David Bach and I agree

The first three of sixteen factors from David Bach. Do they sound familiar? They should as I have been harping on these for years.

Anyone who tells you a budget is essential or necessary to determine how much you can save is bonkers.

Set up automatic saving and investing for:

emergency fund,

retirement fund

and general investing…just do it‼️

I have been saving and investing for 72 years including twenty years before my employer had a 401k. Small amounts in many years for sure, but keep going and it keeps growing.

Don’t end a month with an unpaid credit card bill.

1. Always spend less than you make – your life will be much easier and less stressful.

2. Pay yourself first – at least an hour a day of your income – you’re going to work 90,000 hours over your lifetime you should keep at least an hour a day of your income.

3. Don’t budget – you’re too busy, and you will just get frustrated and fail–instead automate your financial life. When it’s automatic you can’t fail.

David Bach noted author and financial expert