this easy to read tale by David Bach might get its points across without the youngster realizing it! I am asking several 15-your-olds to read this book in the hopes that they start some good money habits prior to earning a living. They will thank themselves in a few decades! And when they are older, and ready for a more adult book on money specifics, David has other books ready for them to read! But at this age, just even getting them thinking about how to handle money is a positive.

I really like that this is written as a novel or a parable. This is a great book of simple financial truths for anyone at any age. It will especially appeal I think to those who would not normally read a "financial" book. I had access to an advance copy of the book and found it to be a quick and enjoyable read. I liked it so much I've ordered additional copies to give to my family. This will most likely be my go - to book for graduation gifts as this could change a person's financial life. Personally, I was struck by the the emphasis on having dreams whether they be big or small. It was hard for me to think about putting a small amt aside each month to save for my dream account as I am a late starter to saving for retirement and have children in or starting college. But I was inspired to put aside a small amt each month (even $5/month is better than nothing) so that I can do some of the things I'd like to do for enjoyment. We have to be able to enjoy our lives now as well as thinking about our financial future. I think that is where David's teaching are so different from other financial books I have read. We don't have to deprive ourselves now. We just have to find small areas where we can save some money and then invest that money wisely. I highly recommend the book.

If I had investing information delivered in this way when I was in college and just starting my career, I probably would feel more financially secure. We have given this book to all four of our kiddos and some of their college-age friends. Easy read and the information about saving and investing when you are young is told in such a relatable and interesting way. It gives visuals also to clearly explain compounding interest, which is awesome! I would highly recommend this book as a high school graduation gift or for anyone who would benefit from an easy-to-understand explanation about investing in your financial future.

The way the author presents the topic is nice.

Ottima libro, da consigliare a chi si approccia per le prime volte a questa tematica e non vuole qualcosa di troppo tecnico

Os detalhes do livro ajudam muito a ter uma leitura linear e interessante. Ideias simples, mas que, realmente, quase ninguém faz!

One of the best books of my year, A very refresh book to read at the end or beginning of the year . Highly recommended , specially for young people.

Very interesting if you are trying to get ticher by reevaluating your expenses mindset